5225 Village Creek Drive 300, Plano, Texas

$3,750,000

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9,944

Square feet

1.20

Acres

About 5225 Village Creek Drive 300

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.

Features of 5225 Village Creek Drive 300

MLS® # 21407134
Price $3,750,000
Square Footage 9,944
Acres 1.20
Year Built 1996
Type Commercial Sale
Sub-Type Office
Status Active

Community Information

Address 5225 Village Creek Drive 300
Subdivision Morning Dove Add
City Plano
County Collin
State Texas
Zip Code 75093-5097

Amenities

Utilities Cable Available, City Sewer, City Water, Community Mailbox, Concrete, Curbs, Electricity Connected, Individual Gas Meter, Individual Water Meter, Phone Available, Underground Utilities, Other
Garages Common, Concrete, On Site, Parking Lot
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Fireplace No
# of Stories 1
Stories 1

Exterior

Lot Description Adjacent to Greenbelt, Landscaped, Lrg. Backyard Grass, Many Trees
Roof Composition
Construction Brick, Rock/Stone, Other
Foundation Slab

Additional Information

Zoning PD-204 (O-2) General Office
Short Sale No
RE / Bank Owned No

Listing Details

AgentL.j. Erickson
OfficeDuggan Realty Advisors L.L.C.
Contact Info972-980-9686

Listing Map

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