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5601 Virginia Parkway

Mckinney, TX 75071
  • $4,100,000
  • STATUS: Active
  • ON SITE: 406 Days
  • MLS #: 20272378
$4,100,000
  • 0
    BEDS
  • 1.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2000
County:
Area:

School Ratings & Info

Offered by Renee Hudson of RE/MAX Associates of Mansfield: 817-473-7700.

Description

100% LEASED AT CLOSING WITH MASTER LEASE IN PLACE!!! 7.1% 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.

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© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices PenFed Realty Texas. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices PenFed Realty Texas are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-03T23:43:32.373.
www.rhodesteamtexas.com/homes/137486074
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5601 Virginia Parkway Mckinney, TX 75071

  • Price: $4,100,000
  • Status: Active
  • On Site: 406 Days
  • MLS #: 20272378
0
Beds
0
Baths
0
½ Baths
1.15
Acres
2000
Built
Neighborhood:
Joplin Acres
County:
Collin
Area:
Mckinney
Property Description
100% LEASED AT CLOSING WITH MASTER LEASE IN PLACE!!! 7.1% 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.
Exterior Features

Construction BrickStone Veneer Foundation Slab Lot Size Source Public Records Parking Or Garage Parking Lot Roof Composition

Interior Features

Ceiling Height 8 to10 Feet11 to 14 Feet Cooling Central AirElectric Flooring Carpet Handicap YN Yes Heating CentralElectric Sq Ft Gross 11187

Property Features

Building Area Source Public Records Building Area Total 11187.00 Building Use MedicalOffice Construction Status Preowned Gross Annual Expenses 67816.00 Gross Annual Income 360260.00 Leaseable Spaces 6 List MLSProvider Arlington Board Of Realtors Listing Terms CashConventional Multi Zoning No Municipal Utility District No Net Operation Income 292444 Possession Closing/Funding Property Type Office Tenant Pays All UtilitiesCommon Area MaintenanceInsuranceTaxes Transaction Includes Land & Improvements Unexempt Taxes 42988 Utilities City SewerCity Water Will Subdivide No Zoning Office / Medical

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices PenFed Realty Texas. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices PenFed Realty Texas are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-04-03T23:43:32.373.
 
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Berkshire Hathaway HomeServices PenFed Realty Texas
3624 Long Prairie Road, Suite 100
Flower Mound TX, 75022
Offered by Renee Hudson of RE/MAX Associates of Mansfield: 817-473-7700.