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
Texas 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