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Justin Henry

justin@justinhenryhomes.com +1(972) 757-6273

$ 3,750,000

Est. payment | -/mo

1.2 Acres Lot

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$ 3,750,000

Est. payment | -/mo

Save Virtual Tour

1.2 Acres Lot

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Subdivision Morning Dove Add

MLS Listing ID 21407134

Total Fin. Sqft 9944

Year Built 1996

Annual Tax Amount $24,614

Lot Size 1.198 Acres

Acres 1.198

Property Sub-Type Office

Property Description

Duggan Realty Advisors, LLC has been exclusively retained to offer qualified buyers the opportunity to acquire 5225 Village Creek Drive, a boutique office building prominently positioned in the heart of West Plano. Located amongst a thriving corridor, with retail, medical, residential and hospitality developments. As a result, the building offers tenants access to a wealth of nearby amenities that appeal to the modern office tenant. The Property offers 9,944 square feet of highly efficient, neighborhood office space that is currently 43% leased. Well positioned for an owner occupant wanting to take control of their real estate needs, the building has 5,646 sf available for immediate occupancy. The available space is complimented by an established income stream that should greatly reduce ownership cost and build equity. Situated West Plano, one of Texas' most affluent and influential residential populations. The nearby residential communities fuel demand in the building from customer facing service operators that feed off the community. Consistently regarded as a preferred office submarket, the West Plano “Platinum Corridor” is benefitted by unsurpassed proximity to a dense demographic base of decision makers, and is populated with in-demand destination retail. The existing tenants leases are currently below market and offer a sizable discount to the submarket's average rental rate and provide a source of potential upside through mark-to-market renewals. Monument and building signage opportunities are available to afford an owner operator a chance to establish a branding presence.

Location

State TX

County Collin

Zoning PD-204 (O-2) General Office

Direction Use GPS to locate

Interior

Heating Natural Gas

Cooling Electric

Flooring Carpet, Ceramic Tile, Wood

Heat Source Natural Gas

Exterior

Utilities Available Cable Available, City Sewer, City Water, Community Mailbox, Concrete, Curbs, Electricity Connected, Individual Gas Meter, Individual Water Meter, Phone Available, Underground Utilities, Other

Roof Type Composition

Accessibility Accessible Approach with Ramp

Garage No

Building

Lot Description Adjacent to Greenbelt, Landscaped, Lrg. Backyard Grass, Many Trees

Foundation Slab

Structure Type Brick,Rock/Stone,Other

Others

Virtual Tour https://listings.fullpackagemedia.com/sites/rvwpzpqk/unbranded

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by L.J. Erickson • Duggan Realty Advisors L.L.C.

NEARBY SCHOOL & BUSINESS

+1(972) 757-6273

justin@justinhenryhomes.com

26875 US Hwy 380 # 112, Aubrey, TX 76227, United States

5225 Village Creek Drive #300 Plano, TX 75093

Justin Henry

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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5225 Village Creek Drive #300