Velocity Putting 93K SF On the Market
Two properties owned by Velocity Credit Union are coming on the market. The office properties, Sabine East and Sabine West, total 93,000 square feet and include surface parking.
Velocity currently occupies the buildings at 610 E. 11th St. and 705 E. 12th St. Both are near the Texas Capitol and, according to local media reports, could be redeveloped as mid-rise and high-rise mixed-use projects. The properties are used for Velocity’s operational headquarters, as well as for back-office staff and as a customer branch.
The Travis Central Appraisal District recently valued the properties at $9.3 million. As much as 800,000 square feet could be built on the infill site, according to an offering memorandum.
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