5601 Virginia Parkway, McKinney

$4,000,000

0 Beds
0 Baths
0 Sqft
1.15 Acres
0 Garages

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.

Essential Information
MLS® #20272378
Price$4,000,000
Bathrooms0.00
Acres1.15
Year Built2000
TypeCommercial Sale
Sub-TypeOffice
StatusActive
Community Information
Address5601 Virginia Parkway
SubdivisionJoplin Acres
CityMcKinney
CountyCollin
StateTX
Zip Code75071-5533
Amenities
UtilitiesCity Sewer, City Water
GaragesParking Lot
Interior
HeatingCentral, Electric
# of Stories1
Stories1
Exterior
RoofComposition
ConstructionBrick, Stone Veneer
FoundationSlab
Additional Information
ZoningOffice / Medical
Listing Details
AgentRenee Hudson
OfficeRE/MAX Associates of Mansfield
Property History
Price Reduced from $4,100,000 to $4,000,000
Price Reduced from $4,500,000 to $4,100,000

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Listing information last updated on November 25th, 2024 at 5:15am CST.

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