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7300 Texas Highway 121

Cytracom Signs 30,000 Square Foot Lease At 7300 Texas Highway 121 In McKinney
LEASEDOffice

Cytracom Signs 30,000 Square Foot Lease At 7300 Texas Highway 121 In McKinney

7300 Texas Highway 121

Building Size

30,000 SF

Asset Type

Office

Closing

Oct 25, 2024

AI

The property asset involved in the transaction is an office located at 7300 Texas Highway 121 in McKinney, Texas. This office has a total square footage of 30,000 and is situated in the McKinney market. The transaction involves a lease agreement.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 7300 Texas Highway 121
  • Market: McKinney
  • Landlord: Craig International
  • Tenant: Cytracom
  • Broker: Kent Smith - NAI Robert Lynn

Cytracom has signed a lease for its new headquarters, which is positioned on the top floor of the property. The move is scheduled for January 2025, and Kent Smith from NAI Robert Lynn represented Cytracom in this lease transaction.

Players

Kent Smith

NAI Global

Broker

7 deals

Broker

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