Scott Mick - Coldwell Banker Apex Realtors
8875 W Synergy Dr E
McKinney, TX 75070

$1,799,000

Description

Office Condo that is fully leased to one tenant starting in September 2018 for 5 years at $24 sq ft with option to sign 2 more 5yr leases. That is a 6.5% cap rate and over the 15yr lease that puts it at 7.2% cap rate. Rates were established at time of signing lease. Stable company that has multiple locations already in place. Great finish out and new LED canned lights replaced for energy efficient, restriped the parking lot, repainted address monument, New flooring and all new paint 2018 , HVAC service contract in place. Fully wired with CAT 5 and AT&T internet.

Details

MLS#13878082
Sub-TypeResale
StatusActive
Year2007
Days On Site209

Features

SQ Feet4,880
Story(s)1
Units1
ZoningOffice

Market Activity 75070

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Area Information

StateTX
CountyCollin
CityMcKinney
Zip Code75070
Area55 - FRISCO / DENTON-COLLIN COUNTIES (55)
Listing VS Median (in 75070)
Price:
$1,799,000
low | high
Med:
$340,435
100% of Average
SqFt:
4,880
low | high
Med:
2,070
100% of Average
$ / SqFt:
$369
low | high
Med:
$164
100% of Average
On Site:
209
low | high
Med:
119
100% of Average
Listing Updated: 01/22/2019
MLS Number: 13878082
Listing Provided By:
Toni Spray  of  Mckinney Real Estate Services

All information provided by seller and is deemed to be correct, but is not guaranteed.  Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.