Marcus & Millichap Arranges $5.07M Acquisition Loan For Retail Property In McKinney | 1620 South Hardin Boulevard | Adam Pike | Retail | Loan

Summary

Loan

TEXAS

Retail

15,163 sqft

A retail property located at 1620 South Hardin Boulevard in McKinney has been involved in a recent closed transaction. The property spans an area of 15,163 square feet.

Summary of transaction details

Property Type: Retail
Transaction Amount: $5,070,000
Market: McKinney

Adam Pike from Marcus & Millichap represented the parties involved in this acquisition loan. The loan amount for this transaction was $5,070,000. The loan is of the acquisition type and includes the following terms: an interest rate of 5.36%, a 25-year amortization period, a 12-month interest-only period, and stepdown prepayment.

Players

All
2

Agents
1
Agencies
1

Adam Pike

Associate Director

Marcus & Millichap

Details

Deal Summary

FINANCED

IMAGE: Adam Pike DATE: 04/27/2023 ADDRESS: 1620 South Hardin Boulevard MARKET: McKinney ASSET TYPE: Retail ~ SF: 15,163 BROKERS: Adam Pike (@Piker73) - Marcus & Millichap (@MarcusMillichap_Houston) LOAN AMOUNT: $5,070,000 LOAN TYPE: Acquisition Loan LOAN TERMS: 5.36%, 25 year amortization, 12 months IO, stepdown prepayment

View on map

Address1620 South Hardin Boulevard

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want