CoSol Commercial Real Estate Represents California Buyer In McKinney Retail Center Sale
3041 S Custer Rd, McKinney, TX, 75070
Building Size
17,740 SF
Asset Type
—
Closing
Nov 22, 2023
AI
The Custer Village, a 17,740-square-foot retail center located at 3041 S Custer Rd in McKinney, TX, was recently sold. The property was fully leased at the time of sale to tenants such as Original ChopShop, Clarity Eye Care, PetBar, and YogaSix. Tim Axilrod of SHOP Cos. represented the seller, an undisclosed LLC, in the transaction. CoSol Commercial Real Estate represented the buyer, who remains anonymous.
Summary of transaction details:
- Property Type: Retail Center
- Transaction Amount: Not disclosed
- Market: McKinney
- Seller's Representative: Tim Axilrod (SHOP Companies)
- Buyer: Undisclosed
- Seller: Unknown LLC
- SF: 17,740
The sale of Custer Village in McKinney, TX was facilitated by Tim Axilrod of SHOP Companies, representing the undisclosed local seller, and CoSol Commercial Real Estate, representing the undisclosed buyer based in California.
Players
McKinney CRE Market Snapshot
Boundary boundary · CRE · 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