1212 S Preston Road new

Celina,TX 75009

$ 12000000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Subdivision Keller Williams Add Ph 1

MLS Listing ID 20920496

Year Built 2018

Annual Tax Amount $138,922

Lot Size 4.004 Acres

Property Sub-Type Office

Property Description

The listed property for sale includes a 22,000 sf 100% fully leased office building and a 1.6 acre commercial build site within the same platted property, ideal for adding a second building. The office building has a 2026 annual NOI of $620,000 and based on a 6% Cap Rate, a price of $10,300,000. The 1.6 acres additional land parcel is priced at $1,700,000 or $24.39 per square foot. Both properties are sold as a package.

Location

State TX

County Collin

Zoning Commercial

Interior

Heating Central,Natural Gas

Cooling Central Air,Electric

Flooring Ceramic Tile

Exterior

Utilities Available All Weather Road,City Sewer,City Water,Concrete,Curbs,Individual Gas Meter,Individual Water Meter,Sidewalk,Underground Utilities

Roof Type Built-Up,Metal

Building

Lot Description Acreage

Foundation Slab

Structure Type Brick

Others

Acceptable Financing 1031 Exchange,Cash,Contact Agent,Conventional,Not Assumable

Listing Terms 1031 Exchange,Cash,Contact Agent,Conventional,Not Assumable

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