Adam Abushagur, Tyler Ranft & Davis Cagle Of Marcus & Millichap Facilitate Sale Of Industrial Property In McKinney
2530 East University Drive, McKinney, Texas 75069, United States
Building Size
12,455 SF
Asset Type
Industrial
Closing
Dec 17, 2021
AI
Located at 2530-2535 East University Drive in McKinney, this industrial property has been sold. The property spans an area of 12,455 square feet and is situated on 1.57 acres of land. The transaction took place on December 17, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: December 17, 2021
- Property Size: 12,455 square feet
- Land Size: 1.57 acres
- Location: 2530-2535 East University Drive, McKinney
The sale of this industrial property was facilitated by the team at Marcus & Millichap. The brokers involved in the deal were Adam Abushagur, Tyler Ranft, and Davis Cagle from Marcus & Millichap.
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