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Texas Parks & Wildlife Department 1409 Waldron Rd 11,896 SF Office Building Corpus Christi, TX 78418 $3,700,000 ($311.03/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Mission Critical Facility
- Long-Standing History
- Long-Term Lease / Annual Increases
- State of Texas Lease / AAA Credit
- Build-to-Suit / Institutional Quality Construction
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the property located at 1409 Waldron Road, Corpus Christi, Texas (the "Property").
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
11,896 SF
Building Class
C
Year Built
2022
Price
$3,700,000
Price Per SF
$311.03
Cap Rate
8%
NOI
$296,030
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,896 SF
Building FAR
0.30
Lot Size
0.90 AC
1 1
PROPERTY TAXES
| Parcel Number | 546290 | Improvements Assessment | $981,187 |
| Land Assessment | $697,505 | Total Assessment | $1,678,692 |
PROPERTY TAXES
Parcel Number
546290
Land Assessment
$697,505
Improvements Assessment
$981,187
Total Assessment
$1,678,692
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Texas Parks & Wildlife Department | 1409 Waldron Rd
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