CoSol Commercial Real Estate Acquires Retail Asset In McKinney
3041 Custer Road, McKinney, Texas 75070, United States
Building Size
17,740 SF
Asset Type
Retail
Closing
May 19, 2022
AI
The retail property located at 3041 S Custer Rd in McKinney has been sold. The transaction took place on 05/20/2022 and the property encompasses approximately 17,740 square feet. The sale was facilitated by Tim Axilrod from SHOP Cos., who represented the seller. The buyer was assisted by CoSol Commercial Real Estate.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 3041 S Custer Rd, McKinney
- Market: McKinney
- Square Footage: 17,740
The seller's representative, Tim Axilrod from SHOP Cos., played a vital role in this transaction. On the buyer's side, CoSol Commercial Real Estate provided their expertise to ensure a successful purchase. This deal highlights their ability to navigate the retail real estate market in McKinney.
Players
McKinney Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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