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320 Wilmeth Road, McKinney,...

Blount Fine Foods Corp. & L&S Plumbing Partnership Ltd. Lease 91,992 SF Industrial Space In McKinney With Tenant's Rep Adam Graham & Ken Wesson - Lee & Associates And Landlord's Rep Brett Lewis - Lee & Associates, & Kent Smith & Stephen Cooper - NAI Robert Lynn
LEASEDIndustrial

Blount Fine Foods Corp. & L&S Plumbing Partnership Ltd. Lease 91,992 SF Industrial Space In McKinney With Tenant's Rep Adam Graham & Ken Wesson - Lee & Associates And Landlord's Rep Brett Lewis - Lee & Associates, & Kent Smith & Stephen Cooper - NAI Robert Lynn

320 Wilmeth Road, McKinney, TX, USA

Building Size

91,992 SF

Asset Type

Industrial

Closing

Feb 8, 2021

AI

The industrial property located at 320 Wilmeth Road in McKinney has been leased. The property spans 91,992 square feet and sits on a 24-acre lot. The lease transaction was completed on February 9, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Address: 320 Wilmeth Road
  • Market: McKinney
  • Square Footage: 91,992
  • Lot Size: 24 acres
  • Tenants: Blount Fine Foods Corp. & L&S Plumbing Partnership Ltd.
  • Landlord: ML Realty
  • Tenant's Representatives: Adam Graham & Ken Wesson - Lee & Associates
  • Landlord's Representatives: Brett Lewis - Lee & Associates, Kent Smith & Stephen Cooper - NAI Robert Lynn

The lease was facilitated by Adam Graham and Ken Wesson from Lee & Associates, representing the tenants Blount Fine Foods Corp. and L&S Plumbing Partnership Ltd. Meanwhile, Brett Lewis from Lee & Associates and Kent Smith and Stephen Cooper from NAI Robert Lynn served as the representatives for the landlord, ML Realty.

Players

Kent Smith

NAI Global

Broker

7 deals

Broker
MR
ML RealtyLandlord

McKinney Industrial Market Snapshot

Boundary boundary · Industrial · Lease 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