TCA Logistics & Buckeye Corrugated Inc Lease Industrial Property In McAllen
5700 South International Parkway, McAllen, Texas 78503, United States
Building Size
80,100 SF
Asset Type
Industrial
Closing
May 9, 2022
AI
The leased property is an industrial building located at 5700 S International Pky in McAllen. It spans a total of 80,100 square feet and is situated in a market known for its industrial properties.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 05/10/2022
- Address: 5700 S International Pky, McAllen
- Square Footage: 80,100
The landlord involved in this lease is Killam Development. They were represented by Carlos Marquez from NAI Partners. The tenant, TCA Logistics & Buckeye Corrugated Inc, was represented by Carlos Telles from CBRE.
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