Marcus & Millichap Capital Corporation Arranges $5.07M Loan For McKinney Retail Property
McKinney
$5,070,000
Building Size
—
Asset Type
Retail
Closing
May 5, 2023
About this deal
AI
Marcus & Millichap Capital Corporation (MMCC) arranged a $5.07 million loan for the acquisition of a Class A retail property in McKinney, Texas. The property, built in 2020, is anchored by a medical clinic and a dollar store. It is conveniently located near two major highways, providing easy access to the Dallas and Fort Worth areas.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,070,000
- Market: McKinney
Adam Pike of Marcus & Millichap Capital Corporation's Houston office represented the long-term client in securing the favorable loan terms for this acquisition. With its prime location and strong tenant mix, the retail property presents a promising investment opportunity.
Players
Texas Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Browse Texas retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.13%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93