17950 Preston Rd Dallas, TX 75252

This exceptional 10-story, Class A medical office building, Preston Plaza, presents a compelling value-add investment opportunity. Located in Dallas, Texas, at the prominent intersection of Preston and Frankford Roads in Collin County (zip code 75252), this 259,009 square foot property sits on a 6.29-acre lot and boasts a 36% occupancy rate. Built in 1986 and extensively renovated in 2020, the building features a modern design with floor-to-ceiling windows offering sweeping views. Amenities include a structured parking garage with 591 spaces and nearly 362 surface spaces (a 3.71 spaces per 1,000 square feet ratio), a conference center, food service, fitness facilities, and tenant lounges. The modified lease type and multi-tenancy structure offer flexibility. The property's prime location provides immediate walkability to over 40 restaurants, two country clubs, various shopping destinations, and a high-density residential area. The building's size allows for a variety of tenant sizes, from full floors to smaller suites, making it ideal for medical, dental, and quasi-retail uses. Currently bank-owned and offered as-is, this property presents a unique chance to capitalize on its potential and rebrand it as a premier office asset in North Dallas. The high traffic count of approximately 78,000 cars daily on Preston Road further enhances its visibility and desirability. This is a bank-owned foreclosure.