5601 Virginia Parkway,McKinney, TX 75071
McKinney, TX 75071
Description
100% LEASED AT CLOSING WITH MASTER LEASE IN PLACE!!! 7.25% CAP! REMAX Associates is pleased to present The Virginia Center, a 11,116 SF office building in McKinney, TX. The Virginia Center consists of a 2 building multi-tenant office space situated on approximately 1.15 acres. Built in 2000, the Property features wood framed construction and an ample parking ratio of 4.45 per 1,000 SF. The building is currently occupied by 4 tenants, providing an excellent opportunity to add value through leasing the additional 2 units. Front units 1 and 1A are currently vacant and advertised as for lease for $20 a sqft plus $8 NNN. Owner will master lease the 2 units for 6 months. The Property is ideally-located just east of Ridge Rd, with quick access to HWY 380, US 75, and numerous nearby amenities.
Details
| MLS# | 20272378 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2000 |
| Days On Site | 783 |
| Listing Provided By | RE/MAX Associates of Mansfield | Renee Hudson |
Features
| SQ Feet | 11,187 |
|---|---|
| Story(s) | 1 |
| Units | 6 |
| Zoning | Office / Medical |
| Acreage | 1.15 |
Market Activity 75071
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Learn More About This Property
| State | TX |
|---|---|
| County | Collin |
| City | McKinney |
| Zip Code | 75071 |
| Area | Collin |
| Community Name | Joplin Acres |
| Listing VS Median (in Joplin Acres) | |
Price: $4,000,000 low | high Med: $18 SqFt: 11,187 low | high Med: 1,686 $ / SqFt: $358 low | high Med: $0 On site: 783 low | high Med: 515.000000 | |