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726 NPID 15,000 SF Industrial Building Corpus Christi, TX 78406 $4,985,000 ($332.33/SF) 6.01% Cap Rate
INVESTMENT HIGHLIGHTS
- North Padre Island Drive Hwy Frontage
- Approx. 3.749 Acres, Fenced, Concrete Paved Yard
- Quality Tenant with Long Term Lease
EXECUTIVE SUMMARY
• Approx. 15,000 SF Total (Built in 2021)
- Approx. 3,000 SF Office
- Approx. 10,500 SF Warehouse
- Approx. 1,500 SF Wash Bay
• 480V 3 Phase 600 AMP Power
• 10 - 14’ x 16’ Electric OH Doors
• 5 Ton Crane (150’ Travel)
• Approx. 3.749 Acres, Fenced, Concrete Paved Yard
• Quality Tenant with Long Term Lease
• 3.5% Annual Increases
• Zoned IL - Light Industrial
• Highway Frontage with Direct Access to NPID and Flato Rd.
$4,985,000, Asking Price1
Current NOI $299,354
- Approx. 3,000 SF Office
- Approx. 10,500 SF Warehouse
- Approx. 1,500 SF Wash Bay
• 480V 3 Phase 600 AMP Power
• 10 - 14’ x 16’ Electric OH Doors
• 5 Ton Crane (150’ Travel)
• Approx. 3.749 Acres, Fenced, Concrete Paved Yard
• Quality Tenant with Long Term Lease
• 3.5% Annual Increases
• Zoned IL - Light Industrial
• Highway Frontage with Direct Access to NPID and Flato Rd.
$4,985,000, Asking Price1
Current NOI $299,354
PROPERTY FACTS
| Price | $4,985,000 | Lot Size | 3.75 AC |
| Price Per SF | $332.33 | Rentable Building Area | 15,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.01% | Year Built | 2021 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 10 |
| Building Class | B | ||
| Zoning | IL - IL - Light Industrial | ||
| Price | $4,985,000 |
| Price Per SF | $332.33 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.75 AC |
| Rentable Building Area | 15,000 SF |
| No. Stories | 1 |
| Year Built | 2021 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 10 |
| Zoning | IL - IL - Light Industrial |
AMENITIES
- Fenced Lot
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Cust-O-Fab Specialty Services, Inc.
- Manufacturing
- 15,000 SF
- -
- Triple Net
- Dec 2031
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Cust-O-Fab Specialty Services, Inc. | Manufacturing | 15,000 SF | - | Triple Net | Dec 2031 |
PROPERTY TAXES
| Parcel Number | 594216 | Improvements Assessment | $1,922,584 |
| Land Assessment | $1,183,972 | Total Assessment | $3,106,556 |
PROPERTY TAXES
Parcel Number
594216
Land Assessment
$1,183,972
Improvements Assessment
$1,922,584
Total Assessment
$3,106,556
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