901 N Central Expy SB - Hospitality FOR SALE


McKinney, TX 75069- Allen/McKinney
$10,900,000 USD
713-955-0012
901 N Central Expy SB, McKinney, TX for Sale
$10,900,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

901 N Central Expy SB
McKinney, TX 75069
Allen/McKinney


HIGHLIGHTS

  • Currently under construction and will be delivered to new ownership turn-key or upon issuance of the Certificate of Occupancy (CO).
  • The property benefits from its strategic location along U.S. Highway 75, near a multitude of demand generators.
  • McKinney has led the way in sustainable developments, and its historic business district is one of the largest and most successful in the state.
  • The DFW Metroplex is home to numerous Fortune 500 company headquarters including ExxonMobil, J.C. Penney, and American Airlines, among others.
  • Based on HVS pro-forma projections, stabilized rooms revenue is anticipated to exceed $3.0 million, with an NOI flow-through of over $1,000,000.
  • Upon acquisition and approval, an investor can expect a new, 20-year franchise license agreement with IHG.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=145132 HVS, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 95-key avid Hotel Dallas-McKinney, an under-construction, limited-service hotel asset in the historically strong city of McKinney, located 30 miles north of Downtown Dallas. The hotel is expected to open Summer 2025 and will be delivered to new ownership turn-key or upon issuance of the Certificate of Occupancy (CO). PRICE REDUCTION: $10,900,000 Ownership is motivated to sell the property and has agreed to reduce the price to $10,900,000, or $114,737 per key. Please email frawashdeh@hvs.com for more details.

FOR SALE DETAILS

PRICE

$10,900,000 USD

PRICE/SF

$262 USD /SF

# OF ROOMS

95

PRICE/ROOM

$114,737 {currency}

CAP RATE

Request Cap Rate

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

avid hotel Dallas North - McKinney

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2025

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

78,007 SF

ZONING

C3

APN/PARCEL ID

R-9405-00A-005R-1

ASK ABOUT THIS PROPERTY

713-955-0012

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713-955-0012

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