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3001 S Central Expy, McKinn...

Tabani Group Acquires Retail Property On South Central Expressway In McKinney, TX
SOLDRetail

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

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

Adam Howells

JLL

Broker

$30.5M

vol

16 deals

Broker
TG
Tabani GroupBuyer

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