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Kingpin Industrial Park 5654 Kingpin Dr 14,940 SF Industrial Building Corpus Christi, TX 78405 $5,485,000 ($367.14/SF) 5.69% Cap Rate
INVESTMENT HIGHLIGHTS
- Large Concrete Paved Yard
- Annual Rate Increases
- International Tenant with Long Term Lease
EXECUTIVE SUMMARY
- Approx. 3,000 SF Office
- Approx. 10,500 SF Warehouse
- 24’ Eave Height
- Approx. 1,440 SF Wash Bay
- 18’ Eave Height
• 9 - 14’x16’ Overhead Doors
• 1 - 5 Ton Crane, 115’ Travel
• 480V/3 Ph/800 Amp
• Approx. 4.552 Acres - Lighted, Fenced, Concrete Paved Yard
• Zoned IL - Light Industrial
• Direct Access to NPID & Flato Rd.
• Int’l Tenant with Long Term Lease
• 3% Annual Increases
$5,485,000, Asking Price | Current NOI $311,904 | CAP Rate 5.69%
PROPERTY FACTS
UTILITIES
- Lighting
- Water
- Sewer
- Heating
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Wholesaler
- 14,940 SF
- -
- Triple Net
- May 2033
Odessa Pumps (a DistributionNOW Company) has been a leader in providing solutions, packages, parts, repair and machining for more than 40 years. They maintain full-service locations in Texas, New Mexico, Oklahoma and Louisiana, as well as conduct worldwide exporting through their Houston operation. Their service representatives are available in Texas, New Mexico, Oklahoma, Arkansas, Colorado and Louisiana. In addition, they provide engineered pump packages, and they maintain a fully staffed, state-of-the-art machine shop dedicated to pump remanufacture and repair. Ranging from the pump needs of the oil and gas fields of Texas, New Mexico, Louisiana and Oklahoma, to keeping the water flowing for the cities and towns they call home, Odessa Pumps is the full-service pump company to help customers transfer their process fluids economically, efficiently, safely and do it with reliable equipment that is environmentally friendly.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Wholesaler | 14,940 SF | - | Triple Net | May 2033 |
PROPERTY TAXES
| Parcel Number | 598627 | Improvements Assessment | $2,410,095 |
| Land Assessment | $710,257 | Total Assessment | $3,120,352 |
PROPERTY TAXES
Presented by
Kingpin Industrial Park | 5654 Kingpin Dr
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