CoSol Commercial Real Estate Represents Buyer in McKinney Retail Property Sale
CoSol Commercial Real Estate represented the buyer in the sale of a 17,740 SF retail property in McKinney, TX.
CoSol Commercial Real Estate recently represented the buyer in the sale of a 17,740 SF retail property located at 3041 S Custer Rd in McKinney, TX. The property was sold by Tim Axilrod and SHOP Cos. The sale closed on May 20, 2022.
The property is located in McKinney, a city in Collin County, TX. McKinney is part of the Dallas-Fort Worth metroplex and has a population of approximately 200,000 people. The property is situated on a 1.6-acre lot and was built in 2006. It is currently fully leased to multiple tenants.
The buyer was represented by CoSol Commercial Real Estate, a full-service commercial real estate firm based in Dallas, TX. The seller was represented by Tim Axilrod and SHOP Cos., a commercial real estate brokerage firm based in Dallas, TX.
The sale price for the property was not disclosed, but according to public records, the property was last sold in 2015 for 3.5 million. The property is currently assessed at 4.2 million, according to the Collin County Appraisal District.
The sale of this property is indicative of the strong demand for retail properties in the Dallas-Fort Worth metroplex. Despite the challenges faced by the retail sector in recent years, the Dallas-Fort Worth area has remained a strong market for retail properties. This is due in part to the area’s strong population growth and robust economy.
Overall, the sale of this property represents a successful transaction for all parties involved. The buyer was able to acquire a fully leased retail property in a strong market, while the seller was able to achieve a successful exit from the property. The brokers involved in the transaction were able to facilitate a successful sale and earn a commission on the transaction.