MLS # 20272378, Listed by Renee Hudson with RE/MAX Associates of Mansfield | 817-473-7700 | Active
5601 Virginia Parkway is a $4,000,000, 11,187 square foot home on a 1.15 acre lot located in Mckinney, TX.
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.
| Cooling Types | Central Air Electric |
| Heating Types | Central Electric |
| Parking Types | Parking Lot |
| Exterior Features | Tenant All Utilities Common Area Maintenance Insurance Taxes City Sewer City Water |
| Roof | Composition |
| Construction Types | Brick Stone Veneer Carpet Slab |
| Land Type | No |
| Property Type | Commercial Sale |
| Property Sub Type | Office |
| Style | Medical Office Medical Professional Office |
| Year Built | 2000 |
| HOA Fee | $0.00 |
| County | collin |
| Neighborhood | Joplin Acres |
| Financial Terms | Cash Conventional |
The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. Data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. Data last updated 07/27/2024 at 12:32am CDT.
