Overview
Younger Partners, as exclusive advisor, is pleased to present Park Ventura Office Park - Building III, a compelling owner occupant opportunity in thriving Plano, TX. Located just off of coveted Preston Road, the building is 57% occupied by medical tenancy and offers up to 36,000 square feet of space that your company could call home.
The established tenancy has roughly 5 years of WALT and provides income to offset the cost of ownership. Additionally, potential Buyers should be able to capitalize on mark-to-market renewals in one of the region’s preferred office environments that has transitioned to NNN leasing structures.
Available as-is, Park Ventura - Building III was built in 2000 and offers timeless architecture and in demand office space featuring dedicated / controlled HVAC, direct accessibility, limited common space and lower operating costs when compared with traditional mid and high rise office space. Built around a common courtyard, the building offers access to green space that could be enhanced via the installation of oversized doors to bring the natural world into the occupied spaces.
Positioned with 4.5 / 1,000 parking, the buildings are located with convenient accessibility to Preston Road, The Dallas North Tollway, Legacy, George Bush Turnpike and Central Expressway. This prime location provides walkability to the amenity rich Preston Park Colonnade, Polo Towne Crossing and the premier restaurant and retail options on Park Boulevard and Preston Road. Plano is one of the country’s fastest growing suburban communities. The growth continues to be exponential as Plano remains the preferred destination for corporate relocations into the DFW Metroplex.
The established tenancy has roughly 5 years of WALT and provides income to offset the cost of ownership. Additionally, potential Buyers should be able to capitalize on mark-to-market renewals in one of the region’s preferred office environments that has transitioned to NNN leasing structures.
Available as-is, Park Ventura - Building III was built in 2000 and offers timeless architecture and in demand office space featuring dedicated / controlled HVAC, direct accessibility, limited common space and lower operating costs when compared with traditional mid and high rise office space. Built around a common courtyard, the building offers access to green space that could be enhanced via the installation of oversized doors to bring the natural world into the occupied spaces.
Positioned with 4.5 / 1,000 parking, the buildings are located with convenient accessibility to Preston Road, The Dallas North Tollway, Legacy, George Bush Turnpike and Central Expressway. This prime location provides walkability to the amenity rich Preston Park Colonnade, Polo Towne Crossing and the premier restaurant and retail options on Park Boulevard and Preston Road. Plano is one of the country’s fastest growing suburban communities. The growth continues to be exponential as Plano remains the preferred destination for corporate relocations into the DFW Metroplex.
Key Facts
Destination location
Superior 1-3 mile demographics
DFW: top market for investment
Economic diversification
Fully amenitized environment
Secure in-place occupancy
Owner occupancy opportunity
Institutional ownership
