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
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.
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