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Property Description

100% LEASED AT CLOSING WITH MASTER LEASE IN PLACE!!! 7% 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.

Features
: Central, Electric
: Composition
: Brick, Stone Veneer
: Carpet
: Slab
Address Map
US
TX
Collin
McKinney
75071
5601
Virginia
Parkway
W97° 18' 31''
N33° 11' 53.2''
Additional Information
East on Virginia from Ridge. Property on the right.
: All Utilities, Insurance, Taxes, Common Area Maintenance
$42,988
: City Sewer, City Water
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Office / Medical
RE/MAX Associates of Mansfield
0642340

5601 Virginia Parkway

McKinney, Texas 75071

1.15 Acre
$4,100,000
MLS #20272378
Basic Details
Status : Active
Property Type : Commercial Sale
Lot Size : 1.15 Acre
Price : $4,100,000
Year Built : 2000
MLS : 20272378
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