$4,000,000
( )
 $22,712 est/mo Sourced by Back At You

5601 Virginia Parkway , McKinney, TX 75071

McKinney, TX 75071

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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 TypeFor Sale
Sub-TypeResale
StatusActive
Year2000
Days On Site688
Listing Provided ByRE/MAX Associates of Mansfield | Renee Hudson

Features

SQ Feet11,187
Story(s)1
Units6
ZoningOffice / Medical
Acreage1.15

Market Activity 75071

All information provided by the seller and is deemed to be correct, but is not guaranteed. Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.

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Listings Checked: 1 minute ago
StateTX
CountyCollin
CityMcKinney
Zip Code75071
AreaCollin
Community NameJoplin Acres
Listing VS Median (in Joplin Acres)
Price:
$4,000,000
low | high
Med:
$18
100% of Average
SqFt:
11,187
low | high
Med:
1,686
100% of Average
$ / SqFt:
$358
low | high
Med:
$0
100% of Average
On Site:
688
low | high
Med:
420.000000
100% of Average
Sourced by Back At You
Listing Updated: January 10, 2025 at 6:57:27 PM PST