US Army Corp Of Engineers Leases 6,100 SF Retail Space In McKinney From McKinney SH II
2050 W University Dr, McKinney, TX 75071, Estados Unidos
Building Size
61,000 SF
Asset Type
Retail
Closing
Sep 23, 2020
AI
The retail property located at 2050 W. University Drive in McKinney has been leased. The tenant, US Army Corp of Engineers, has signed a lease agreement with McKinney SH II, the landlord. The property spans 6,100 square feet. The deal was facilitated by Jack Weir, Andrew Sudderth, and David Levinson from The Retail Connection.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned in the CONTEXT
The lease transaction involving 2050 W. University Drive in McKinney, which spans 6,100 square feet, has been finalized. The US Army Corp of Engineers will be occupying the retail property as the tenant. McKinney SH II, the landlord, negotiated the deal with the assistance of Jack Weir, Andrew Sudderth, and David Levinson from The Retail Connection.
Players
McKinney Retail Market Snapshot
Boundary boundary · Retail · 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