WEDGE Group Sells 90,892 SF Office In McKinney Represented By Wilson Stafford & John David Cobb
2150 South Central Expressway
Building Size
90,892 SF
Asset Type
Office
Closing
May 29, 2025
AI
The property asset involved in the transaction is located at 2150 South Central Expressway in McKinney. It is classified as an office asset with a total square footage of 90,892. The seller of the property is WEDGE Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2150 South Central Expressway
- Market: McKinney
- Asset Size: 90,892 SF
- Seller: WEDGE Group
- Broker Representatives: Wilson Stafford & John David Cobb - Edge Realty Partners
Wilson Stafford and John David Cobb represented the seller in this transaction through their association with Edge Realty Partners, facilitating the sale on behalf of WEDGE Group.
Players
McKinney Office Market Snapshot
Boundary boundary · Office · Sale 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