Compass Represents Buyer In Retail Sale Of Story Crossing In Irving Texas For $X
2501 West Airport Freeway
Building Size
6,038 SF
Asset Type
Retail
Closing
Sep 17, 2024
AI
The property involved in this transaction is a retail asset located at 2501 West Airport Freeway in Irving, Texas. It covers a square footage of 6,038 and sits on 0.7 acres. The retail space is currently occupied by tenants including Starbucks, T-Mobile, and CBD Kratom.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Footage: 6,038
- Acres: 0.7
- Address: 2501 West Airport Freeway
- Market: Irving
- Buyer's Representative: Compass
- Seller's Representatives: Jeff Lefko - Hanley Investment Group; Russel Wehsener - The Woodmont Company
The Woodmont Company facilitated the sale of the retail property. Compass represented the buyer in this transaction, ensuring a successful deal between the involved parties.
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