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7505 N MacArthur Blvd Irvin...

Updated Oct 25, 2024

CBRE Investment Management Acquires MacArthur Park In Irving With EDENS
SOLDRetail

CBRE Investment Management Acquires MacArthur Park In Irving With EDENS

7505 N MacArthur Blvd Irving, TX 75063, USA

Building Size

425,612 SF

Asset Type

Retail

Closing

Aug 1, 2023

About this deal

AI

CBRE Investment Management, in partnership with EDENS, has acquired MacArthur Park, a 425,612-square-foot grocery-anchored neighborhood center in Irving, Texas. The center is located at 7505 North MacArthur Boulevard and caters to the demand for convenience and social connection in the Los Colinas community. MacArthur Park features diverse necessity-retail tenants and is strategically positioned at the intersection of major thoroughfares.

Summary of transaction details

  • Property Type: Retail
  • Square Footage: 425,612
  • Address: 7505 North MacArthur Boulevard
  • Market: Irving

CBRE Investment Management, represented by Sondra Wenger, and EDENS, represented by Jami Passer, are the buyers of MacArthur Park in Irving. Their collaboration aims to capitalize on the growing demand for retail spaces in the Los Colinas community.

Players

Texas 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

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