Listed by Rockhill Commercial Real Estate
$1,846,557
Crescent Parc - Three Property Portfolio
Details
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 4,131
Units 3
Cap Rate 6.50%
Occupancy 100%
Tenancy Multi
Price per SqFt $447
Class A
Year Built 2020
Buildings 2
Parking Spaces 4 per 1,000 sq ft
Investment Type Stabilized
Sale Condition 1031 exchange
Office | 6.50% CAP | 4,131 SqFt
Marketing description
Stabilized investment opportunity featuring three fully finished, high-end office and medical suites. Consistent income generation from a fully leased portfolio with high-quality medical, specialty, and office tenants.
Located within Crescent Parc, a synergistic 25-building office project off Coit Road in McKinney.
Premier Prosper location with seamless connectivity to Dallas North Tollway, Preston Road, and US Highway 380.
Surrounded by premier lifestyle amenities, including Gates of Prosper, Market Street, dining, retail, and PGA Headquarters.
Investment highlights
- Stabilized investment opportunity featuring three fully finished, high-end office and medical suites.
- Consistent income generation from a fully leased portfolio with high-quality medical, specialty, and office tenants.
- Strong tenant payment history, with no missed rent payments to date.
- Portfolio ownership provides a superior risk profile compared with individual unit ownership by diversifying income across medical, specialty, and general office uses.
- Attractive option for 1031 Exchange buyers seeking stable income and quality real estate in a desirable office setting.
- Tenant investment in significant fit-out costs demonstrates long-term commitment and helps mitigate ownership risk.
- Institutional-quality medical and office setting designed to support tenant retention and long-term income stability.
- Turnkey medical and office condominiums with high-end build-outs, reducing near-term capital exposure for ownership.
- Current lease runs through July 2028, providing the future owner with the opportunity to renew the existing tenancy or reposition the suite at market rental rates.
Listing Contacts
Listed by Rockhill Commercial Real Estate
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