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901 South Mcdonald Street

Birddog Ventures Purchases 94,000 SF Industrial Asset From Altus Equity Represented By Rich Young Jr
SOLDIndustrial

Birddog Ventures Purchases 94,000 SF Industrial Asset From Altus Equity Represented By Rich Young Jr

901 South Mcdonald Street

Building Size

94,000 SF

Asset Type

Industrial

Closing

Nov 7, 2024

AI

The property asset involved in the transaction is an industrial facility located at 901 South Mcdonald Street in McKinney, featuring a total square footage of 94,000. The sale was executed between Birddog Ventures as the buyer and Altus Equity as the seller, focusing on industrial real estate in the McKinney market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 901 South Mcdonald Street
  • Market: McKinney
  • Buyer: Birddog Ventures
  • Seller: Altus Equity
  • Broker: Rich Young Jr - Rich Young Company

Rich Young Jr of Rich Young Company represented the seller, Altus Equity, in this commercial real estate transaction, facilitating the exchange between the involved parties and ensuring a smooth sale process.

Players

Rich Young Jr

Rich Young Company

Broker

12 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