FOR SALE

47,287 sq.ft. Bank/office building and 11 drive-thru lane facility located in Brownsville, Texas.  The property is 100% leased, 92% leased long-term, NNN basis to Wells Fargo Bank as their headquarters for the Rio Grande Valley operations.  Uses consist of international banking operations, training center, and location of executive offices/boardroom for the Valley.  Cingular Wireless under long-term lease for roof top.  Site includes two-story out building leased to small office and retail tenants.  Also includes an 11 lane drive-thru facility all located on 1 1/2 city blocks or 2.48 acres.  Building has always been a financial institution.  Roof and Mechanical systems recently replaced or repaired.  Top floor, 3,387 sq.ft, under long term lease to a law firm.  Current NOI before debt service is $257,080.00.  Scheduled NOI over next five (5) years in $286,280.29.  Long term, assumable non-recourse debt, annual debt service $192,020.28.  See pictures and details below or call for more information.

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835 East Levee Street
Brownsville, Texas 78520
 

Our building is located at 835 East Levee Street in downtown Brownsville, Texas.  The property includes a 6-story, 47,287 square foot office building and a parking lot all located on one city block bordered by Elizabeth, 8^th, 9^th, and Levee Streets.  In addition, the property has an 11 lane drive thru facility at approximately 3,750 square feet, which is located on one half of a city block.  The combined land area totals 2.5 acres.  The building was extensively renovated throughout the 1980’s and 1990’s and has been used as a banking and/or financial facility for the past 20 years.  This property also maintains a 3,382 square foot metal facilities building, which is currently being used as storage and office areas for the personnel of the building management company.

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