624 Krona Drive
Plano, TX 75074
KronaBCDescription
Krona Business Park is a 45,805 square foot multi-tenant building located at the intersection of Plano Parkway and Krona Drive in Plano, Texas. The property, built in 1986, is a 100 percent occupied office/warehouse with five tenants, each with a 50/50 mix of office finish and warehouse space. Krona Business Park is well located in a desirable sub-market and 100% occupancy has been maintained since 2008.

Improvements
The property was acquired at a discount due to the fact that its 60% tenant with a lease expiring in January 2018 went through a bankruptcy in 2009 and has an early termination option in April 2015. This acquisition provides income stability in a strong market.

Major Tenants
American Community News / 27,515 SF / 60%
Texas Mail Center / 8,640 SF / 18.9%
D&D Laser / 4,250 SF / 9.3%

More Information

More Information
Steve Kanoff
Westmount Realty Capital
214-944-5454 x204
skanoff@westmountrc.com