Marcus & Millichap Capital Corporation Arranges $5.07 Million Loan for Class A Retail Property in McKinney, Texas
Marcus & Millichap Capital Corporation (MMCC) has secured a $5.07 million loan for the acquisition of a Class A retail property in McKinney, Texas, anchored by a medical clinic and a dollar store.
In a recent deal, Marcus & Millichap Capital Corporation (MMCC) successfully arranged a $5.07 million loan for the acquisition of a Class A retail property in McKinney, Texas. The property, built in 2020, is anchored by a medical clinic and a dollar store, making it an attractive investment opportunity in the thriving retail market of McKinney.
Located near two major highways with easy access to Dallas and Fort Worth, the property’s prime location adds to its appeal. McKinney, known for its strong economic growth and vibrant community, has become a sought-after market for commercial real estate investments.
The loan, secured by MMCC’s Houston office, was provided to a long-term client with favorable terms. The client, whose identity remains undisclosed, recognized the potential of the property and sought financing to acquire it.
Adam Pike, a representative from MMCC’s Houston office, played a crucial role in facilitating the loan. With his expertise in commercial real estate financing, Pike ensured that the terms of the loan were favorable for the client, allowing them to make a sound investment.
The Class A retail property offers a range of benefits to potential investors. Its anchor tenants, the medical clinic and dollar store, provide stability and attract a steady flow of customers. The property’s modern construction, completed in 2020, ensures that it meets the highest standards of quality and functionality.
Furthermore, the property’s proximity to major highways offers excellent visibility and accessibility, enhancing its potential for success. The strategic location allows for easy commuting and draws customers from nearby areas, contributing to the property’s long-term viability.
McKinney’s retail market has experienced significant growth in recent years, driven by a thriving local economy and a growing population. The city’s strong job market and high quality of life make it an attractive destination for businesses and residents alike. As a result, the demand for retail space in McKinney has been steadily increasing, creating favorable conditions for investors.
The successful arrangement of the $5.07 million loan by MMCC demonstrates their expertise in commercial real estate financing. By securing favorable terms for their long-term client, MMCC has once again showcased their ability to facilitate successful transactions in the competitive real estate market.
Overall, the acquisition of this Class A retail property in McKinney, Texas, represents a promising investment opportunity. With its prime location, stable anchor tenants, and favorable financing, the property is well-positioned for long-term success. As the retail market in McKinney continues to thrive, investors can expect to reap the benefits of this strategic acquisition.