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$4,000,000
Est. payment /mo
1.15 Acres Lot
UPDATED:
11/22/2024 04:28 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Joplin Acres
MLS Listing ID 20272378
Total Fin. Sqft 11187
Year Built 2000
Annual Tax Amount $42,988
Lot Size 1.150 Acres
Acres 1.15
Property Description
100% LEASED AT CLOSING WITH MASTER LEASE IN PLACE!!! 7.25% CAP! REMAX Associates is pleased to present The Virginia Center, a 11,116 SF office building in McKinney, TX. The Virginia Center consists of a 2 building multi-tenant office space situated on approximately 1.15 acres. Built in 2000, the Property features wood framed construction and an ample parking ratio of 4.45 per 1,000 SF. The building is currently occupied by 4 tenants, providing an excellent opportunity to add value through leasing the additional 2 units. Front units 1 and 1A are currently vacant and advertised as for lease for $20 a sqft plus $8 NNN. Owner will master lease the 2 units for 6 months. The Property is ideally-located just east of Ridge Rd, with quick access to HWY 380, US 75, and numerous nearby amenities.
Location
State TX
County Collin
Zoning Office / Medical
Direction East on Virginia from Ridge. Property on the right.
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet
Heat Source Central, Electric
Exterior
Utilities Available City Sewer, City Water
Roof Type Composition
Garage No
Building
Foundation Slab
Structure Type Brick,Stone Veneer
Others
Ownership Earth to Moon Realty LLC
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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©2024 North Texas Real Estate Information Systems.
Listed by Renee Hudson • RE/MAX Associates of Mansfield
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