Updated Oct 28, 2024
Thor Equities Acquires Industrial Property In McKinney From Core5 Industrial Partners For $35.7M
350 Cypress Hill Drive, McKinney, TX 75071, USA
$35,700,000
$35/SF
Building Size
1,000,000 SF
Asset Type
Industrial
Closing
Aug 19, 2021
About this deal
AI
The industrial property located at 350 Cypress Hill Drive in McKinney has been sold. The transaction took place on August 19, 2021, and the asset type is industrial.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $35,700,000
- Address: 350 Cypress Hill Drive
- Market: McKinney
Core5 Industrial Partners represented by Timothy Gunter acted as the seller in this transaction, while Thor Equities represented by Joseph J. Sitt was the buyer.
The industrial sale at 350 Cypress Hill Drive, McKinney, TX 75071, USA in McKinney, Texas sold for $35.7M in 2021. The building is 1,000,000 square feet, implying about 35 per square foot on the published price. Named participants on the 350 Cypress Hill Drive, McKinney, TX 75071, USA sale are Joseph Sitt, Timothy Gunter. This page is the McKinney, Texas file for the 350 Cypress Hill Drive, McKinney, TX 75071, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same McKinney sit in the Market section below. Filter that McKinney industrial set by closing date to see what else sold near 350 Cypress Hill Drive, McKinney, TX 75071, USA around 2021. Published consideration for 350 Cypress Hill Drive, McKinney, TX 75071, USA is $35.7M, dated 2021. Cite this Thor Equities Acquires Industrial Property In McKinney From Core5 Industrial Partners For $35.7M sale when underwriting similar industrial product around McKinney, Texas.
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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93