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
: Central Air, Electric
: Composition
: Parking Lot
: Carpet
Address Map
5601 Virginia Parkway, McKinney, Collin, Texas 750
US
TX
Collin
McKinney
Joplin Acres
75071
Virginia
5601
Parkway
0
W97° 18' 31''
N33° 11' 53.2''
MLS Addon
$0
No
$0
$0
: Brick, Stone Veneer
East on Virginia from Ridge. Property on the right.
No
$0
No
No
$0
Public Records
50094
No
$0
ntreis
R419000A00301
29/11/2023 09:01:53
15
No
1
$0
$0
$0
: City Sewer, City Water

5601 Virginia Parkway

McKinney Texas 75071

0 Bedrooms
0 Bathrooms
0 Sqft
$4,100,000
Listing ID #20272378
Basic Details
Property Title : 5601 Virginia Parkway
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 20272378
Price : $4,100,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 2000
Lot Area : 1.15 Acre
Status : Active
PropertySubType : Office
Agent info
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