Updated Oct 21, 2026
717 Tower Lane
717 Tower Lane
Building Size
6,480 SF
Asset Type
Industrial
Closing
Oct 15, 2026
About this deal
AI
The property asset involved in this transaction is located at 717 Tower Lane in McKinney, Texas. It consists of an industrial building with a total square footage of 6,480, situated on a 1.03-acre lot. The acquisition is part of a growing portfolio in one of the fastest-growing markets in North Texas.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 717 Tower Lane
- Market: McKinney
- Buyer: Cole Horowitz & Jon Birnbrey
- Seller: Jon Soliday
- Broker: Joseph Cooper & Katrina Kieu
- Asset Type Size: 6,480 square feet
The deal involved buyers Cole Horowitz and Jon Birnbrey, representing Rockbrook Equity, who expressed their enthusiasm regarding the acquisition. Jon Soliday was the seller, representing Southland Stucco & Masonry, L.P. The transaction was facilitated by brokers Joseph Cooper and Katrina Kieu of Partners Real Estate Group. The buyers mentioned their ongoing focus on the McKinney market and their plans to expand their industrial portfolio in the region.
On the Map
Industrial
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93