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- LoopNet Team
230 E Hunt St
McKinney, TX 75069
230 E Hunt St · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Close proximity to historic McKinney Town Square
- Value-add rents - 11.7% under market
- High barrier location
- High quality construction (2015)
- High amenity area - over 12 restaurants and shops within walking distance
- Floor plans are suitable for service/professional users
PROPERTY FACTS
AMENITIES
- Controlled Access
- Security System
- Kitchen
- Central Heating
- Direct Elevator Exposure
- Open-Plan
- Partitioned Offices
- Air Conditioning
ABOUT 230 E HUNT ST , MCKINNEY, TX 75069
230 E Hunt Street building (the “Property”) is a 17,550 square foot office building located on the edge of downtown McKinney. The property sits on 0.46 acres of land and is east of Interstate 75 and south of Interstate 380. The property is currently 98% occupied by a diverse mix of local tenants with staggered leases. The investment provides an investor with an opportunity for cash flow and the ability to increase by renewing tenants at market rents. The current weighted average rent is $20.09/psf whereas downtown McKinney is averaging $25.90 SF for similar office product.
PROPERTY TAXES
| Parcel Number | R-10827-00A-0010-1 | Improvements Assessment | $3,849,085 |
| Land Assessment | $369,890 | Total Assessment | $4,218,975 |
PROPERTY TAXES
