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Shopping Strip

Jason Plaza

116 Jason St, Victoria, TX 77901

Listing Price: $1,714,787

Cap Rate
7.48%
Gross SF
22,865
Rentable SF
22,865
Price/Gross SF
$75.00
Lot Size
2.49 acres
Year Built
1984

Investment Overview

Marcus & Millichap is pleased to offer Jason Plaza in Victoria, Texas. Jason Plaza is a three building, multi-tenant retail/office investment property with a total of 22,865 square feet of lease-able area, situated on two lots totaling 1.6 acres of land. Inclusive is an additional 0.9 acre lot, which is adjacent to the asset and ready for further development opportunities. The property has a strong history of continual occupancy and easy management. Jason Plaza has also seen recent improvements in the roof, HVACs and other interior amenities over the past three years to date. This investment has great opportunity for near term upside with adjustment to current open ended leases and exercising reimbursement of operational expenses that is structured in the lease agreements but currently not enforced. With further stabilization of operations in this well-maintained asset, there is strong opportunity for adding value in the long term.

Investment Highlights

  • 22,865 square foot multi-tenant retail/office asset
  • Very well maintained and managed property
  • Recent capital improvements to roof and HVAC
  • Strong history of positive occupancy
  • Inclusive of a 0.9 acre Adjacent Lot for Further Development

Exclusively Listed By

Listing Price: $1,714,787

Cap Rate
7.48%
Gross SF
22,865
Rentable SF
22,865
Price/Gross SF
$75.00
Lot Size
2.49 acres
Year Built
1984

Investment Highlights

  • 22,865 square foot multi-tenant retail/office asset
  • Very well maintained and managed property
  • Recent capital improvements to roof and HVAC
  • Strong history of positive occupancy
  • Inclusive of a 0.9 acre Adjacent Lot for Further Development

Investment Overview

Marcus & Millichap is pleased to offer Jason Plaza in Victoria, Texas. Jason Plaza is a three building, multi-tenant retail/office investment property with a total of 22,865 square feet of lease-able area, situated on two lots totaling 1.6 acres of land. Inclusive is an additional 0.9 acre lot, which is adjacent to the asset and ready for further development opportunities. The property has a strong history of continual occupancy and easy management. Jason Plaza has also seen recent improvements in the roof, HVACs and other interior amenities over the past three years to date. This investment has great opportunity for near term upside with adjustment to current open ended leases and exercising reimbursement of operational expenses that is structured in the lease agreements but currently not enforced. With further stabilization of operations in this well-maintained asset, there is strong opportunity for adding value in the long term.

Exclusively Listed By

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