Active
5601 Virginia Parkway
Mc Kinney TX, 75071
$4,100,000
$366.50 per sqft
Active
11,187 sqft
Commercial
Built in 2000
100% LEASED AT CLOSING WITH MASTER LEASE IN PLACE!!! 7.1% 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.
20272378
MLSⓇ ID
April 10, 2024
Updated
Map
5601 Virginia Parkway
Mc Kinney TX, 75071
Interior Features
Total Stories
1
Floor Description
Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Electric
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Lot Size
1.15 Acres
Roof
Composition
Sewer
Public Sewer
Other Property Details
Taxes
$42,988
Tax Frequency
Annually
Garage
No
Parking
Parking Lot
View
No
County
Collin
Water Source
Public
Pool
No
Buyer Agency Compensation
3%
Listed by Renee Hudson with RE/MAX Associates of Mansfield
Listing Contact: 817-473-7700
The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 4/10/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 North Texas Real Estate Information Systems, Inc. all rights reserved.
Data last updated on 4/10/2024 at 10:55 PM UTC