For Sale
$1,200,000

3060 Communications PkwyPlano, TX 75093

High-Yield Medical Office, 9-Year Lease

Overview

Added:
Feb 3
Days on market:
63
This exceptional investment opportunity presents a 1,721 square foot updated medical office condo located at 3060 Communications Parkway, Unit 204, Plano, TX. Situated on a 0.04-acre lot, this property boasts a strong 7.3% cap rate, secured by a 9-year lease with a highly reputable, AAA-rated tenant. The lease includes a favorable 4% annual escalation clause, providing significant long-term growth potential. The building is part of a highly desirable medical office complex in Plano, ensuring excellent visibility and accessibility. This cash-flowing asset represents an unparalleled investment opportunity in a prime location. The current tenant occupies the entire 1,721 square foot space, offering stability and predictable income. The 9-year lease term, coupled with the annual escalation, minimizes vacancy risk and maximizes return on investment. Given the strong tenant, favorable lease terms, and prime location, this property is expected to generate substantial passive income for years to come. Don't miss this chance to acquire a high-yield, low-risk investment in the thriving Plano medical market. This property is priced at $1,200,000.

Property Details for 3060 Communications Pkwy

Property type
Office properties
Square Feet
1,721 SF
Year Built
2003
Lot Size (sq. ft)
1,742 SF

Location Insight

City
Plano
County
Collin
State
Texas
Latitude
33.04216
Longitude
-96.83205
3060 Communications Pkwy, Plano, Texas

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3060 Communications Pkwy
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