McKinney, TX 75071 5601 Virginia Parkway

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Presented By: Renee Hudson with RE/MAX Associates of Mansfield; 817-473-7700
  • MLS# 20272378
  • 11/29/2023
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Home Details

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.
Presented By: Renee Hudson with RE/MAX Associates of Mansfield; 817-473-7700

Interior Features for 5601 Virginia Parkway

Other Interior Features

SQFT Gross11187
Lock Box TypeOther
FlooringCarpet
Total Stories1
Total Units6

General for 5601 Virginia Parkway

Building UseMedical, Office
Business TypeMedical, Professional Office
Ceiling Height8 to10 Feet, 11 to 14 Feet
CityMcKinney
Construction MaterialsBrick, Stone Veneer
CoolingCentral Air, Electric
CountyCollin
DirectionsEast on Virginia from Ridge. Property on the right.
Gross Annual Expenses67816.00
HeatingCentral, Electric
Number Of Leaseable Spaces6
Number Of Spaces Leased4
Occupant TypeTenant
PossessionClosing/Funding
Property SubtypeOffice
Property TypeCommercial Sale
RoofComposition
Standard StatusActive
StatusActive
Subdivision NameJoplin Acres
Tenant PaysAll Utilities, Common Area Maintenance, Insurance, Taxes
Unexempt Taxes42988
UtilitiesCity Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2000
Year Built DetailsPreowned
Zoning DescriptionOffice / Medical

Exterior for 5601 Virginia Parkway

Building Area Total11187.00
Foundation Slab
Lot Size1 to < 3 Acres
Lot Size Acres1.1500
Lot Size Area1.1500
Lot Size SourcePublic Records
Lot Size Square Feet50094.0000
Lot Size UnitsAcres
Parking FeaturesParking Lot

Additional Details

Price History

Tabitha Vargas

Tx Lic Realtor
Price $4,000,000
MLS#20272378
List Date 11/29/2023
Property Type Commercial
Phone 254.383.8267
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