About 5601 Virginia Parkway
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.
Features of 5601 Virginia Parkway
| MLS® # | 20272378 |
|---|---|
| Price | $4,100,000 |
| Bathrooms | 0.00 |
| Acres | 1.15 |
| Year Built | 2000 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 5601 Virginia Parkway |
|---|---|
| Subdivision | Joplin Acres |
| City | McKinney |
| County | Collin |
| State | TX |
| Zip Code | 75071-5533 |
Amenities
| Utilities | City Sewer, City Water |
|---|---|
| Garages | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central, Electric |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1 |
Exterior
| Roof | Composition |
|---|---|
| Construction | Brick, Stone Veneer |
| Foundation | Slab |
Financial Information
| Tax Unexempt | $42,988 |
|---|
Additional Information
| Zoning | Office / Medical |
|---|
Listing Details
| Agent | Renee Hudson |
|---|---|
| Office | RE/MAX Associates of Mansfield |
| Contact Info | 817-473-7700 |