McKinney Shopping Center Leased At 2775 S. Central Expressway McKinney Retail
2775 S Central Expy, McKinney, TX 75069, USA
Building Size
151,270 SF
Asset Type
Retail
Closing
Aug 23, 2020
About this deal
AI
The retail property located at 2775 S. Central Expressway in McKinney has been leased. The property spans a total of 15,127 square feet, providing ample space for retail activities. The lease transaction was completed on August 24, 2020. The property is part of the McKinney Shopping Center.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 08/24/2020
- Address: 2775 S. Central Expressway
- Market: McKinney
- Square Footage: 15,127
Philip Levy, representing Marcus & Millichap, played a key role as the broker in facilitating the lease transaction of the retail property.
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