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Central Five Hundred 500 N Central Expy 237,625 SF 77% Leased 5-Star Office Building Plano, TX 75074 For Sale

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INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
237,625 SF
Building Class
A
LoopNet Rating
5 Star
Year Built/Renovated
1985/2020
Percent Leased
77%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
47,525 SF
Building FAR
0.66
Lot Size
8.30 AC
Zoning
LI-1
Parking
584 Spaces (2.46 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Concierge
  • Conferencing Facility
  • Convenience Store
  • Fitness Center
  • Food Service
  • Property Manager on Site
  • Signage
  • Wheelchair Accessible
  • Kitchen
  • Storage Space
  • Central Heating
  • Natural Light
  • Shower Facilities
  • Monument Signage
  • Air Conditioning
  • Fiber Optic Internet
  • On-Site Security Staff

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Blackwell & Duncan, PLLC is a boutique law firm which limits its practice to representing property owners through the State of Texas. The firm handles all property taxation matters from valuation, unequal taxation issues, exemption matters, and litigation. The firm’s principles have represented commercial taxpayers in all facets of property taxation for over 20 years. Some of their clients include Camden, Harden Healthcare, Tabani Group, Nestle Waters North America, Frito Lay, First Allied, Inland, RPAI, and Haydn Cutler.

  • Real Estate
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

CityCentral was created with one purpose : To create an innovative and collaborative workspace and community for businesses and individuals looking for an environment that will enable their business to grow. They pride themselves on continuously nurturing their community, providing more and more resources, encouraging collaboration between members, and hosting events specifically designed with their members in mind. As their community continues to grow, CityCentral becomes less of “somewhere you work from” and more of a “community that delivers collective success.”

  • Health Care and Social Assistance
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

The Neuropsychology Center provides professional neuropsychological consultation, education and training, and conducts neuropsychological research. The faculty of The Neuropsychology Center have extensive backgrounds and experience in clinical neuropsychology. They have been faculty members of a major university medical center and a regional neuropsychological laboratory facility. The faculty members have provided clinical neuropsychological services to adult and child populations for more than 30 years. They have also offered graduate level and post-doctoral training and supervision in Clinical Neuropsychology. In addition, they have been active researchers publishing in a variety of brain-behavior areas.

  • Public Administration
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

U.S. Probation and Pretrial Services officers are responsible for pretrial services, presentence investigations, and post-conviction supervision for the federal Judiciary. They make a positive difference in the communities they serve. U.S. Probation and Pretrial Services is a national system with a shared mission and professional identity and common goals and values. The system facilitates the fair administration of justice, enhances public safety, and positively impacts the lives of individuals who become involved with the federal courts. Officers accomplish their mission using data and evidence-based practices, which informs decision-making and operations across the system. Each office achieves success through interdependence, collaboration, and local innovation.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Professional, Scientific, and Technical Services - - Lorem Ipsum Jan 0000
Real Estate - - Lorem Ipsum Jan 0000
Health Care and Social Assistance - $9.99 Lorem Ipsum Jan 0000
Public Administration - $9.99 Lorem Ipsum Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 103
  • 3,583 SF
  • Office
  • Full Build-Out
  • Now

Premier space in a primely located, freshly renovated office building

  • 1st Fl-Ste 105
  • 2,865 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 107
  • 2,539 SF
  • Office
  • Full Build-Out
  • Now

Premier space in a primely located, freshly renovated office building

  • 1st Fl-Ste 137
  • 2,200 SF
  • Office
  • Full Build-Out
  • Now

Premier space in a primely located, freshly renovated office building

  • 1st Fl-Ste 152
  • 3,579 SF
  • Office
  • Full Build-Out
  • Now

Premier space in a primely located, freshly renovated office building

  • 1st Fl-Ste 175
  • 13,920 SF
  • Office
  • Full Build-Out
  • Now

Premier space in a primely located, freshly renovated office building

  • 2nd Fl-Ste 261-280
  • 5,149 SF
  • Office
  • -
  • Apr 2026
  • 2nd Fl-Ste 272
  • 1,624 SF
  • Office
  • Full Build-Out
  • Now

Premier space in a primely located, freshly renovated office building

  • 2nd Fl-Ste 280
  • 5,500 SF
  • Office
  • Full Build-Out
  • Now

Premier space in a primely located, freshly renovated office building

  • 3rd Fl-Ste 305
  • 863 SF
  • Office
  • -
  • 30 Days
  • 3rd Fl-Ste 320
  • 3,000-6,668 SF
  • Office
  • Full Build-Out
  • Now

Elevator Lobby Exposure Premier space in a primely located, freshly renovated office building

  • 3rd Fl-Ste 355
  • 1,163 SF
  • Office
  • -
  • Now
  • 3rd Fl-Ste 365-370
  • 3,470 SF
  • Office
  • -
  • Now
  • 3rd Fl-Ste 375
  • 1,741 SF
  • Office
  • Partial Build-Out
  • Now

Premier space in a primely located, freshly renovated office building

  • 4th Fl-Ste 420-422
  • 3,616 SF
  • Office
  • Spec Suite
  • Now

Spec Suite

  • 5th Fl-Ste 575
  • 1,920 SF
  • Office
  • -
  • Now

Spec Suite

Space Size Space Use Condition Available
1st Fl-Ste 103 3,583 SF Office Full Build-Out Now
1st Fl-Ste 105 2,865 SF Office - Now
1st Fl-Ste 107 2,539 SF Office Full Build-Out Now
1st Fl-Ste 137 2,200 SF Office Full Build-Out Now
1st Fl-Ste 152 3,579 SF Office Full Build-Out Now
1st Fl-Ste 175 13,920 SF Office Full Build-Out Now
2nd Fl-Ste 261-280 5,149 SF Office - Apr 2026
2nd Fl-Ste 272 1,624 SF Office Full Build-Out Now
2nd Fl-Ste 280 5,500 SF Office Full Build-Out Now
3rd Fl-Ste 305 863 SF Office - 30 Days
3rd Fl-Ste 320 3,000-6,668 SF Office Full Build-Out Now
3rd Fl-Ste 355 1,163 SF Office - Now
3rd Fl-Ste 365-370 3,470 SF Office - Now
3rd Fl-Ste 375 1,741 SF Office Partial Build-Out Now
4th Fl-Ste 420-422 3,616 SF Office Spec Suite Now
5th Fl-Ste 575 1,920 SF Office - Now

1st Fl-Ste 103

Size
3,583 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 105

Size
2,865 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 107

Size
2,539 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 137

Size
2,200 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 152

Size
3,579 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 175

Size
13,920 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 261-280

Size
5,149 SF
Space Use
Office
Condition
-
Available
Apr 2026

2nd Fl-Ste 272

Size
1,624 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 280

Size
5,500 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 305

Size
863 SF
Space Use
Office
Condition
-
Available
30 Days

3rd Fl-Ste 320

Size
3,000-6,668 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 355

Size
1,163 SF
Space Use
Office
Condition
-
Available
Now

3rd Fl-Ste 365-370

Size
3,470 SF
Space Use
Office
Condition
-
Available
Now

3rd Fl-Ste 375

Size
1,741 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

4th Fl-Ste 420-422

Size
3,616 SF
Space Use
Office
Condition
Spec Suite
Available
Now

5th Fl-Ste 575

Size
1,920 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 103

Size 3,583 SF
Space Use Office
Condition Full Build-Out
Available Now

Premier space in a primely located, freshly renovated office building

1st Fl-Ste 105

Size 2,865 SF
Space Use Office
Condition -
Available Now

1st Fl-Ste 107

Size 2,539 SF
Space Use Office
Condition Full Build-Out
Available Now

Premier space in a primely located, freshly renovated office building

1st Fl-Ste 137

Size 2,200 SF
Space Use Office
Condition Full Build-Out
Available Now

Premier space in a primely located, freshly renovated office building

1st Fl-Ste 152

Size 3,579 SF
Space Use Office
Condition Full Build-Out
Available Now

Premier space in a primely located, freshly renovated office building

1st Fl-Ste 175

Size 13,920 SF
Space Use Office
Condition Full Build-Out
Available Now

Premier space in a primely located, freshly renovated office building

2nd Fl-Ste 261-280

Size 5,149 SF
Space Use Office
Condition -
Available Apr 2026

2nd Fl-Ste 272

Size 1,624 SF
Space Use Office
Condition Full Build-Out
Available Now

Premier space in a primely located, freshly renovated office building

2nd Fl-Ste 280

Size 5,500 SF
Space Use Office
Condition Full Build-Out
Available Now

Premier space in a primely located, freshly renovated office building

3rd Fl-Ste 305

Size 863 SF
Space Use Office
Condition -
Available 30 Days

3rd Fl-Ste 320

Size 3,000-6,668 SF
Space Use Office
Condition Full Build-Out
Available Now

Elevator Lobby Exposure Premier space in a primely located, freshly renovated office building

3rd Fl-Ste 355

Size 1,163 SF
Space Use Office
Condition -
Available Now

3rd Fl-Ste 365-370

Size 3,470 SF
Space Use Office
Condition -
Available Now

3rd Fl-Ste 375

Size 1,741 SF
Space Use Office
Condition Partial Build-Out
Available Now

Premier space in a primely located, freshly renovated office building

4th Fl-Ste 420-422

Size 3,616 SF
Space Use Office
Condition Spec Suite
Available Now

Spec Suite

5th Fl-Ste 575

Size 1,920 SF
Space Use Office
Condition -
Available Now

Spec Suite

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R-1731-001-0010-1
Land Assessment
$10,674,970 CAD
Improvements Assessment
$45,119,575 CAD
Total Assessment
$55,794,545 CAD
  • Listing ID: 37925080

  • Date on Market: 2025-10-02

  • Last Updated:

  • Address: 500 N Central Expy, Plano, TX 75074

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