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Office

4011 W Plano Office

4011 W Plano Pkwy, Plano, TX 75093

Listing Price: $3,950,000

Cap Rate
8.10%
Gross SF
29,495
Rentable SF
29,495
Price/Gross SF
$133.92
Lot Size
2.00 acres
Year Built
1983

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the fee simple ownership interest in 4011 West Plano Parkway, in Plano, Texas. The property’s major tenants include a mixture of medical and logistic office tenants including SeaLink International Inc. a chiropractic specialist, clinical psychologists, a weather forensic company, and a State Farm Insurance agent office.. This is an Excellent Owner User Opportunity since the Einstein School announced they will move out at the end of their lease in July 2023 and they occupy 60% of the building. With Einstein moving out this • Will enable an owner/user to purchase the asset and have the existing tenants pay for approximately all of the building’s expenses from the Tenant’s rental income. • Enjoy the tax savings, control and appreciation in owning their office. The subject office building was built in 1983 and is well maintained. This property has a history of consistent cash flow, making it an attractive opportunity for an investor looking to retain a high-quality asset with consistent returns. With the property seeing a tenant leaving in 2023, this presents a unique opportunity for an owner/user looking to take over 60 percent of the property. An owner/user would be taking over a building with an appealing cash flow and in turn would essentially be occupying the space rent free. The property's location is an attractive submarket for out-of-state companies relocating to the North Texas area which has only increased demand for office space. The multi-tenant, office building contains a total of 29,495 square feet of rentable area and is conveniently located approximately one mile from the President George Bush Turnpike, allowing for easy access to the property. West Plano Parkway sees high traffic counts of approximately 22,829 vehicles per day. The property benefits from strong demographics, serving a five-mile population of approximately 354,974 residents with a one-mile average household income exceeding $111,926.

Investment Highlights

  • Excellent Owner/User Opportunity
  • Value-Add Opportunity Priced Below Replacement Cost at $133/SF
  • Seller Reports New Roof Installed in 2018
  • All New HVAC Installed in 2020 and 2021
  • Positioned Directly off Plano Parkway, Near Coit Road
  • Proximity to Medical City Plano Hospital
  • Ideally Accessible to President George Bush Turnpike and Dallas North Tollway
  • Densely Populated Area with 354,974 Residents Within Five Miles

Exclusively Listed By

Financing By

Office

4011 W Plano Office

Listing Price: $3,950,000

Cap Rate
8.10%
Gross SF
29,495
Rentable SF
29,495
Price/Gross SF
$133.92
Lot Size
2.00 acres
Year Built
1983

Investment Highlights

  • Excellent Owner/User Opportunity
  • Value-Add Opportunity Priced Below Replacement Cost at $133/SF
  • Seller Reports New Roof Installed in 2018
  • All New HVAC Installed in 2020 and 2021
  • Positioned Directly off Plano Parkway, Near Coit Road
  • Proximity to Medical City Plano Hospital
  • Ideally Accessible to President George Bush Turnpike and Dallas North Tollway
  • Densely Populated Area with 354,974 Residents Within Five Miles

Investment Overview

Marcus & Millichap Real Estate Investment Services is pleased to offer for sale the fee simple ownership interest in 4011 West Plano Parkway, in Plano, Texas. The property’s major tenants include a mixture of medical and logistic office tenants including SeaLink International Inc. a chiropractic specialist, clinical psychologists, a weather forensic company, and a State Farm Insurance agent office.. This is an Excellent Owner User Opportunity since the Einstein School announced they will move out at the end of their lease in July 2023 and they occupy 60% of the building. With Einstein moving out this • Will enable an owner/user to purchase the asset and have the existing tenants pay for approximately all of the building’s expenses from the Tenant’s rental income. • Enjoy the tax savings, control and appreciation in owning their office. The subject office building was built in 1983 and is well maintained. This property has a history of consistent cash flow, making it an attractive opportunity for an investor looking to retain a high-quality asset with consistent returns. With the property seeing a tenant leaving in 2023, this presents a unique opportunity for an owner/user looking to take over 60 percent of the property. An owner/user would be taking over a building with an appealing cash flow and in turn would essentially be occupying the space rent free. The property's location is an attractive submarket for out-of-state companies relocating to the North Texas area which has only increased demand for office space. The multi-tenant, office building contains a total of 29,495 square feet of rentable area and is conveniently located approximately one mile from the President George Bush Turnpike, allowing for easy access to the property. West Plano Parkway sees high traffic counts of approximately 22,829 vehicles per day. The property benefits from strong demographics, serving a five-mile population of approximately 354,974 residents with a one-mile average household income exceeding $111,926.

Exclusively Listed By

Financing By

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