McKinney, TX 75071 5601 Virginia Parkway
$4,000,000
10 more
Presented By: Renee Hudson with RE/MAX Associates of Mansfield; 817-473-7700
SQFT • 11,187
Home Details
100% LEASED AT CLOSING WITH MASTER LEASE IN PLACE!!! 7.25% 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.
Presented By: Renee Hudson with RE/MAX Associates of Mansfield; 817-473-7700
Interior Features for 5601 Virginia Parkway
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringCarpet
Heating Y/NYes
Total Stories1
General for 5601 Virginia Parkway
Additional Parcels Y/NNo
Attached Garage No
AttributionContact817-473-7700
Business TypeMedical, ProfessionalOffice
Carport Y/NNo
CityMcKinney
Construction MaterialsBrick, StoneVeneer
CoolingCentralAir, Electric
CountyCollin
DirectionsEast on Virginia from Ridge. Property on the right.
Electric On Property Y/NNo
Garage Y/NNo
Gross Income360260.0
HOANo
HeatingCentral, Electric
Home Warranty Y/NNo
Land Lease Y/NNo
Leasable Area3286.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionJOPLIN ACRES (CMC), BLK A, LOT 3
Lot Size Square Feet50094.0
Lot Size UnitsAcres
MobileHomeRemainsYNNo
ModificationTimestamp2024-11-22T16:29:24.470-00:00
Net Operating Income292444.0
New ConstructionNo
Number Of Units Total6
Occupancy TypeTenant
PossessionCloseOfEscrow
Possible UseMedicalDental, Office
Property Attached Y/NNo
Property Sub Type AdditionalOffice
Property SubtypeOffice
Property TypeCommercialSale
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Subdivision NameJoplin Acres
Tax Annual Amount42988.0
Tax Lot3
Tenant PaysAllUtilities, CommonAreaMaintenance, Insurance, Taxes
UtilitiesSewerAvailable, WaterAvailable
Virtual TourClick here
Waterfront Y/NNo
Year Built2000
Year Built DetailsPreowned
Zoning DescriptionOffice / Medical
Exterior for 5601 Virginia Parkway
Building Area Total11187.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
InclusionsLand & Improvements
Irrigation Water Rights Y/NNo
Lot Size Acres1.15
Lot Size Area1.15
Lot Size SourcePublicRecords
Open Parking Y/NNo
Parking FeaturesParkingLot
SpaNo
Water SourcePublic
Additional Details
Price History
