Updated Oct 28, 2024
AC Industrial LLC Acquires Industrial Property In McKinney, TX From Thor Equities For $35M
350 Cypress Hill Drive, McKinney, Texas 75071, United States
$35,000,000
$116/SF
Building Size
301,786 SF
Asset Type
Industrial
Closing
Oct 18, 2022
About this deal
AI
The industrial property located at 350 Cypress Hill Drive in McKinney, TX has been sold in a closed transaction. The property spans a total area of 301,786 square feet and is valued at $35,000,000. The buyer of the property is AC Industrial LLC, while the seller is Thor Equities, represented by Joe Sitt.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $35,000,000
- Square Footage: 301,786
- Address: 350 Cypress Hill Drive, McKinney, TX
- Market: McKinney, TX
The sale of this industrial property was completed on 10/19/2022. Joe Sitt, representing Thor Equities, played a pivotal role as the seller's representative in this transaction.
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93