Updated Sep 9, 2024
Chris Remeika Of Cushman & Wakefield Represents Buyer In Irving Sale At 1295 Kinwest Pkwy
1295 Kinwest Pkwy, Irving, TX, 75063
Building Size
—
Asset Type
Senior Housing
Closing
Dec 3, 2019
About this deal
AI
The property involved in this transaction is located at 1295 Kinwest Pkwy, Irving, TX, 75063. It is situated in the Irving market and is not explicitly noted with a sales price or square footage. The sale involves two seniors housing communities in the Dallas area, including MacArthur Hills in Irving, which offers independent living, assisted living, and memory care services.
Summary of transaction details:
- Property Type: Seniors Housing
- Transaction Amount: Not Disclosed
- Address: 1295 Kinwest Pkwy, Irving, TX, 75063
- Market: Irving
- Buyer: Unknown
- Buyer's Representative: Chris Remeika (Cushman & Wakefield)
The Cushman & Wakefield team that facilitated this transaction includes Richard Swartz, Jay Wagner, Jim Dooley, and Chris Remeika. The details regarding the seller and any sales price remain undisclosed.
On the Map
Senior Housing
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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