5225 Village Creek Drive 300,Plano, TX 75093
Plano, TX 75093
Description
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.
Details
| MLS # | 21407134 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1996 |
| Days On Site | 27 |
| Listing Provided By | Duggan Realty Advisors L.L.C. | L.J. Erickson |
Features
| SQ Feet | 9,944 |
|---|---|
| Story(s) | 1 |
| Zoning | PD-204 (O-2) General Office |
| Acreage | 1.20 |
Interior
| Cooling | Electric |
|---|---|
| Heating | Natural Gas |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Fire Alarm, Fire Sprinkler System, Smoke Detector(s) |
| Construction Materials | Brick, Rock/Stone, Other |
| Foundation Details | Slab |
| Lot Features | Adjacent to Greenbelt, Landscaped, Lrg. Backyard Grass, Many Trees |
Parking
| Parking Features | Common, Concrete, On Site, Parking Lot |
|---|
Utilities
| Utilities | Cable Available, City Sewer, City Water, Community Mailbox, Concrete, Curbs, Electricity Connected, Individual Gas Meter, Individual Water Meter, Phone Available, Underground Utilities, Other |
|---|
Taxes
| Unexempt Taxes | 24614 |
|---|---|
| Tax Lot | 3 |
| Tax Block | A |
| Tax Legal Description | MORNING DOVE ADDITION (CPL), BLK A, LOT 3 |
Area Information
| State | TX |
|---|---|
| County | Collin |
| City | Plano |
| Zip Code | 75093 |
| Area | Collin |
| Community Name | Morning Dove Add |
| Listing VS Median (in Morning Dove Add) | |
Price: $3,750,000 low | high Med: $3,750,000 sqft: 9,944 low | high Med: 9,944 $ / sqft: $377 low | high Med: $377 On site: 27 low | high Med: 27 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Collin |
| City | Plano |
| Zip Code | 75093 |
| Area | Collin |
| Community Name | Morning Dove Add |
| Listing VS Median (in Morning Dove Add) | |
Price: $3,750,000 low | high Med: $3,750,000 sqft: 9,944 low | high Med: 9,944 $ / sqft: $377 low | high Med: $377 On site: 27 low | high Med: 27 | |