3060 Communications Pkwy Plano, TX 75093
- Office Properties & Spaces
- 1,721 SF
- 0.04 lot acres
Current Use by Public Records
- Walter Loyola, MD / Neurosurgeon
- Shalen Philip R MD / Radiologist
- dairy queen, st jo / Restaurant
- Senior Wyze Senior Care & Assisted Living Plano TX / Senior Citizen Center / Assisted Living Facility
- Infinix Global Meetings & Events / Meeting Planning Service / Business To Business Service
Property Details for 3060 Communications Pkwy
- Year built
- 2003
- Lot size
- 0.04 lot acres
- Property size
- 1,721 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a 1,721 square foot updated medical office condo located at 3060 Communications Parkway, Unit 204, Plano, TX. Situated on a 0.04-acre lot, this property boasts a strong 7.3% cap rate, secured by a 9-year lease with a highly reputable, AAA-rated tenant. The lease includes a favorable 4% annual escalation clause, providing significant long-term growth potential. The building is part of a highly desirable medical office complex in Plano, ensuring excellent visibility and accessibility. This cash-flowing asset represents an unparalleled investment opportunity in a prime location. The current tenant occupies the entire 1,721 square foot space, offering stability and predictable income. The 9-year lease term, coupled with the annual escalation, minimizes vacancy risk and maximizes return on investment. Given the strong tenant, favorable lease terms, and prime location, this property is expected to generate substantial passive income for years to come. Don't miss this chance to acquire a high-yield, low-risk investment in the thriving Plano medical market. This property is priced at $1,200,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Plano
- County
- Collin
- State
- Texas
- Longitude
- -96.832
- Latitude
- 33.0422
