CBRE’s Investment Properties Team has been exclusively retained to offer for sale Crossroads Center (“the Property”), a 42,318-sf shopping center that is 72% leased in Victoria, TX. The Property is located on the signalized intersection of Red River St. and Ben Jordan St., caddie corner to Victoria College and Texas A&M University Victoria. Victoria is located halfway between Houston and Corpus Christi along the Texas coast and only two hours southeast of San Antonio.
Crossroads Center is an opportunity to purchase a college anchored shopping center well below replacement cost with significant upside. The Property has many tenants on short term leases with below market rental rates providing a new owner with the opportunity to significantly increase the properties cash flow and value. In addition, Crossroads has a well-diversified rent roll with no tenant occupying more than 15% of the center, with Texas Workforce Commission being the largest tenant.