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442 Navigation Blvd 12,200 SF Industrial Building Corpus Christi, TX 78408 $1,425,000 ($116.80/SF) 8% Cap Rate
Investment Highlights
- New 5-Year Lease With a 5-Year Option Recently Executed
- Recent Improvements & Entire Re-Roof
- Located On A Hard Corner
- Well Below Replacement Value
Executive Summary
- Fenced, fully paved yard with ample outside storage
- Multiple large overhead doors for easy warehouse access
- Two (2) 3-Ton cranes spanning full warehouse length, one (1) 1-Ton jib crane
- Recent improvements: new roof (2024), renovated office interior (2024), resurfaced front parking (2026), crane upgrades (2025)
- Located in an established Corpus Christi industrial area
- Easy access to Hwy 44 & I-37
- New 5-year lease through 4/2031, with a 5-year option
- Tenant reimburses property taxes & insurance
- Multiple large overhead doors for easy warehouse access
- Two (2) 3-Ton cranes spanning full warehouse length, one (1) 1-Ton jib crane
- Recent improvements: new roof (2024), renovated office interior (2024), resurfaced front parking (2026), crane upgrades (2025)
- Located in an established Corpus Christi industrial area
- Easy access to Hwy 44 & I-37
- New 5-year lease through 4/2031, with a 5-year option
- Tenant reimburses property taxes & insurance
Property Facts
| Price | $1,425,000 | Rentable Building Area | 12,200 SF |
| Price Per SF | $116.80 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1977 |
| Cap Rate | 8% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.63/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 5 |
| Building Class | B | Cross Streets | Cantwell Dr |
| Lot Size | 1.58 AC | ||
| Zoning | IH | ||
| Price | $1,425,000 |
| Price Per SF | $116.80 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.58 AC |
| Rentable Building Area | 12,200 SF |
| No. Stories | 1 |
| Year Built | 1977 |
| Tenancy | Single |
| Parking Ratio | 1.63/1,000 SF |
| No. Drive In / Grade-Level Doors | 5 |
| Cross Streets | Cantwell Dr |
| Zoning | IH |
Amenities
- Bus Line
- Fenced Lot
- Signage
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Property Taxes
| Parcel Number | 272048 | Improvements Assessment | $789,997 |
| Land Assessment | $223,600 | Total Assessment | $1,013,597 |
Property Taxes
Parcel Number
272048
Land Assessment
$223,600
Improvements Assessment
$789,997
Total Assessment
$1,013,597
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442 Navigation Blvd
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