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Office

222 Station

222 Frontage Rd, Brownsville, TX 78521

Listing Price: $8,550,000

Cap Rate
6.33%
Rentable SF
35,162
Lot Size
1.09 acres
Year Built
1979

Investment Overview

Marcus & Millichap is pleased to present 222 Station, a multi-tenant office building located in the heart of Brownsville, Texas along the main north-to-south corridor of Highway 77/83 (55,600 VPD). The property was originally built in 1979 and last occupied by Edelstein’s furniture as a warehouse and showroom. The Seller had taken over ownership of the property in 2016 and substantially improved the asset since. Capital improvements cover almost every detail from utilities, high-end modern interior finish outs, roof, HVAC systems and complete overhaul of the exterior and parking lot(s). The resulting , highly attractive office building is 100% occupied with quality tenants ranging from the Brownsville Herald, Legacy Home Care Services, some businesses owned and operated by the Seller (partial sale leaseback) among others. 222 Station is a fantastic investment opportunity for an investor looking for a stable return in the booming south Texas city of Brownsville that boats strong projected business growth.

Investment Highlights

  • 100% Occupied Stabilized Asset
  • Located in an Economically High Growth City (Brownsville)
  • Recent Capital Improvements Over 100% of the Property
  • High Visibility and Easy Access Along a Major Corridor (Hwy 77/83)
  • Well-Maintained Property with Attractive Interior & Exterior Finishes
  • Close Proximity to Other Major Businesses and the Veterans International Bridge

Exclusively Listed By

Listing Price: $8,550,000

Cap Rate
6.33%
Rentable SF
35,162
Lot Size
1.09 acres
Year Built
1979

Investment Highlights

  • 100% Occupied Stabilized Asset
  • Located in an Economically High Growth City (Brownsville)
  • Recent Capital Improvements Over 100% of the Property
  • High Visibility and Easy Access Along a Major Corridor (Hwy 77/83)
  • Well-Maintained Property with Attractive Interior & Exterior Finishes
  • Close Proximity to Other Major Businesses and the Veterans International Bridge

Investment Overview

Marcus & Millichap is pleased to present 222 Station, a multi-tenant office building located in the heart of Brownsville, Texas along the main north-to-south corridor of Highway 77/83 (55,600 VPD). The property was originally built in 1979 and last occupied by Edelstein’s furniture as a warehouse and showroom. The Seller had taken over ownership of the property in 2016 and substantially improved the asset since. Capital improvements cover almost every detail from utilities, high-end modern interior finish outs, roof, HVAC systems and complete overhaul of the exterior and parking lot(s). The resulting , highly attractive office building is 100% occupied with quality tenants ranging from the Brownsville Herald, Legacy Home Care Services, some businesses owned and operated by the Seller (partial sale leaseback) among others. 222 Station is a fantastic investment opportunity for an investor looking for a stable return in the booming south Texas city of Brownsville that boats strong projected business growth.

Exclusively Listed By

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