Rare opportunity to acquire a portfolio of 12 office condominiums located at 200 Cypress Bend Pkwy in Princeton, Texas. All 12 units are currently occupied and cash flowing, providing an investor with immediate income from a stabilized commercial asset. The office condos are situated in a rapidly growing North Texas market with convenient access to US Highway 380 and major regional employment centers, and McKinney National Airport. The property offers a diversified tenant base across multiple individually leased office units, providing an attractive combination of current cash flow and long-term appreciation potential. This is an ideal opportunity for an investor seeking a turnkey commercial real estate asset with established occupancy and income in one of the fastest-growing areas of Collin County. Financial information, leases, and additional property details are available upon request. All information is deemed reliable but not guaranteed and should be independently verified by the buyer.
| MLS # | 21333351 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 2022 |
| Days On Site | 117 |
| Listing Provided By | Ashton Wall Real Estate | Lisa Rogers |
| SQ Feet | 13,500 |
|---|---|
| Story(s) | 1 |
| Zoning | Commercial |
| Acreage | 1.43 |
| Cooling | Central Air, Electric |
|---|---|
| Heating | Central, Electric |
| Roof | Composition |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Slab |
| Parking Features | Common |
|---|
| Utilities | City Sewer, City Water |
|---|
| Unexempt Taxes | 69528 |
|---|---|
| Tax Block | A |
| Tax Legal Description | PRINCETON OFFICE CONDOMINIUM (CPN), BLDG A, U |
| State | TX |
|---|---|
| County | Collin |
| City | Princeton |
| Zip Code | 75407 |
| Area | Collin |
| Community Name | Princeton Office Condo |
| Listing VS Median (in Princeton Office Condo) | |
Price: $5,433,497 low | high Med: $5,433,497 sqft: 13,500 low | high Med: 13,500 $ / sqft: $402 low | high Med: $402 On site: 117 low | high Med: 117 | |
| State | TX |
|---|---|
| County | Collin |
| City | Princeton |
| Zip Code | 75407 |
| Area | Collin |
| Community Name | Princeton Office Condo |
| Listing VS Median (in Princeton Office Condo) | |
Price: $5,433,497 low | high Med: $5,433,497 sqft: 13,500 low | high Med: 13,500 $ / sqft: $402 low | high Med: $402 On site: 117 low | high Med: 117 | |