C AREY C OX A REAL ESTATE COMPANY careycoxcompany.com / 972.562.8003 321 N. Central Expressway, Suite 370 McKinney, TX 75070 The 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 / 972.562.8003 [email protected]INCOME PRODUCING OFFICE BUILDING FOR SALE INDEPENDENT BANK BUILDING 1600 REDBUD BLVD. - MCKINNEY, TX 75069 PROPERTY SUMMARY LAND SIZE 5.45 AC BUILDING SF 63,552 SF SALE PRICE $17,942,000 FEATURES ZONING 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
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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.
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
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.
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
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.
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.
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.
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.
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.
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
20' FIRE LANEEASEMENTCAB. 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
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ITLE
SU
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447
ACR
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SAM
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MC
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, TEX
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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
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e :
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File
:
Proj
ect N
o. :
G:\5
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260-
ALTA
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Texa
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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
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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.
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.
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.
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.