Updated Oct 28, 2024
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
About this deal
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.
Traded’s record for 5001 George Mcvay Drive, McAllen, Texas 78503, United States in McAllen, Texas covers a industrial lease from 2022. Published size for 5001 George Mcvay Drive, McAllen, Texas 78503, United States is 223,016 square feet. Carlos Marquez, NAI Global, Partners Real Estate appear on the lease alongside NAI Global, Partners Real Estate. This page is the McAllen, Texas file for the 5001 George Mcvay Drive, McAllen, Texas 78503, United States industrial leased: pricing, party profiles, and other closed industrial comps from the same McAllen sit in the Market section below. Filter that McAllen industrial set by closing date to see what else leased near 5001 George Mcvay Drive, McAllen, Texas 78503, United States around 2022. Cite this Killam Development Leases 223,016 SF Industrial Space In McAllen lease when underwriting similar industrial product around McAllen, Texas.
On the Map
Industrial
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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