Shopping Strip
Virginia Parkway Professional Center
2730 Virginia Pkwy, McKinney, TX 75071
Listing Price: $2,200,000
Investment Overview
Marcus & Millichap is pleased to present Virginia Parkway Professional Center, a value-add, multi-tenant medical office investment located at 2730 Virginia Parkway in McKinney, Texas. The 7,497-square-foot medical office 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 a complete renovation of the vacant Suite 100, positioning the space for immediate lease-up with minimal additional capital requirements. The property is currently 59 percent occupied by two healthcare providers on triple-net leases, providing in-place cash flow while offering significant upside through lease-up of the remaining vacancy and future mark-to-market rental growth.
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Financing By
Listing Price: $2,200,000
Investment Highlights
- VALUE-ADD MEDICAL OFFICE WITH SIGNIFICANT UPSIDE
- OVER $140,000 OF RECENT CAPITAL IMPROVEMENTS
- TURNKEY 3,076 SF MEDICAL SUITE AVAILABLE
- NEAR-TERM LEASING & MARK-TO-MARKET GROWTH OPPORTUNITY
- PREMIER MCKINNEY MEDICAL CORRIDOR
Investment Overview
Marcus & Millichap is pleased to present Virginia Parkway Professional Center, a value-add, multi-tenant medical office investment located at 2730 Virginia Parkway in McKinney, Texas. The 7,497-square-foot medical office 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 a complete renovation of the vacant Suite 100, positioning the space for immediate lease-up with minimal additional capital requirements. The property is currently 59 percent occupied by two healthcare providers on triple-net leases, providing in-place cash flow while offering significant upside through lease-up of the remaining vacancy and future mark-to-market rental growth.
Exclusively Listed By
Financing By
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