Petoskey Plastics Acquires Industrial Property In McKinney
2050 Couch Drive, McKinney, TX 75069, USA
Building Size
53,627 SF
Asset Type
Industrial
Closing
Mar 28, 2021
AI
The industrial property located at 2050 Couch Drive in McKinney has been sold in a recent transaction. The property spans 53,627 square feet, making it a noteworthy asset in the market.
Summary of transaction details:
- Property Type: Industrial
- Sale Date: 03/29/2021
- Address: 2050 Couch Drive
- Market: McKinney
- Square Footage: 53,627
The buyer for this transaction is Petoskey Plastics. They have acquired the industrial property, facilitated by Evan Hammer from Whitebox Real Estate acting as their broker representative in the deal.
Players
McKinney Industrial Market Snapshot
Boundary boundary · Industrial · Sale 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