Thor Equities Acquires Industrial Property In McKinney From Core5 Industrial Partners For $35.7M
SOLD
$35,700,000
Texas
See Similar DealsIndustrial1,000,000 SF
Sold 08/19/2021
SOLD
Thor Equities Acquires Industrial Property In McKinney From Core5 Industrial Partners For $35.7M
350 Cypress Hill Drive, McKinney, TX 75071, USA
See Similar DealsIndustrial1,000,000 SF
Sold 08/19/2021
Summary
TEXAS
Asset Type:Industrial
Price Per Square Foot:$35
Total Square Footage:1,000,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,903,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$126,834.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$169,236.21
Annual Debt Service$2,030,834.56
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