5601 Virgina Parkway
Office | 11,116 SqFt
Marketing description
Marcus & Millichap Real Estate Investment Services is pleased to offer for sale a fee simple ownership interest in 5601 Virginia Parkway in McKinney, Texas. The property is currently 66 percent occupied with medical tenants and producing a substantial net operating income along with a vacant space to increase revenue for the savvy investor. Currently, there are two suites available for immediate use, including 2,000 square feet and 1,686 are available for a buyer wishing to occupy the space and receive rental income from surrounding tenants.
The subject property was built in 2000 for medical office use and contains a total of 11,116 square feet of rentable space. The property is priced well below replacement cost and situated minutes from Central Expressway and Baylor Scott & White Medical Center. The property is surrounded by mature neighborhoods, elementary schools and local retail.
This office boasts a high historical occupancy. This unique investment opportunity will be attractive to both the investor buyer and owner/user buyer.
Investment highlights
- Perfect Owner/User Opportunity
- Located in an Office Park with Historical High Occupancy
- 2,000 and 1,600 Square Feet Available for Lease or Occupy
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