1212 S Preston RoadCelina, TX 75009

Description

The subject property is the only Class A Office Building located on Preston Rd. in Celina, TX. Tenants pay Rent plus NNN Expenses and Utilities. The listed property for sale is priced at a 100% fully leased office building. The office building has a projected $617,268 Net Operating Income for 2026, based on a $9,500,000 price the Cap Rate is 6.5%. The building is at 86% occupancy at this time. The 2027 NOI is projected at $633,881. There is an additional 1.6 acre land parcel priced at $1,500,000 located behind the listed building also for sale but the building plus the 1.6 acres is available at $10,000,000.

Property Information

Property type

Commercial Sale

Sub-type

Office

Year built

2018

Stories

2

Building area

22,334 Sq Ft

Lot size

2.41 acres

Days on market

30

MLS^® Listing#

21380058

Property Features

Cooling

Central Air · Electric

Heating

Central · Natural Gas

Flooring

Ceramic Tile

Parking

Additional Parking · Assigned · Common · Concrete

Construction

Brick

Foundation

Slab

Roof

Built-Up · Metal

Utilities

Underground Utilities

Sewer

Public Sewer

Water source

Public

Parcel number

R1182200A00101

Directions

Located on Preston Rd. north of Collin County Outer Loop