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5601 Virginia Pkwy McKinney, TX 75071

Sponsored
For Sale
$4,000,000

Prime McKinney office, 1.15 acres, 100% leased.

Property size:
11,187 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
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 Features for 5601 Virginia Pkwy

General Information

Property type
Office Properties & Spaces
Square Feet
11,187 SF
Lot Size
50,094 SF

Building Details

Year Built
2000

Property Profile Location Intelligence

Current Use by Public Records

MyStoneBridgeDentist.com Dentist Masha Shturman, DDS Dentist Visiting Nurse Association ... Hospice Family & Cosmetic Dentistry Dentist Pure Roofing McKinney Roofing Contractor

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
McKinney
County
Collin
State
Texas
Longitude
-96.69127
Latitude
33.19823

FAQs

What type of property is this?
Office Property / Space - Prime McKinney office, 1.15 acres, 100% leased.
Where is this office property / space 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.
More about this property
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