Current Use by Public Records
- Gautam Bhimidi Reddy / Physician
- Expert Global Solutions, Inc. / Corporate Office
- Cortica / Medical Clinic
- Action Behavior Centers - ABA Therapy for Autism / Pediatrician
- Medfinity Health Plano / Physician
Property Details for 5085 Park Blvd
- Year built
- 2000
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This single-story, 84,825-square-foot Class B medical office building in Plano, Texas, presents a compelling owner-user opportunity. Built in 2000, the property features eight units across one building, currently 57% occupied by five tenants with approximately five years remaining on their leases, offering immediate income potential. The net lease structure allows for potential rent bumps and mark-to-market renewals. The building boasts timeless architecture, dedicated HVAC, direct accessibility, and limited common space, resulting in lower operating costs compared to high-rise alternatives. Ample parking is provided at a ratio of 4.5 spaces per 1,000 square feet. Situated on W Park Blvd in Collin County, the property enjoys a prime location with convenient access to major thoroughfares like Preston Road, the Dallas North Tollway, and Legacy, offering walkability to nearby amenities. The building's design incorporates a common courtyard, providing access to green space. This presents an excellent investment opportunity in a rapidly growing area of Plano, a highly sought-after location within the DFW metroplex. Up to 36,000 square feet is available for an owner-occupant.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Plano
- County
- Collin
- State
- Texas
- Longitude
- -96.7982
- Latitude
- 33.0303
