Banyan LP & Vivek Sinha Sell Retail Asset In McKinney Texas With Tim Axilrod And Craig Taylor
Virginia Pkwy
Building Size
17,978 SF
Asset Type
Retail
Closing
Jan 14, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 3791 and 3801 Virginia Parkway, known as the Shoppes at Virginia, situated in McKinney, Texas. This asset encompasses a total square footage of 17,978. The seller of the property is Banyan LP alongside Vivek Sinha.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 3791 and 3801 Virginia Parkway
- Market: McKinney, Texas
- Square Footage: 17,978
- Seller: Banyan LP & Vivek Sinha
- Buyer's Representative: Craig Taylor - Ackerman & Co
- Seller's Representative: Tim Axilrod - SHOP Companies
This transaction was represented by Craig Taylor from Ackerman & Co for the buyer and Tim Axilrod from SHOP Companies for the sellers, showcasing the active participation of brokerage firms in facilitating the deal.
On the Map
Retail
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Players
Mc Kinney 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