Updated Nov 9, 2026
David Craig Of Craig International Sells 17.85 Acre Development Site In McKinney, TX
Northeast Corner Of State Highway 121 & Alma Road
Building Size
—
Asset Type
Development Site
Closing
Oct 22, 2026
About this deal
AI
The 17.85-acre development site is located at the Northeast Corner of State Highway 121 & Alma Road in McKinney, TX. The property was sold as part of a mixed-use project known as District 121 on September 22. The sale price remains undisclosed.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not disclosed
- Address: Northeast Corner Of State Highway 121 & Alma Road
- Market: McKinney, TX
- Acres: 17.85
- Seller: David Craig - Craig International
David Craig represented the seller, Craig International, in this transaction. Notably, the surrounding area is seeing further development, including Sycamore Development's conversion of a former nursing home into 75 permanent supportive housing units, along with accounting firm BDO's plans to move its 25,000-square-foot office to Harwood District in 2027.
On the Map
Development Site
View full map
Players
Mc Kinney Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Mc Kinney development site sales on Traded.
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