Office

Cross Roads Plaza

1501 E Mockingbird Ln, Victoria, TX 77904

Listing Price: $3,975,000

Cap Rate
7.71%
Gross SF
70,651
Rentable SF
70,651
Price/Gross SF
$56.26
Lot Size
4.11 acres
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to present Cross Roads Plaza. Cross Roads 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 (aka I-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 Wells Fargo Bank and Bumgardner, Morrison & Company. Wells Fargo occupies almost 7,000-square feet and makes use of the seven lane drive-through attached on the south side of the building. Bumgardner, Morrison & Company occupies another 9,200-square feet as one of the largest CPA firms in Victoria.

Currently 69 percent occupancy with limited roll-over exposure and several long-term tenants, 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 $220,000 in capital improvements since purchasing the property in 2013. The subject property's anchored tenants, convenient location and attractive return make Cross Roads Plaza a truly valuable asset for any investor.


Investment Highlights

  • Security Cameras, Video Surveillance & Exterior Lighting
  • On-Site Ownership, Leasing & Management
  • Located at Prominent Intersection of E. Mockingbird Lane & Sam Houston Drive
  • True Value Add Opportunity at 69.5% Occupancy
  • Double Digit Cash on Cash Return Day One
  • Wells Fargo Bank has Leased for Approximately 30 Years

Exclusively Listed By

Financing By

Listing Price: $3,975,000

Cap Rate
7.71%
Gross SF
70,651
Rentable SF
70,651
Price/Gross SF
$56.26
Lot Size
4.11 acres
Year Built
1982

Investment Highlights

  • Security Cameras, Video Surveillance & Exterior Lighting
  • On-Site Ownership, Leasing & Management
  • Located at Prominent Intersection of E. Mockingbird Lane & Sam Houston Drive
  • True Value Add Opportunity at 69.5% Occupancy
  • Double Digit Cash on Cash Return Day One
  • Wells Fargo Bank has Leased for Approximately 30 Years

Investment Overview

Marcus & Millichap is pleased to present Cross Roads Plaza. Cross Roads 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 (aka I-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 Wells Fargo Bank and Bumgardner, Morrison & Company. Wells Fargo occupies almost 7,000-square feet and makes use of the seven lane drive-through attached on the south side of the building. Bumgardner, Morrison & Company occupies another 9,200-square feet as one of the largest CPA firms in Victoria.

Currently 69 percent occupancy with limited roll-over exposure and several long-term tenants, 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 $220,000 in capital improvements since purchasing the property in 2013. The subject property's anchored tenants, convenient location and attractive return make Cross Roads Plaza a truly valuable asset for any investor.


Exclusively Listed By

Financing By

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