Killam Development Leases 223,016 SF Industrial Space In McAllen
5001 George Mcvay Drive, McAllen, Texas 78503, United States
Building Size
223,016 SF
Asset Type
Industrial
Closing
Apr 6, 2022
AI
An industrial property in McAllen, located at 5001 George McVay Drive, 5700 S International Parkway, and 5801 George McVay Drive, has been leased. The property spans a total of 223,016 square feet.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Date: 04/07/2022
- Market: McAllen
The landlord for this lease is Killam Development. Carlos Marquez, representing NAI Partners, served as the landlord's representative in the deal.
Players
McAllen 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