5601 Virginia Pkwy Active Save Request In-Person Tour Request Virtual Tour
Mckinney,TX 75071
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 11,187 sqft
Price per Sqft $339
Subdivision Joplin Acres
MLS Listing ID 20272378
HOA Y/N No
Year Built 2000
Annual Tax Amount $42,988
Lot Size 1.150 Acres
Acres 1.15
Property Sub-Type Office
Property Description
100% LEASED AT CLOSING WITH MASTER LEASE IN PLACE!!! 7.63% 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 $17 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
Inclusions Land & Improvements
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Sewer Available,Water Available
Water Access Desc Public
Roof Type Composition
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Others
Tax ID R419000A00301
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20272378