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Office

Media Luna

805 Media Luna Rd, Brownsville, TX 78520

Listing Price: $8,500,000

Cap Rate
6.59%
Rentable SF
32,995
Lot Size
3.56 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to present Media Luna – 100 percent occupied office condominium campus with six of seven buildings being offered and a combined gross leasable area of 32,995 square feet. All located in the fast-growing city of Brownsville, Texas, in the Rio Grande Valley. Media Luna’s features include a strategic location just off North Expressway 83 (Hwy 77) with an attractive landscape and setting along the Resaca de la Palma River. This offering of six buildings are divided into 10 suites of which approximately 90-percent is occupied by Pronto Insurance’s Main Local Office and the remainder by a well-known law office. This lot of 3.56 acres hosts the offering’s improvements (six of seven buildings) of which each building (condo) has a shared interest in the common area. Media Luna is a well-maintained, stabilized, income-producing asset that offers pride of ownership and long-term growth in a booming area of Texas.

Investment Highlights

  • Stabilized Income-Producing Investment Property
  • Unique Office Asset with Pride of Ownership
  • Attractive Landscape Setting Along the River
  • Ease of Access to the Main Corridor of Brownsville / Mexico (N. Expressway 83)
  • 100% Occupied by High-Quality Tenants
  • Long-Term Upside with Growth in One of the Fastest-Growing Cities in Texas

Exclusively Listed By

Financing By

Listing Price: $8,500,000

Cap Rate
6.59%
Rentable SF
32,995
Lot Size
3.56 acres
Year Built
2008

Investment Highlights

  • Stabilized Income-Producing Investment Property
  • Unique Office Asset with Pride of Ownership
  • Attractive Landscape Setting Along the River
  • Ease of Access to the Main Corridor of Brownsville / Mexico (N. Expressway 83)
  • 100% Occupied by High-Quality Tenants
  • Long-Term Upside with Growth in One of the Fastest-Growing Cities in Texas

Investment Overview

Marcus & Millichap is pleased to present Media Luna – 100 percent occupied office condominium campus with six of seven buildings being offered and a combined gross leasable area of 32,995 square feet. All located in the fast-growing city of Brownsville, Texas, in the Rio Grande Valley. Media Luna’s features include a strategic location just off North Expressway 83 (Hwy 77) with an attractive landscape and setting along the Resaca de la Palma River. This offering of six buildings are divided into 10 suites of which approximately 90-percent is occupied by Pronto Insurance’s Main Local Office and the remainder by a well-known law office. This lot of 3.56 acres hosts the offering’s improvements (six of seven buildings) of which each building (condo) has a shared interest in the common area. Media Luna is a well-maintained, stabilized, income-producing asset that offers pride of ownership and long-term growth in a booming area of Texas.

Exclusively Listed By

Financing By

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