Updated Dec 4, 2024
Thor Equities Sells Industrial Property In McKinney, TX To Stream Realty Partners For $20M
3601 North Mcdonald Street
$20,000,000
$153/SF
Building Size
129,914 SF
Asset Type
Industrial
Closing
Jan 24, 2022
About this deal
AI
The property involved in this transaction is an industrial asset located at 3601 N. McDonald St in McKinney, TX. The property spans 129,914 square feet and was sold for a total of $20,000,000, resulting in a price per square foot of $154.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $20,000,000
- Address: 3601 N. McDonald St
- Market: McKinney, TX
- Seller: Thor Equities - Joseph Sitt & Morgan Stanley
- Brokers: Stream Realty Partners
- Square Footage: 129,914
- Price per Square Foot: $154
The sellers of the property were Thor Equities, represented by Joseph Sitt and Morgan Stanley. The transaction was facilitated by Stream Realty Partners.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93