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ML Realty Partners Leases 171,398 SF Industrial Building To Pegasus Industries In McKinney, Texas
LEASED
+ 1
Texas
See Similar DealsIndustrial171,398 SF
Leased 07/17/2023
LEASED
ML Realty Partners Leases 171,398 SF Industrial Building To Pegasus Industries In McKinney, Texas
424 Wilmeth Rd McKinney, TX 75071, USA
See Similar DealsIndustrial171,398 SF
Leased 07/17/2023
+ 1
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:171,398 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$9,824,429.93
Total Lease Value
$98,244,299.31
Net Landlord Cash Flow$9,824,429.93
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