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9399024
9399025

2800 Regal Rd, Plano, TX 75075

Chris Gebhardt
Listed by Chris Gebhardt
$1,785,000
1290 days on market
Updated 56 days ago

2800 Regal Rd

Details
Property Type Office
Sub Type Traditional Office
Square Footage 6,505
Net Rentable (SqFt) 5,752
Units 1
Cap Rate 3.3%
NOI $58,982
Occupancy 100%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 3.87%
Pro-Forma NOI $69,000
Price per SqFt $274
Class B
Year Built 1981
Year Renovated 2022
Buildings 1
Stories 1
Acreage 0.460
Zoning O-1 (Commercial)
Parking Spaces 23 spaces
Parking Per SqFt 3.54
Investment Type Value Add
Ground Lease No
Sale Condition For sale by owner

Sought after neighborhood office park in the heart of Plano.

Marketing description

Highly desirable small office building in Plano's Royal Center office park. Full common-area remodel and modernization. 100% occupancy offers immediate income, while leaving upside in the form of increased rents at renewals, or new owner can take over space from expiring leases while maintaining income from tenants.

Investment highlights

Well-maintained and highly desirable small office building in Plano's Royal Center office park.

Extensive modernization and upgrades have been made to the property, making for a high-quality investment.

The property has consistently maintained occupancy at or near 100%, while leaving upside in the form of increased rents at renewals, or new owner can take over space from expiring leases while maintaining income from tenants.

This is a rare opportunity for this size property and location, and is absolutely turn-key ready.

  • High-demand small office in Central Plano

  • New HVAC (2020-2022) with management-control

  • New restrooms with high-end finishes and touchless fixtures. (2022)

  • Common-area updates (2021)

  • Electronic Access Control with card-key entry

  • High Definition CCTV

  • 100% LED lighting

  • Meticulously maintained, high-quality asset

Listing Contacts

Chris Gebhardt
Listed by Chris Gebhardt

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$58,982.00
$4,915.17/mo

Valuation Metrics

0
DSCR
3.3%
Cap Rate
3.3%
ROI

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