5601-5605 Virginia Pky - Medical FOR SALE


McKinney, TX 75071
$4,000,000 USD
817-473-7700
5601-5605 Virginia Pky, McKinney, TX for Sale
$4,000,000 USD
Medical - FOR SALE
1/13
null | 7.25% Cap Rate

5601-5605 Virginia Pky
McKinney, TX 75071


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$360 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,730 SF

ZONING

F3-C-McKinney

APN/PARCEL ID

R2087107

ASK ABOUT THIS PROPERTY

Renee HudsonRE/MAX Associates of MansfieldMore Info
817-473-7700

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Renee HudsonRE/MAX Associates of MansfieldMore Info
817-473-7700

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