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
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