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
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