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

July 13, 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


Days on Market

76


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 7/13/2024. 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.

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Data last updated on 7/13/2024 at 6:41 PM UTC

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