Details

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, 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.

Building Facts
• Building Square footage: 9,944/sf
• Stand alone office building
• Land Size: 1.2 acres (52,212/sf of land)
• Year built: 1996
• Storage: Exterior Storage building, along with additional climate controlled 2nd story storage in place.
• Current Use: Office
• Building Height: 31 feet.
• Parking: 46 total parking spaces. 45 regular parking spaces, plus one handicap parking space. 4.62 per 1,000/sf parking ratio.
• Legal Description: MORNING DOVE ADDITION (CPL), BLK A, LOT 3
• Existing Zoning: PD-204 (O-2) General Office - The O-2 district is intended to allow for a variety of low, mid, and high-rise office developments providing for professional, financial, medical, and similar services to local residents; corporate offices for regional and national operations; and major centers of employment for Plano and surrounding communities.
• Owner-User Opportunity in West Plano Submarket, with in-place income and building and monument signage
• This is an ideal office investment opportunity - provides protection against future rental market uncertainty and rental rate hikes.
• In place income off-setting occupancy costs.
• User-owner occupany-buyer opportunity with 5,658/sf of available space. The property offers an owner-user the option to immediately occupy space within the building. The Property presents significant upside for an owner-occupant seeking control over their real estate footprint.
• The asset is well positioned for a user buyer who would minimize net occupancy cost vs leasing space at market rates.
• Exceptional location in highly desirable West Plano submarket with easy access and efficient connectivity to The Tollway, 190, 121 and Preston Road
• Exposure to long term population and employment growth, positions it as a compelling investment capable of delivery durable cash flow and value appreciation throughout market cycles.
• Unrivaled amenity rich location in West plano.
• Seller financing available for qualified Buyers.
• Strategically located between The Tollway and Preston Road and surrounded by one of North Texas’ most affluent residential populations.
• This is a compelling chance to acquire a stable, income-generating asset with strong growth potential in one of Dallas’ most desirable submarkets.