Parkway Commons 5068 W Plano Pky 102,866 SF 51% Leased Office Building Plano, TX 75093 For Sale

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 57% 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 57% 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 income in the near term.