Cross Roads Plaza 1501 E Mockingbird Ln Bureau 6 638 m² 70 % Loué À vendre Victoria, TX 77904 3 712 598 € (559,30 €/m²)

Marcus & Millichap, is pleased to present Cross Roads Plaza. Cross Roads Plaza is a multi-tenant office building located in Victoria, Texas. The subject property is situated less than a mile from Highway 77, minutes from Highways 77 and 87 and minutes from Highway 59 (also known as Interstate 69) providing tenants and clientele ease of access to Victoria’s downtown district, retail district, and the regional airport.
Built in 1982, Cross Roads Plaza is anchored by Bumgardner, Morrison & Company. They occupy over 9,200 rentable square feet (+13 percent of the asset) and are one of the largest CPA firms in Victoria.
70.2 percent occupied, Cross Roads Plaza provides immediate cash flow as well as an opportunity to add value by increasing the occupancy. This asset has been well maintained by its current owner with over $340,000 in capital improvements since purchasing the property in 2022. The subject property’s convenient location and attractive return makes Cross Roads Plaza a truly valuable asset for any investor or owner/occupier. Wells Fargo will be vacating at the end of their lease term (April 2026). The next owner will have the opportunity to re-lease the first floor suite (6,734 rentable square feet) to another lending institution at higher rent than Wells Fargo below market rent of $15.00/RSF/YR Gross. Alternatively, the suite is ideal for an owner/occupier desiring a first floor location for its business.