Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1996
Sq.Footage
9,944
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Electric
-
Heating YN
YES
-
Heating
Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Other, Stone
-
Parking
Common, Concrete, On Site, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Landscaped, Many Trees
-
Lot Size(acres)
1.198
-
Lot Size(square feet)
52,184
-
Property Type
Commercial Sale
-
Property Sub Type
Office
Price
-
Sales Price
$3,750,000
-
Tax Amount
$24,614
-
Zoning
PD-204 (O-2) General Office
-
Sq. Footage
9,944
-
Price/SqFt
$377
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Accessibility Features
Accessible Entrance, Accessible Approach with Ramp
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Tax Lot
3
-
Water Source
Public
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Location
County
Collin
Elementary School
Middle School
High School
Listing Courtesy of L.J. Erickson, Duggan Realty Advisors L.L.C.
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AGENT
Joe Boston
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