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
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