Hudson Lambert And Jennifer Pierson Represent Seller In Sale Of Retail Property In McKinney
4010 West University Drive
Building Size
8,022 SF
Asset Type
Retail
Closing
Dec 12, 2024
About this deal
AI
The property involved in the transaction is an 8,022-square-foot retail asset located at 4010 West University Drive in McKinney, Texas. The property is fully leased, enhancing its investment appeal within the local market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Footage: 8,022
- Address: 4010 West University Drive
- Market: McKinney
- Brokers: Hudson Lambert & Jennifer Pierson - STRIVE
Hudson Lambert and Jennifer Pierson represented the local developer seller in this transaction while also procuring the buyer. STRIVE facilitated the entire sale process for the property.
On the Map
Retail
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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