214-949-0080
500 N Central Expy, Plano, TX for Sale
Office - FOR SALE
1/89
null | Request Cap Rate

500 N Central Expy
Plano, TX 75074
Downtown Plano


HIGHLIGHTS

  • Recently Renovated & Ideally Positioned
  • Advantageous Market Position & Location
  • Cash Flow Stability with Upside Potential
  • Attractive Suite Size Availabilities

OVERVIEW

Cushman & Wakefield, as exclusive advisor, is pleased to present Central Five Hundred (the “Property”), a Class A office building totaling 237,625 square feet in Plano, Texas. The property is strategically located at the junction of Central Expressway and President George Bush Turnpike. The extensive building renovations were completed in 2020 that included move-in ready spec suites, a new fitness center, tenant lounge, conference center, and an on-site deli. Currently 76% leased to a diverse mix of desirable and financially established tenants, the project offers investors a secure and stable cash flow base with strong upside potential to increase rental rates as below market leases expire into a rising rate environment. The Property has been institutionally owned and maintained with a proactive capital improvement program. Central Five Hundred is in the Plano-Richardson Submarket of Dallas-Fort Worth at the confluence of two major highways, Central Expressway (US 75) and President George Bush Turnpike, benefiting from connectivity and accessibility to all parts of Dallas. Situated in Plano, less than five minutes from the CityLine mixed-use development, Collin Creek Shopping Center, Richardson Plaza, and Sherrill Park Golf Course. Plano-Richardson is home to numerous global companies and is currently experiencing some of the strongest leasing velocity within the DFW market. Major leases signed in 2025 include AT&T (186k SF), Geico (165k SF), University of Texas (142k SF), Trinity Insurance (67k SF), Continental Electronics (45k SF), and ON Semiconductors (36k SF). As a proven destination for both large corporate users and small-to-mid size firms, coupled with a lack of new planned development, Plano-Richardson is poised for continued long-term success.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Central Five Hundred

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

A

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

584

LAND DETAILS

LAND ACRES

8.3 AC

LAND SF

361,548 SF

ZONING

LI-1

APN/PARCEL ID

R-1731-001-0010-1

ASK ABOUT THIS PROPERTY

Matthew MurphyCushman & Wakefield US, Inc.More Info
214-949-0080

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Matthew MurphyCushman & Wakefield US, Inc.More Info
214-949-0080

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.