This property is Off-Market

2208 Leary Ln
Victoria, TX 77901 ·

12,120 SF · Office For Sale

N/A

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Office of the Attorney General

Price N/A Cap Rate 10%
Building Size 12,120 SF Building Class A
Property Type Office Tenancy Multiple
Property Sub-type
Institutional/Governmental
More...
  • Office Building
  • Free Standing Bldg
  • Street Retail
Year Built 2010
Property Use Type Net Lease Investment with 1 years left on lease Lot Size 1.27 AC
Listing ID: 18595336 Date Created: 03/06/2014 Last Updated: 04/28/2014

Description

The subject property is leased to Texas Comptroller of Public Accounts & Office of the Attorney General. Unique building improvements specific to agency work, along with the fact that this building services the entire Victoria County, would make relocation difficult & extensions more probable.

** Pending lease extension, contact listing agent for details. **

(In cooperation the local broker - Blackburn Properties, Texas Broker)

Victoria' s (county seat of Victoria County) premium location in the state of Texas puts us in the geographic center (and within a two-hour drive) of three of the fastest growing cities in the United States - Austin, Houston and San Antonio.

Economic growth in the plastics manufacturing industry, expanding petrochemical and industrial chemical plants, the rebirth of oil and gas exploration, a growing medical services community, a high-speed fiber optic telecommunications network, higher education and a burgeoning retail trade sector have made Victoria one of the most progressive and fastest developing cities in Texas.

Major Industrial Employers in the region include Formosa Plastic, the Inteplast Group, Dow, Invista and Alcoa.

Highlights

  • Property is Leased to Texas Comptroller of Public Accounts & Office of the Attorney General
  • Unique Building Improvements Specific to Agency Work, Building Services the Entire Victoria County
  • The Lease Provides for Annual Operating Cost Escalation Based on the CPI Leading to Increased NOI through Landlord Driven Management and Cost Control
  • Flexibility Either to Place New Financing or Purchase All Cash

Research

2208 Leary Ln, Victoria, TX 77901 (Victoria County)

Victoria Market Trends - Asking price index trends, sale price trends, asking rent trends

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