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2050 W University Dr, McKin...

US Army Corp Of Engineers Leases 6,100 SF Retail Space In McKinney From McKinney SH II
LEASEDRetail

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

Andrew Sudderth

Broker

1 deal

Broker

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