Virginia Parkway Professional Center — Sale in Mckinney, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Mckinney, TX 75071
- Year built: 2006
Photos
Investment Figures
- Cap rate
- 6.50%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present Virginia Parkway Professional Center, a stabilized multi-tenant medical office investment located at 2730 Virginia Parkway in McKinney, Texas. The 7,497-square-foot building is strategically positioned along one of McKinney's primary east-west corridors within an established healthcare and professional office district. Originally constructed in 2006, the property has benefited from significant recent capital improvements, including the comprehensive renovation and successful lease-up of Suite 100. The property is now fully leased by three complementary healthcare and healthcare-related tenants operating on triple-net leases, providing immediate in-place cash flow with additional upside through scheduled rent increases and future mark-to-market leasing opportunities. Investment Highlights: • FULLY LEASED MEDICAL OFFICE INVESTMENT WITH EMBEDDED RENT GROWTH • OVER $140,000 OF RECENT CAPITAL IMPROVEMENTS • SUITE 100 LEASE-UP COMPLETE • NEAR-TERM LEASE RENEWAL OPPORTUNITY • PREMIER MCKINNEY MEDICAL CORRIDOR
Market Context
This retail in Mckinney, TX is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2006. Compare it against other retail listings for sale in Mckinney, TX — view the full market.
Contact
- Philip Levy · (972) 755-5225 · philip.levy@marcusmillichap.com
- Duke Dennis · (817) 932-6172 · duke.dennis@marcusmillichap.com
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