5601 Virginia PkwyMcKinney, TX 75071

For Sale
$4,000,000
Prime McKinney office, 1.15 acres, 100% leased.

Overview

Added:
Feb 3
Days on market:
71
This exceptional 11,187 square foot office building in McKinney, Texas, presents a compelling investment opportunity. Situated on a 1.15-acre lot, this multi-tenant property boasts a desirable location just east of Ridge Road, providing convenient access to major thoroughfares like Highway 380 and US 75. Built in 2000, the building features wood-framed construction and ample parking, with a ratio of 4.45 spaces per 1,000 square feet. Currently, the property is 100% leased at closing, with a master lease in place for six months, ensuring immediate cash flow. The property comprises two buildings, currently occupied by four tenants. Two vacant units (1 and 1A) are available for lease at $20 per square foot, plus $8 in NNN expenses. This presents a strong potential for increased revenue through additional leasing. The 7.25% capitalization rate makes this a highly attractive investment for those seeking a stable, income-producing asset in a thriving McKinney location. The property's strategic location and strong tenant occupancy make it an ideal addition to any commercial real estate portfolio. The existing lease structure minimizes vacancy risk, offering a secure and profitable investment opportunity.

Property Details for 5601 Virginia Pkwy

Property type
Office properties
Square Feet
11,187 SF
Year Built
2000
Lot Size (sq. ft)
50,094 SF

Location Insight

City
McKinney
County
Collin
State
Texas
Latitude
33.19823
Longitude
-96.69127
5601 Virginia Pkwy, McKinney, Texas

FAQs

What type of property is this?
Office property - Prime McKinney office, 1.15 acres, 100% leased.
Where is the office property located?
The property is located at 5601 Virginia Pkwy McKinney, TX.
What is the asking price?
The asking price for this property is $4,000,000.
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5601 Virginia Pkwy
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