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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Deal FAQ
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