Favorite Listings
Plano, TX 75093
$3,750,000

About this home

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.

Overview

Full Baths
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Half Baths
0
Bathrooms
0
Bedrooms
0
Building Area
9944
Living Area
0
Lot Size (Acres)
1.198
Property Subtype
Office
Property Type
Commercial Sale
Status
Active
Year Built
1996

Interior

Accessibility Features
Accessible Approach with Ramp
Cooling
Electric
Fireplaces
0
Flooring
Carpet, Ceramic Tile, Wood
Heating
Natural Gas

Exterior & Construction

Construction
Brick, Other, Rock, Stone
Foundation
Slab
Lot Features
Back Yard, Backs to Greenbelt/Park, Lawn, Landscaped, Many Trees
Roof
Composition

Parking

Covered Parking
0
Garage Spaces
0

Location & Area

City
Plano
County
Collin
ZIP Code
75093
State
TX
Subdivision
Morning Dove Add
Unit #
300

Financial

Price
3750000

Utilities

Sewer
Public Sewer
Utilities
Cable Available, Electricity Connected, Natural Gas Available, Other, Phone Available, Sewer Available, Separate Meters, Underground Utilities, Water Available

Listing Details

Listing Agent
L.J. Erickson
Listing Office
Duggan Realty Advisors L.L.C.
MLS #
21407134
Virtual Tour
https://www.propertypanorama.com/instaview/ntreis/21407134

Listing agents

Listing AgentL.J. EricksonDuggan Realty Advisors L.L.C.

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