5601 Virginia Parkway
McKinney, TX 75071

$4,100,000

Sq. Ft.: 11,187
Type: Commercial
Listing #20272378
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.
Property Features
Location Information
County: Collin
Subdivision: Joplin Acres
Interior Features
Has Fireplace: No
Heating: Central, Electric
Cooling: Central Air, Electric
Floors: Carpet
Tenant Pays: All Utilities, Common Area Maintenance, Insurance, Taxes
Total Number of Units: 6
Exterior Features
Construction: Brick, Stone Veneer
Foundation: Slab
Roof: Composition
Water / Sewer: Sewer Available, Water Available
Utilities: Sewer Available, Water Available
Parking Description: Parking Lot
Lot Size in Acres: 1.15
Lot Size in Sq. Ft.: 50,094
Zoning: Office / Medical
Building Total Area (Sq. Ft.): 11,187
Is One Story: No
Additional Information
Year Built Details: Preowned
Property Type: COM
Property SubType: Office
Year Built: 2000
Status: Active
Tax Annual Amount: 42988.0
Lot Acres Source: Public Records


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
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Interest Rate
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Down Payment
$
List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing courtesy of
Renee Hudson, RE/MAX Associates of Mansfield
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NTREIS - North Texas data last updated at May 18, 2024 8:47 PM CT