5601 Virginia Parkway, Mckinney, TX 75071 - MLS#20272378

Mckinney, TX 75071,5601 Virginia Parkway

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Linda Peterson

[email protected] +1(817) 829-3000

$4,000,000

Est. payment - /mo

1.15 Acres Lot

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UPDATED:

11/22/2024 04:28 PM

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Subdivision Joplin Acres

MLS Listing ID 20272378

Total Fin. Sqft 11187

Year Built 2000

Annual Tax Amount $42,988

Lot Size 1.150 Acres

Acres 1.15

Property 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.

Location

State TX

County Collin

Zoning Office / Medical

Direction East on Virginia from Ridge. Property on the right.

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Carpet

Heat Source Central, Electric

Exterior

Utilities Available City Sewer, City Water

Roof Type Composition

Garage No

Building

Foundation Slab

Structure Type Brick,Stone Veneer

Others

Ownership Earth to Moon Realty LLC

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Renee Hudson • RE/MAX Associates of Mansfield

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Linda Peterson

+1(817) 829-3000

Broker Associate - Realtor | License ID: 0386837

Broker Associate - Realtor License ID: 0386837