facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Industrial

/

Lease

/

424 Wilmeth Rd McKinney, TX...

ML Realty Partners Leases 171,398 SF Industrial Building To Pegasus Industries In McKinney, Texas
LEASEDIndustrial

ML Realty Partners Leases 171,398 SF Industrial Building To Pegasus Industries In McKinney, Texas

424 Wilmeth Rd McKinney, TX 75071, USA

Building Size

171,398 SF

Asset Type

Industrial

Closing

Jul 17, 2023

AI

The McKinney Trade Center in McKinney, Texas has reached full occupancy as ML Realty Partners has leased the final phase of the business park to Pegasus Industries. The newly leased 171,398-square-foot industrial building has contributed to the thriving industrial building market in the Dallas-Fort Worth area.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 171,398
  • Address: 424 Wilmeth Road, McKinney, Texas
  • Market: McKinney

ML Realty Partners, represented by Matthew Smith, secured the lease with Pegasus Industries. The deal was facilitated by the brokers Brett Lewis, Adam Graham, and Ken Wesson from Lee & Associates.

Players

Adam Graham

Lee & Associates

Broker

24 deals

Broker

Matthew Smith

ML Realty Partners

Landlord

4 deals

Landlord

Texas Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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