214-294-4439
5068 W Plano Pky, Plano, TX for Sale
Office - FOR SALE
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null | Request Cap Rate

5068 W Plano Pky
Plano, TX 75093


HIGHLIGHTS

  • IMMEDIATE OCCUPANCY OF OVER 45,000 SQUARE FEET.
  • OPPORTUNITY FOR AN OWNER OCCUPANT.
  • AMENITY RICH SUBURBAN ENVIRONMENT and DYNAMIC LOCATION AMONGST OUTSTANDING DEMOGRAPHIC AREA.
  • VARIETY OF SPACE OPTIONS AND STRONG IN-PLACE CASH FLOW FROM ESTABLISHED TENANTS.

OVERVIEW

Younger Partners, as exclusive advisor, is pleased to present the opportunity to acquire Parkway Commons (the “Property”), a privately owned and maintained office buildings in flourishing Plano, TX. The Property offers 102,866 square feet of highly efficient, neighborhood office space that is 57% leased. Home to a diverse rent roll, the building is primarily designed for small and mid-size office / medical suites. Nestled amongst multi-family and medical developments along Plano Parkway, Parkway Commons is proximate to one of North Texas’ most significant residential populations. The nearby rooftops fuel demand in the building from customer facing service operators the feed off the neighborhood community. Located near the intersection of Plano Parkway and Preston Road, Parkway Commons is three turns from President George Bush Turnpike and the vast transportation network of greater DFW. Currently 57% leased, Parkway Commons offers two sizeable blocks of contiguous space that are well suited to an owner-occupant that wants to take control of their real estate needs and capitalize on the benefits of real estate ownership. Existing income, tax / depreciation value and long term land appreciation are just a few of the benefits to ownership. Available at a sizeable discount to replacement cost and an attractively low-cost basis, ownership can have a significant impact on overall income in the near term.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkway Commons

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

416

LAND DETAILS

LAND ACRES

6 AC

LAND SF

261,360 SF

ZONING

PD-203, Plano

APN/PARCEL ID

R1786703

ASK ABOUT THIS PROPERTY

Tom StrohbehnYounger Partners Dallas, LLCMore Info
214-294-4439

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Tom StrohbehnYounger Partners Dallas, LLCMore Info
214-294-4439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.