Nicolas Barbara Purchases Retail Property From Joe Lansden In McKinney For $3.36M
SOLD
$3,360,000
Texas
See Similar DealsRetail5,489 SF
Sold 11/20/2025
SOLD
Nicolas Barbara Purchases Retail Property From Joe Lansden In McKinney For $3.36M
1820 West University Drive
See Similar DealsRetail5,489 SF
Sold 11/20/2025
Summary
TEXAS
Asset Type:Retail
Price Per Square Foot:$612
Total Square Footage:5,489 SF
Transaction Type:Sale
This retail property located at 1820 West University Drive in McKinney has a total square footage of 5,489. The sale price recorded for this transaction is $3,360,000, translating to a price per square foot of $612.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,360,000
- Address: 1820 West University Drive
- Market: McKinney
- Square Footage: 5,489
- Price Per Square Foot: $612
- Buyer: Nicolas Barbara
- Seller: Joe Lansden
- Brokers: Ronnie Issenberg, Gabriel Britti & Ricardo Esteves - Marcus & Millichap
In this transaction, Nicolas Barbara acquired the property from seller Joe Lansden, with representation provided by brokers Ronnie Issenberg, Gabriel Britti, and Ricardo Esteves from Marcus & Millichap.
Players
BROKERAGE
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$179,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,937.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,928.11
Annual Debt Service$191,137.37
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