1400 Coit Rd McKinney, TX 75071
- Office Properties & Spaces
- 2,716 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1400 Coit Rd
- Year built
- 2018
- Property size
- 2,716 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 2,716 square foot office condo presents a compelling investment opportunity. Located in McKinney, Texas, at 1400 N Coit Rd, 75071, within the Crescent Parc office complex, this single-tenant property boasts a strong 7.09% cap rate and a substantial NOI of $77,949. The current lease, a triple-net (NNN) agreement, has approximately three years remaining, commencing October 1, 2024, with a 2.5% annual rent increase. Built in 2018, this one-story building features a modern design with 12-foot ceilings, a full security system with surveillance, and dual-zone HVAC. The functional layout includes a reception area, ten private offices, a conference room, copy room, break room, four storage closets, and two ADA-compliant bathrooms. The property is zoned F1 Commercial and enjoys a central location, offering easy access to McKinney, Prosper, and Frisco. This turnkey investment is 100% occupied, providing immediate cash flow and long-term stability. The asking price is $1,100,000, translating to $405.01 per square foot.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McKinney
- County
- Collin
- State
- Texas
- Longitude
- -96.7659
- Latitude
- 33.2139
