Tabani Group Acquires Retail Property On South Central Expressway In McKinney, TX
3001 S Central Expy, McKinney, TX, USA
Building Size
118,967 SF
Asset Type
Retail
Closing
Apr 14, 2020
About this deal
AI
A retail property located at 3001 South Central Expressway in McKinney has recently been sold. The property spans across 118,967 square feet and sits on 15.8 acres. The transaction took place on 04/14/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 3001 South Central Expressway
- Market: McKinney
- Size: 118,967 square feet
- Acres: 15.8
The buyer of the property is Tabani Group, represented by Zaffar Tabani and Zeshan Tabani. The sale was facilitated by brokers from JLL including Chris Gerard, Adam Howells, Barry Brown, Ryan Shore, Greyson Fewin, and Pauli Kerr.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93