Pelley Building | 1312 E 14th St
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Pelley Building 1312 E 14th St
13,104 SF 45% Leased Office Building Plano, TX 75074 For Sale
Investment Highlights
- Shared Conference Rooms
- Common Kitchen and Dining Area
- Just a few blocks from the 12th Street DART Station and Downtown Plano
- Elevator
- Monument Signage
- Minutes from Central Expressway and PGB Turnpike
Executive Summary
The Pelley Building is a 2-story, 13,104 sq. ft. professional office building located just two blocks from Downtown Plano and the 12th Street DART station and less than 7 min to Central Expressway and PGB Turnpike. The property offers executive office suites ranging from 198 SF to 1,500 SF with fully furnished common areas, including a large, charmingly decorated waiting area, two full kitchens and dining areas on both floors. The building has two staircases and an elevator with multiple restrooms on each floor. There are 31 parking spaces behind the building and controlled access to provide a secure working environment.
All leases will expire in the next 12 months, giving new owner an opportunity to increase rents to market rate. Building is less than 49% occupied, making it suitable for an SBA loan. The majority of common area furniture and artwork will convey with sale.
All leases will expire in the next 12 months, giving new owner an opportunity to increase rents to market rate. Building is less than 49% occupied, making it suitable for an SBA loan. The majority of common area furniture and artwork will convey with sale.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
13,104 SF
Building Class
B
Year Built/Renovated
1982/2014
Percent Leased
45%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
6,552 SF
Building FAR
0.55
Lot Size
0.55 AC
Zoning
R, Plano - Retail
Parking
31 Spaces (2.37 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Conferencing Facility
- Fenced Lot
- Security System
- Monument Signage
- Air Conditioning
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Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (73)
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Pelley Building | 1312 E 14th St
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