Parkway Commons
102,747 SF | 13% Leased | Office Building | Plano, TX 75093 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Office
- Square Feet
- 102,747 SF
Listing Contacts
Tom Strohbehn
Verified Profile
Scot Farber
Verified Profile
- Property Info
Property Overview
Younger Partners, as exclusive advisor, is pleased to present the opportunity to acquire Parkway Commons (the “Property”), a privately owned and maintained office buildings in flourishing Plano, TX. The Property offers 102,866 square feet of highly efficient, neighborhood office space that is 54% leased. Home to a diverse rent roll, the building is primarily designed for small and mid-size office / medical suites.
Nestled amongst multi-family and medical developments along Plano Parkway, Parkway Commons is proximate to one of North Texas’ most significant residential populations. The nearby rooftops fuel demand in the building from customer facing service operators the feed off the neighborhood community. Located near the intersection of Plano Parkway and Preston Road, Parkway Commons is three turns from President George Bush Turnpike and the vast transportation network of greater DFW.
Currently 54% leased, Parkway Commons offers two sizeable blocks of contiguous space that are well suited to an owner-occupant that wants to take control of their real estate needs and capitalize on the benefits of real estate ownership. Existing income, tax / depreciation value and long term land appreciation are just a few of the benefits to ownership. Available at a sizeable discount to replacement cost and an attractively low-cost basis, ownership can have a significant impact on overall occupancy cost to a owner-user.
Nestled amongst multi-family and medical developments along Plano Parkway, Parkway Commons is proximate to one of North Texas’ most significant residential populations. The nearby rooftops fuel demand in the building from customer facing service operators the feed off the neighborhood community. Located near the intersection of Plano Parkway and Preston Road, Parkway Commons is three turns from President George Bush Turnpike and the vast transportation network of greater DFW.
Currently 54% leased, Parkway Commons offers two sizeable blocks of contiguous space that are well suited to an owner-occupant that wants to take control of their real estate needs and capitalize on the benefits of real estate ownership. Existing income, tax / depreciation value and long term land appreciation are just a few of the benefits to ownership. Available at a sizeable discount to replacement cost and an attractively low-cost basis, ownership can have a significant impact on overall occupancy cost to a owner-user.
Property Details
- Class
- B
- Year Built/Renovated
- 1986/2022
- Stories
- 3
- Property Subtype
- Office Live/Work Unit, Medical
- Lot Size (sq. ft)
- 261,360 SF
Highlights
- IMMEDIATE OCCUPANCY OF OVER 45,000 SQUARE FEET.
- OPPORTUNITY FOR AN OWNER OCCUPANT.
- AMENITY RICH SUBURBAN ENVIRONMENT and DYNAMIC LOCATION AMONGST OUTSTANDING DEMOGRAPHIC AREA.
- VARIETY OF SPACE OPTIONS AND STRONG IN-PLACE CASH FLOW FROM ESTABLISHED TENANTS.
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