MKAC Investments Acquires Retail Property In Irving From Seritage Growth Properties
2501 Irving Mall, Irving, Texas 75062, United States
Building Size
96,000 SF
Asset Type
Retail
Closing
Apr 7, 2023
AI
MKAC Investments has acquired a retail property located at 2501 Irving Mall in Irving. The asset spans approximately 96,000 square feet across a 15-acre lot. The transaction took place on 04/07/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 2501 Irving Mall, Irving
- Market: Irving
- Square Footage: 96,000 SF
- Acres: 15
The buyer, MKAC Investments, completed the purchase from Seritage Growth Properties. The deal was facilitated by the brokerage team of Rich Flaten and Lauren Aitken, representing CBRE.
Players
Irving Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93