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801 Harry Mckillop Boulevard

CBRE Investment Management Acquires 480614 Square Foot Industrial Property In McKinney From Transwestern Development Co
SOLDIndustrial

CBRE Investment Management Acquires 480614 Square Foot Industrial Property In McKinney From Transwestern Development Co

801 Harry Mckillop Boulevard

Building Size

480,614 SF

Asset Type

Industrial

Closing

Oct 16, 2024

AI

An industrial property consisting of 480,614 square feet located at 801 Harry McKillop Boulevard in McKinney, Texas, part of the McKinney National Business Park, was sold. The asset was previously owned by Transwestern Development Co. and has now been acquired by CBRE Investment Management.

Summary of transaction details:

Newmark facilitated the transaction involving the selling and buying parties, highlighting the roles of Caroline Wilson, Dom Espinosa, Dustin Volz, Jack Fraker, Stephen Bailey, and Zach Riebe as the brokers representing the deal.

Players

Stephen Bailey

Newmark

Broker

$323.3M

vol

48 deals

Broker

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