facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Lease

/

300 East Davis Street, McKi...

Workplace Hospitality Management Leases Office Space In McKinney
LEASEDOffice

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

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.

Players

Nathan Durham

Newmark

Broker

6 deals

Broker
WM
Workplace Hospitality ManagementLandlord

McKinney Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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