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300 Davis St, McKinney, TX,...

Review Wave Leases 21000SF Office Space At 300 Davis St In McKinney
LEASEDOffice

Review Wave Leases 21000SF Office Space At 300 Davis St In McKinney

300 Davis St, McKinney, TX, 75069

Building Size

21,000 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

The property involved in the lease transaction is located at 300 Davis St, McKinney, TX, 75069. It is a 55,364-square-foot, three-story Class A creative office building built in 2018. The building offers modern amenities such as conferencing areas, a workout facility, and full kitchens on each floor. The lease transaction with Review Wave for 21,000 square feet has led to full occupancy of the building.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant: Review Wave
  • Landlord: Workplace Hospitality Management
  • Tenant's Rep: Robert Creamer(7 Streams Commercial Group)
  • Landlord's Rep: Nathan Durham(Newmark)

Nathan Durham from Newmark represented the landlord, Dan Doyon of Workplace Hospitality Management, in the lease transaction. On the other side, Robert Creamer from 7 Streams Commercial Group acted as the tenant's representative for Review Wave, a California-based patient experience marketing platform.

Players

Nathan Durham

Newmark

Broker

6 deals

Broker
WM
Workplace Hospitality ManagementLandlord

McKinney Office Market Snapshot

Boundary boundary · Office · Lease 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