Contacts
Tom Strohbehn
Younger Partners
Scot Farber
Younger Partners
Property Details
- Property Type Office
- Additional Rent Contact for pricing
- Date Updated Nov 4, 2024
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.
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Highlights
- Immediate occupancy of over 45,000 square feet
- Opportunity for an owner occupant
- Amenity rich suburban environment
- Dynamic location amongst outstanding demographic area
- Variety of space options and strong in-place cash flor from established tenants
- Small floor plates
- Outstanding access to area transportation networks
- Long run optionality of 6 acres
- Benefited by Dallas / Fort Worth status as a top U.S. marketplace with a diversified economy, nation leading population and job growth
- Discount to replacement cost of approximatley $350/SF
Attachments
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Location
- City Plano, Texas
- Neighborhood Willow Bend Office Park
- Zip Code 75093
- Market Dallas Fort Worth
In-Depth Research Available for this Property
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