Workplace Hospitality Management Leases Office Space In McKinney
300 East Davis Street, McKinney, Texas 75069, United States
Building Size
21,000 SF
Asset Type
Office
Closing
Feb 24, 2022
About this deal
AI
The property involved in this transaction is an office space located at 300 East Davis Street in McKinney. The property has a total square footage of 21,000.
Summary of transaction details:
- Property Type: Office
- Transaction Date: 02/25/2022
- Address: 300 East Davis Street
- Market: McKinney
- Asset Type: Office
- Square Footage: 21,000 SF
The landlord of the property is Dan Doyon, representing Workplace Hospitality Management. Nathan Durham from Newmark represented the landlord in this transaction. Robert Creamer from 7 Streams Commercial Group acted as the tenant's representative.
On the Map
Office
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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