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Virginia Parkway Professional Center
2730 Virginia Pkwy, McKinney, TX 75071
Listing Price: $2,450,000
Investment Overview
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.
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Listing Price: $2,450,000
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
Investment Overview
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.
Exclusively Listed By
Financing By
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