210-343-7821
4104 Houston Hwy, Victoria, TX for Sale
Office - FOR SALE
1/17
null | 8.5% Cap Rate

4104 Houston Hwy
Victoria, TX 77901


HIGHLIGHTS

  • 8.5% Cap Rate (proforma)
  • Phenomenal 16.35/1000 Parking Ratio
  • A Multi-Tenant Of?ce Building with Five Suites and Single-Tenant Retail Building
  • 1.1 Miles from Citizens Medical Center and University of Houston-Victoria
  • Well-Maintained Buildings that Minimize Capital Expenditures

OVERVIEW

Marcus & Millichap is pleased to present for sale a two-building office/retail property plus an additional 1.5-acres of raw land in Victoria, Texas. The portion of the purchase price attributable to the two buildings is offered at a proforma 8.5% cap rate. Building 1 is a 4,963-square-foot multi-tenant office space with five suites. Suite 100, a 2,522-square-foot vacant unit, is ideal for an owner-user, while the other suites are leased to local tenants. Suites 200 and 300 operate under NNN leases, while suites 400 and 500 offer an opportunity for lease conversion. Most leases are one year, providing flexibility for future adjustments. Building 2 is a 12,652-square-foot single-tenant structure that is leased as an event venue. The lease with the event venue operator commenced October 2024 and contributed their own improvements. With a six-year-old roof and regularly serviced HVAC systems, the property requires minimal maintenance, ensuring stability and long-term value. Spanning five acres (inclusive of the 1.5-acres of raw land), the property features 288 surface parking spaces with an impressive parking ratio of 16.34/1,000. With 20,000+ vehicles per day (VPD) along US-59 BUS (Houston Hwy), the site benefits from excellent visibility and accessibility. Its location near major highways, medical facilities, and educational institutions enhances its desirability.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

8.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

288

LAND DETAILS

LAND ACRES

5.75 AC

LAND SF

250,470 SF

ZONING

None

APN/PARCEL ID

11160-001-00100

ASK ABOUT THIS PROPERTY

James Stewart, CCIM, CPMMarcus & MillichapMore Info
210-343-7821

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James Stewart, CCIM, CPMMarcus & MillichapMore Info
210-343-7821

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.