OFF MARKET - Texas Commercial Lease Contract Assignment

[Richard Corley]

I currently have the option to acquire and lease a property in McKinney, TX to a Government agency for 10 years. I am posting this advertisement to see if any local real estate investors were interested in being assigned this opportunity/investment. I am only looking to pass on the opportunity since I am not in close proximity to the city and will be unable to actively manage the property. I have also become very busy on another project.

For the 10,000 sf of office space, rent has been agreed to at ~$335,000 (full service) for 10 years. The building that I have under contract is for ~$2,000,000. Build out cost per the State’s specifications have not been fully confirmed but the rough estimate I have received from a local contractor is ~$650,000.

Please feel free to contact me in you want/need more information!