Nicolas Barbara Purchases Retail Property From Joe Lansden In McKinney For $3.36M
1820 West University Drive
$3,360,000
$612/SF
Building Size
5,489 SF
Asset Type
Retail
Closing
Nov 19, 2025
AI
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
McKinney Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.72%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93