Class B Medical Office
2760 Virginia Parkway McKinney, TX 75071
For Sale
Contact for pricing
8,497 SF Class B medical office building leased 100% to two tenants under new five-year triple-net terms.
Property Size8,497 SF
Price / SF$408.03
Days on Market71
Property Features for 2760 Virginia Parkway
General Information
- Standard status
- Active
- Size
- 8,497 SF
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing Agency:
Marcus & Millichap - Dallas
(512) 338-7800
Listed By:
Philip Levy · License #TX 522087
Source:
Crexi
Added: May 14
Changed: Jul 23
Last Checked: Jul 23 at 4:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
This 8,497-square-foot Class B medical office building is designed to serve professional medical or office tenants. The property is 100% leased to ACES Autism Therapy Center (61% of the GLA) and Lockhart Matter Dermatology (39% of the GLA). Both tenants are on new five-year, triple-net lease terms featuring annual rent increases.
The building offers frontage and visibility along Virginia Parkway in a dense commercial and medical corridor in McKinney, Texas. It is described as having strong daily traffic with over 25,000 vehicles passing the site, and it is easily accessible from major roads and highways. The property is approximately 0.71 miles from the Medical Center Drive corridor and about 1.15 miles west of North Central Expressway (US-75).
The building offers frontage and visibility along Virginia Parkway in a dense commercial and medical corridor in McKinney, Texas. It is described as having strong daily traffic with over 25,000 vehicles passing the site, and it is easily accessible from major roads and highways. The property is approximately 0.71 miles from the Medical Center Drive corridor and about 1.15 miles west of North Central Expressway (US-75).
Key Highlights
- 8,497 SF Class B medical office building built in 2001
- 100% leased to ACES Autism Therapy Center (61% of GLA) and Lockhart Matter Dermatology (39% of GLA)
- Both tenants are on new five‑year triple‑net lease terms with annual rent increases
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $203.9k | $24.00 |
| − Vacancy | −$20.4k | −$2.40 |
| EGI | $183.5k | $21.60 |
| − OpEx | −$73.4k | −$8.64 |
| NOI | $110.1k | $12.96 |
8,497 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.57M
$1.38M – $1.84M
NOI $110,121 @ 7.0% cap · market cap 3.18%
Second Best
Office B
$1.56M
$1.36M – $1.82M
NOI $109,158 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,221 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gurgulescu Daniella
Employment Agency
Showalter Tiffani D
Employment Agency
Dermatology & Skin Surgery
Physician
Dr.Gina G Harney, ...
Physician
Vicki L Seidmeyer, ...
Pediatrician
Similar Off Market Nearby
- Animal Medical Center of McKinney — 201 Jordan Rd, McKinney, TX 75072
- Animal Medical Center — 201 Jordan Rd, McKinney, TX 75072
FAQs
What type of property is this?
Medical Office Space - 8,497 SF Class B medical office building leased 100% to two tenants under new five-year triple-net terms.
Where is this medical office space located?
The property is located at 2760 Virginia Parkway McKinney, TX.
What is the asking price?
The asking price for this property is $3,467,000.
What are key features of this property?
This property features: 8,497 SF Class B medical office building built in 2001; 100% leased to ACES Autism Therapy Center (61% of GLA) and Lockhart Matter Dermatology (39% of GLA); Both tenants are on new five‑year triple‑net lease terms with annual rent increases
