INCOME PRODUCING OFFICE BUILDING FOR SALE CAREYCOX … · 2020. 8. 12. · 24/96 l 24/24 4 bbf...

CAREYCOXA R E A L E S T AT E C O M PA N Y

careycoxcompany.com / 972.562.8003321 N. Central Expressway, Suite 370 McKinney, TX 75070The information contained herein was obtained from sources believed reliable; however, Carey Cox Company makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.

Bill Cox / [email protected]

INCOME PRODUCING OFFICE BUILDING FOR SALEINDEPENDENT BANK BUILDING1600 REDBUD BLVD. - MCKINNEY, TX 75069

PROPERTY SUMMARYLAND SIZE 5.45 ACBUILDING SF 63,552 SFSALE PRICE $17,942,000

FEATURESZONING PD - OFFICE

% OCCUPIED 100% (THROUGH 8/31/2020)

2020 NOI $1,123,652

CAP RATE 6.25%

AVG. LEASE RATE $17.18 /SF

PARKING 236 SPACES

FRONTAGE REDBUD BLVD. AND HERITAGE DR.

SIGNAGE AVAILABLE

YEAR BUILT 1985 (RENOVATED 2009)

ELEVATORS 2




INCOME PRODUCING OFFICE BUILDING FOR SALEINDEPENDENT BANK BUILDING1600 REDBUD BLVD. - MCKINNEY, TX 75069

Independent Bank Building at Heritage Blvd and Redbud Blvd is for sale. The space includes a reception area, conference rooms, multiple break / utility rooms, and several penthouse executive offices, 2 of which have private bathrooms. Property is located just off US 75 near US 380 providing easy access from across the metroplex.

MCKINNEY OFFICE BUILDING FOR SALEDEMOGRAPHICS2019 - Source CoStar 1-Mile 3-Mile 5-Mile

Total Population 13,328 63,870 129,546

Median Household Income $67,055 $69,499 $84,766

TRAFFIC COUNTSUS 75 @ WHITE 142,298 VPD

REDBUD @ HARROUN 9,191 VPD

NEARBY BUSINESSES




FLOOR PLAN - 1ST FLOOR




FLOOR PLAN - 2ND FLOOR




FLOOR PLAN - 3RD FLOOR




SCALE: 1/8"=1'-0"

FOURTH FLOOR PLAN1

JODY

RUSS

ROBBCONFERENCE

CONFERENCE

CONFERENCE

ERIN

CINDY25/4

8

ES/24ES/30

25/5

4

36/25ST/84

36/25ST/84

OC

/72

25/72FF

FF

36/72BBF

25/72

PHO

NE

DO

WN

UP

F.D.

120/48

B

144/54

ALL EXISTING

48/65m48/65m

24/65m

24/6

5m24

/45m

42/4

5m

L65L6

5

I45

I45

I65

E65

BC

BC

BCBC BC

BCBC

BC

BC BC

BCBC

PKPK

PKPK

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41

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BPI/6

WTC

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WTC/48WTC/48

WTC

/24

WTC

/24

WTC

/42

WD

WDWD

WD

TKTK

TK

TKTK

TK

CA

NT

CA

NT

CANT

SSSS

V 24/96

L24

/24

V

24/60

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BBF

MP/4812/1

2

FFLF/2/30

PT/15

OC/48OC/48

LV/48LV/48

VWM

VWM

2

48/65m48/65m

24/6

5m

24/65m24/45m

42/45m

L65 L65

I45I45

I65

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BC

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BCBC

BC BCBC

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PKPK

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CA

NT

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NT

CANT

SSSS

V 24/96 L24/24

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MP/48

12/12

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PT/15

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LV/48LV/48

VWM VW

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2

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24/42/60/24

36/72BBF

25/4

8

25/5

4

25/72

ES/30 ES/24

OC

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36/2

5ST

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36/2

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OC

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25/7

2FF

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36/72BBF

25/48

25/72

ES/24 ES/30

25/54

OC/72

25/72FF FF

36/72BBF

25/48

25/7

2

ES/2

4ES

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25/54

25/30ST/84

25/30ST/84

42

42

48

25/30ST/84

25/30ST/84

36/72BBFFF

ST/84

OC/36 OC/36

24/72FFFF

SM/72

JAN WEBB

SL/49

SL/4

9

SL/49

25/66

FF24

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BBF

24/1

8FF

24/3

625

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25/6

0

25/6025/72

25/72FF FF T/FF

ST/84T/FF

ST/84OS/72

OC/72

36/3036/21

36/21MP/66

2

FF30/18

BBF30/18

36/25ST/84

36/25ST/84

S/B

32/2

4

MF

MF

144/

545021-30

5021-30

MA

C59

29-S

P

48/6

5m48

/65m

24/65m

24/65m 24/45m 42/45m

L65

L65 I45I45

I65

E65

BC

BC

BCBC

BC

BC BC BC

BCBC

BCBC

PKPK

PKPK

PKPK

PKPK

PKPK

412

1

BPI/6

WTC/24

WTC

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WTC

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WTC/24 WTC/24 WTC/42

WD

WD

WD

WD

WD

TKTK

TK

TK TK TK

CANT CANT

CA

NT

SS

SS

V24

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L24/24

V

24/60/42/24

BBF

MP/48

12/12

FFLF

/2/3

0

PT/15

OC

/48

OC

/48

LV/48LV/48

VWM

VWM

2

48/6

5m48

/65m

24/65m

24/65m 24/45m 42/45m

L65

L65 I45I45

I65

E65

BC

BC

BCBC

BC

BC BC BC

BCBC

BCBC

PKPK

PKPK

PKPK

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412

1

BPI/6

WTC/24

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0

PT/15

OC

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OC

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LV/48LV/48

VWM

VWM2

36/3036/21

36/21MP/66

2

FF30/18

BBF30/18

OC/72

25/6625/60

FF24/36

FF24/30

FF24/30

FF24/30

25/48FF

36/7

2BB

F

36/72BBF

ES/2

4

25/54

25/72FF FF

25/72FF

FF

MF

DC DC

DC DC

DCDC

25/72FF

FF

\pxqc;EXECUTIVE OFFICE\PMICHELLE HICKOX

\pxqc;EXECUTIVE OFFICE\PBRIAN HOBART

\pxqc;EXECUTIVE OFFICE\PDAN BROOKS

36/25ST/84

36/25ST/84

36/30 36/21

36/21

FF30/18

BBF30/18

OC/72

25/72FFFF

DCDC

\pxqc;EXECUTIVE OFFICE\PDAVID BROOKS

\pxqc;EXECUTIVE OFFICE\PTORRY BERNTSEN

\pxqc;CINDY

\pxqc;WENDY

\pxqc;KIRSTEN

\pxqc;OFFICE\PJAN WEBB

\pxqc;OFFICE\PROBB TEMPLE

\pxqc;OFFICE\PRUSS LESSMAN

\pxqc;MARTHA

\pxqc;OFFICE\PJAMES SCHAFER \pxqc;OFFICE\PJODY ZORN

\pxqc;PAULA HERMELYN

401OFFICE

406OFFICE

402OFFICE

405OFFICE

403OFFICE

404OFFICE

400OFFICES

EXECUTIVE

GROSS AREA: 12, 503 S.F.

HL

EE

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ORIA

NA

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NA HL

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TOSI

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25/7

2FF

FF

OC

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SL/4

9

48/65m48/65m

24/65m

24/6

5m24

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42/4

5m

L65L6

5

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I45

I65

E45

E65

BC

BC

BCBC BC

BPBP

BP

BP BP

BPBP

PKPK

PKPK

PKPK

PKPK

PKPK

41

2

1

BPI/6

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WTC/48WTC/48

WTC

/24

WTC

/24

WTC

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WD

WDWD

WD

WD

TKTK

TK

TKTK

TK

CA

NT

CA

NT

CANT

SSSS

V 24/96

L24

/24

V

24/60

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BBF

MP/48

FFLF/2/30

PT/15

OC/48OC/48

LV/48LV/48

VWM

VWM

2

ORIANA

25/72FF

FF

AST

OR

AST

OR

25/3

0ST

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25/48

FF 25/48FF36/72

BBF

36/7

2BB

F

36/72BBF

25/48 25/54

25/72

ES/30ES/24

3'

ORIANA ORIANA

T/FFST/84

T/FFST/84ST/84 ST/84

20/20

OC/72UM/72

SL/25 SL/25

36/72BBF

25/72

ES/30

ORIANA ORIANA

25/72FF

FF

OC

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9

25/30ST/84

HL

EE

SIENTOSIENTO

25/4

8

ES/24

25/5

4

ES/30

ORIANAORIANA

36/72BBF

25/72

ES/30

UM/72OC/72

SL/25SL/25

HL

E E

SIENTO SIENTO

25/72FF

FF

OC

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9

25/30ST/84

25/4

8

25/5

4

ES/24

ES/30

36/72BBF

25/72

ES/30

ORIANA ORIANA

25/72FF

FF

OC

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9

25/30ST/84

HL

EE

SIENTOSIENTO

25/4

8

ES/24

25/5

4

ES/30

THINK

E

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E E

E E

E E E E

E

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THINK

THINK

THINK

THINK

5021

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M

E E

SIENTO SIENTO

M

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M

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SIENTO SIENTO

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SIENTOSIENTO

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SIENTOSIENTO

M

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EE

SIEN

TOSI

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32/25B H

419

418

420

422ORIANA

ORIANA

24/42

Paoli Credenza

424

427

432

433

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EE

SIENTO

SIENTO

M

EE

SIENTO

SIENTO

42

42

DB

DB

W

ENEA

W

ENEA

W

ENEA

W

ENEA

W

ENEA

W

ENEA

W

ENEA

W

ENEA

36/25ST/84

36/25ST/84

OC/72

25/72FF FF

DC DC

36/7

2BB

F

25/48

25/72FF

434435

FLOOR PLAN - 4TH FLOOR




SURVEY

BENCH

BENCH

BENCH

Bol.

Bol.

Bol.Bol.

Bol.(3)

Bol.Bol.

Bol.

Bol.

CO(2)

EB(2)

EB(2)

ICV(2)

ICV(2)

ICV(2)

ICV(2)

ICV(3)

ICV(4)

ICV(3)

ICV(2)

LP

CLOCK

MP

12" RCP

18" RCP

18" RCP

18" RCP12" STEELPIPE (2)

18" RCP

PM-E

PM-EPM-E

SB

SN

SN

SN

SN

TP

TP(2)

TP

TP

TP

TP

TP

TMK

TMK

TMK

TMK

TMK

TMK

TMK

TMK

TSN

TSN

TSN

TSN

TSN

TSN

TSN

TSN

TSNTSN

TSNTSN

TSN

Vault

WM(2)

XCF

XCF

1/2" CIRF"PECHECO" (Y)

5/8" CIRF"HUITT" (Y) CM(Cab. N, Pg. 873)

1/2" CIRF"TXHS" (Y)


XCF

1/2" IRF

5/8" CIRF"JDJR" (Y)


5/8" CIRF"POGUE" (Y)

1/2" CIRF"TXHS" (Y)

1/2"CIRSHI=98.6'

(Steeple)

HI=62.9'

SIDE

WAL

K

SIDEWALK

SIDEW

ALK


1/2"CIRS

RED

BU

D B

OU

LEVA

RD

(100' right-of-way)

ONE STORYBRICK

1600 REDBUD(16,859 sq. ft.)

31.6'14.7' 11.5'

87.9'

11.3'

16.1'

11.3'

88.0'

16.0'

55.7'

16.0'

68.1'

11.2'

16.3'

16.3'

16.3'

11.3'

68.0'

8.0' 10.0'

8.0'

6

20

20

14

122

10

7

5

5

6

4

11

5

8

1929

23

21

508.69'

S 55°41'24" E

S 34°18'36" W52.37'

177.39'

N 54°25'38" W

S 19°48'06" W377.86'

L1

L2C1

SIDEWALK

83.84'N 27°20'57" W

LOT 2R, BLOCK CTEXAS AMERICAN BANK

ADDITIONCABINET N, PAGE 873

20' LANDSCAPEEASEMENT

CAB. N, PG. 873

25' LANDSCAPEEASEMENT

CAB. N, PG. 873

85' SET BACK(FROM ℄ OF HERITAGE)PER VOL. 1944, PG. 458

FLUME

FLUME

STORM WATERDETENTION EASEMENTCAB. N, PG. 873

STORM WATERDETENTION EASEMENTCAB. N, PG. 873

15' DRAINAGEEASEMENTCAB. N, PG. 873

TXU EASEMENTCAB. N, PG. 873

LOT 3, BLOCK CTEXAS AMERICAN BANK

ADDITIONCABINET N, PAGE 873

COLLIN COUNTYMENTAL HEALTH

MENTAL RETARDATIONCENTER

CC #20160115000053910

FIRST UNITED BANKAND TRUST COMPANY

VOL. 5475, PG. 5568

Δ=089°15'56"R=450.00'L=701.09'

Ch L=632.30'Ch B=N17°15'26"E

L3L4 LINE TABLE

LINE #

L1

L2

L3

L4

BEARING

N88°19'21"W

S18°37'59"E

S62°37'47"W

N72°21'12"W

DISTANCE

50.89'

58.34'

1.70'

21.21'

1/2" CIRS

20' FIRE LANEEASEMENT

CAB. N, PG. 873

20' FIRE LANEEASEMENTCAB. N, PG. 873



128.6

192.1

151.7

CURVE TABLE

NO.

C1

DELTA

29°28'36"

RADIUS

430.00'

LENGTH

221.22'

CH. L

218.79'

CH. B

S77°22'04"W

(BAS

IS O

F BE

ARIN

GS)

5.447 ACRES(237,262 SQ. FT.)

25' BUILDING LINEVOL. 1944, PG. 458

25' BUILDING LINEVOL. 1944, PG. 458

ALT

A/N

SPS

LAN

D T

ITLE

SU

RVE

Y5.

447

ACR

ES

SAM

UEL

MC

FALL

SU

RVE

Y, A

BSTR

ACT

NO

. 641

CIT

Y O

F M

CKI

NN

EYC

OLL

IN C

OU

NTY

, TEX

ASR

ELIA

NSE

GLO

BAL

400

RED

HEA

D C

OU

RT

MC

KIN

NEY

, TEX

AS 7

5070

5826

0-AL

TA

08.2

2.18

1" =

50'

SURVEYOR'S CERTIFICATION

TO: Relianse Group LLC, Woodforest National Bank, Fidelity National Title Insurance Company, and Capital Title ofTexas, LLC

This is to certify that this map or plat and the survey on which it is based were made in accordance with the 2016Minimum Standard Detail Requirements for ALTA/NSPS Land Title Surveys, jointly established and adopted by ALTAand NSPS, and includes Items 1, 2, 3, 4, 7(a), 7(b)(1), 7(c), 8, 9, 13 and 14 of Table A thereof. The fieldwork wascompleted on 08/22/2018.

PRELIMINARY, this document shall not be recorded for any purpose and shall not be used or viewed or reliedupon as a final survey document.________________________________________________________________________Leonard J. Lueker (Original signature in red ink)Registered Professional Land SurveyorTexas Registration No. [email protected]

Winkelmann & Associates, Inc.6750 Hillcrest Plaza Drive, Suite 325Dallas, Texas 75230(972) 490-7090 www.winkelmann.com

Please note that the use of the word "CERTIFY" or "CERTIFICATE" used hereon constitutes an expression ofprofessional opinion regarding those facts or findings which are the subject of the certification, and does not constitute awarranty or guarantee, either expressed or implied.

FLOOD NOTE

According to the Federal Emergency Management Agency, FloodInsurance Rate Map Community Panel No. 48085C0260K, datedJune 7, 2017, this property is within Flood Zone X.

Zone X - Areas determined to be outside the 0.2% annual chancefloodplain.

This flood statement does not imply that the property and/or thestructure thereon will be free from flooding or flood damage. On rareoccasions, greater floods can and will occur and flood heights maybe increased by man-made or natural causes. This flood statementshall not create liability on the part of the surveyor.

VICINITY MAPNOT TO SCALE

5826

0.00

Dat

e :

Scal

e :

File

:

Proj

ect N

o. :

G:\5

82\6

0\su

rvey

\bou

ndar

y\58

260-

ALTA

.dw

g

Texa

s En

gine

ers

Reg

istra

tion

No.

89

Texa

s Su

rvey

ors

No.

100

8660

0 Ex

pire

s 12

/31/

2018

CO

PYR

IGH

T ã

201

8, W

inke

lman

n &

Asso

ciat

es, I

nc.

No.

DAT

ER

EVIS

ION

PARKINGTYPE NUMBER

REGULAR 227DISABLED 8

OTHERTOTAL 235

Scale 1" = 50'

N

S

EW

100500 25

PROPERTY DESCRIPTION

STATE OF TEXAS §COUNTY OF COLLIN §

BEING a tract of land situated in the SAMUEL MCFALL SURVEY, ABSTRACT NO. 641, City of McKinney,Collin County, Texas and being all of Lot 2R, Block C, Texas American Bank Addition, an addition to theCity of McKinney, Collin County, Texas according to the plat thereof recorded in Cabinet N, Page 873, PlatRecords, Collin County, Texas.

Bearings shown hereon are based upon an on-the-ground Survey performed in the field on the 22nd dayof August, 2018, utilizing a G.P.S. bearing related to the Texas Coordinate System, North Texas CentralZone (4202), NAD 83, grid values from the GeoShack VRS Network.

ABBREVIATION LEGENDABBR. DEFINITIONAC AIR CONDITIONERBILLB BILLBOARDBol. BOLLARDCC# COUNTY CLERK'S FILE NO.CIRF IRON ROD FOUND WITH CAPCIRS IRON ROD SET W/CAP STAMPED "W.A.I.

5714"CM CONTROLLING MONUMENTCO CLEANOUTE ELECTRICEB ELECTRIC BOXEM ELECTRIC METERFH FIRE HYDRANTFOMK FIBER OPTIC MARKERGI GRATE INLETGL GROUND LIGHTGM GAS METERGMK GAS MARKERGR GAS RISERGV GAS VALVEGW GUY WIREHI BUILDING HEIGHTHC HANDICAPPEDICV IRRIGATION CONTROL VALVEIN INLETIRF IRON ROD FOUNDLP LIGHT POLEMAG MAG NAIL SET WITH SHINER STAMPED

"W.A.I. R.P.L.S. 5714"MB MAIL BOXMH MANHOLEMP METAL POSTPF PIN FLAGPKF PK NAIL FOUNDPKS PK NAIL SETPM PAINT MARKPP POWER POLESB SIGNAL BOXSN SIGNSP SIGNAL POLESS SANITARY SEWERSW STORM WATERTMK TELEPHONE MARKERTP TELEPHONE PEDESTALTPAD TRANSFORMER PADTSN TRAFFIC SIGNUGC UNDERGROUND CABLE MARKERWM WATER METERWP WOOD POSTWV WATER VALVEXCF "X" CUT IN CONCRETE FOUNDXCS "X" CUT IN CONCRETE SET

WYSONG

BAILEY

HARROUN1ST

NEL

SON

SHELLEYBELDEN

WHITE

REDBUD

CAMELLIA

AZALEA DOEROLLINS

MIDWAY

ERWIN

JOSEPHINE

GR

AVES

HO

LLIS

DU

VALL

FEN

CH

MurphyParkWHITE

WES

T

REDBUD

HERITAGE

REDBUD

CEN

TRAL

WAYU

.S. H

IGH

WAY

75

SITE

SCHEDULE "B" NOTES

Items corresponding to the Commitment for Title Insurance issued August 22, 2018 by Fidelity National TitleInsurance Company bearing an effective date of May 14, 2018, GF# 18-352201-DB.

1. The property is subject to the following restrictive covenants of record itemized below:

Those restrictive covenants recorded in Volume 1944, page 458; Volume 1977, page 87 and Volume 3432,Page 286, Real Property Records, Collin County, Texas.

2-10a. Intentionally omitted, by Surveyor.

10b. Intentionally deleted, by Title Company.

10c. Intentionally omitted, by Surveyor.

10d-10e. Intentionally deleted, by Title Company.

10f. Building setback lines as set out in Restrictive Covenants recorded in Volume 1944, Page 458, LandRecords of Collin County, Texas:Eighty-five foot (85') set back line along South property line; (Affects the subject property, as shown)Twenty-five foot (25') set back line along West property line. (Affects the subject property, as shown)

10g. Terms, provisions, conditions, easements, covenants, options, including Maintenance and SpecialAssessments as created in Declaration of Covenants and Restrictions recorded in Volume 1944, page 458;Volume 1977, page 87 and Volume 3432, Page 286, Real Property Records, Collin County, Texas. Thecharge is subordinate to purchase and/or improvement liens. (Affects the subject property)

10h. The following items as dedicated and shown on Plat recorded in Cabinet F, Page 679 and Cabinet N,Page 873, Map Records, Collin County, Texas:

20 foot Fire lane over and across subject property; (Affects the subject property, as shown)15 foot Drainage Easement across Northeasterly portion; (Affects the subject property, as shown)Twenty foot (20') Landscape Easement across the South portion; (Affects the subject property, as shown)Twenty-five foot (25') Landscape Easement across the West portion; (Affects the subject property, as shown)15 foot T.P. & L. easement over portions of subject property; (Affects the subject property, as shown)Storm water detention area over portions of subject property. (Affects the subject property, as shown)

10i. Terms, provisions and conditions of Detention Area Maintenance Declaration filed June 2, 2001,recorded in Volume 4951, Page 4101, Real Property Records, Collin County, Texas. (Affects the subjectproperty, blanket)

The Surveyor has not abstracted the record title and/or easements of the subject property. The Surveyorprepared this survey with the benefit of a title commitment described above and assumes no liability for anyeasements, right-of-way dedications or other title matters affecting the subject property which may have beenfiled in the real property records but are not disclosed in said title commitment.




PROPERTY AERIAL

SUBJECT PROPERTY




PROPERTY SURROUNDINGS

SUBJECT PROPERTY




DFW METROPLEX LOCATION

SUBJECT PROPERTY

INCOME PRODUCING OFFICE BUILDING FOR SALE CAREYCOX … · 2020. 8. 12. · 24/96 l 24/24 4 bbf...

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