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
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