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801 Harry Mckillop Boulevard

Robert Madden Industries Leases 65,811 SF Industrial Space In McKinney, Texas
LEASEDIndustrial

Robert Madden Industries Leases 65,811 SF Industrial Space In McKinney, Texas

801 Harry Mckillop Boulevard

Building Size

65,811 SF

Asset Type

Industrial

Closing

Nov 21, 2023

AI

The industrial property located at 801 Harry McKillop Boulevard in McKinney has been leased. The property spans 65,811 square feet and is owned by Transwestern Development Co. The lease transaction took place on November 21, 2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Date: November 21, 2023
  • Address: 801 Harry McKillop Boulevard, McKinney
  • Square Footage: 65,811

Robert Madden Industries, a wholesale distributor of HVAC products, has become the tenant for this industrial property. The tenant was represented by Brett Lewis from Lee & Associates. On the other hand, Transwestern Development Co. was represented by Kodie Comby and Randy Touchstone from JLL. It is noteworthy that Lee & Associates facilitated the lease transaction between the tenant and the landlord, Transwestern Development Co.

Players

Brett Lewis

Lee & Associates

Broker

13 deals

Broker
Transwestern
TranswesternBrokerage

Larry Heard

Transwestern

Landlord

$141.1M

vol

7 deals

Landlord

McKinney 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