Updated Nov 14, 2025
Outrigger Industrial And Longpoint Realty Partners Sell 304576 Square Foot Industrial Property In McKinney
400 Harry Mc Killop Boulevard
Building Size
304,576 SF
Asset Type
Industrial
Closing
Nov 7, 2025
About this deal
AI
The transaction involved the sale of a fully leased industrial property located at 400 Harry Mc Killop Boulevard in McKinney, Texas. The asset, known as the M-75 Commerce Center, encompasses a total square footage of 304,576 and features 36-foot clear heights, a cross-dock layout, and climate-controlled space. The property was completed in 2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Square Footage: 304,576
- Address: 400 Harry Mc Killop Boulevard
- Market: McKinney
- Seller: Michael Podboy - Outrigger Industrial
- Seller: Dwight Angelini - Longpoint Realty Partners
Outrigger Industrial and Longpoint Realty Partners were the sellers in this transaction. The specific details regarding the buyer and the sale price remain undisclosed.
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Industrial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93