Setpoint I Corpus Christi | 1257 Southern Minerals Rd
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Setpoint I Corpus Christi 1257 Southern Minerals Rd 28,200 SF Industrial Building Corpus Christi, TX 78409 $4,790,000 ($169.86/SF) 6.69% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Lease: Tenant has renewed a second 10-year lease with 9+ years remaining showcasing commitment to the location
- Optimal Market for Tenant’s Business: The presence of major refining, petrochemical and LNG facilities in close proximity
- Port of Corpus Christi: The port of Corpus is the nation’s largest energy exporter and the third-largest export port for Crude Oil
- Hands-Off Investment: Landlord responsibilities limited solely to Roof and Structure
- Strong Regional Credit: Setpoint has operated in this market since 2013 and is a $300 million revenue company with 14 locations along the gulf coast m
- Outdoor Storage Yard: The property features 0.63 acres of paved yard with an additional 1.23 acres of excess land
EXECUTIVE SUMMARY
Single-Tenant Net Lease Investment
Colliers is pleased to exclusively offer to qualified investors, the opportunity to purchase the Setpoint industrial facility, located in Corpus Christi, Texas.
The Corpus Christi facility consists of a ±28,200 SF industrial warehouse building built in 2013 and is situated on ±3.53 acres and currently has a 9+ year term remaining. This facility is available for purchase individually or as a 2 property portfolio to include the sister property in Freeport, Texas.
Investment Highlights
Long-Term Lease: Tenant has renewed a second 10-year lease with 9+ years remaining showcasing commitment to the location
Hands-Off Investment: Landlord responsibilities limited solely to Roof and Structure
Build-To-Suit Facility: This crane-served property was a build-to-suit for Setpoint in 2013
Optimal Market for Tenant’s Business: The presence of major refining, petrochemical and LNG facilities in close proximity provides Setpoint with a long-term and stable customer base
Strong Regional Credit: Setpoint has operated in this market since 2013 and is a $300 million revenue company with 14 locations along the gulf coast markets
Port of Corpus Christi: The port of Corpus is the nation’s largest energy exporter and the third-largest export port for Crude Oil
Outdoor Storage Yard: The property features 0.63 acres of paved yard with an additional 1.23 acres of excess land
Colliers is pleased to exclusively offer to qualified investors, the opportunity to purchase the Setpoint industrial facility, located in Corpus Christi, Texas.
The Corpus Christi facility consists of a ±28,200 SF industrial warehouse building built in 2013 and is situated on ±3.53 acres and currently has a 9+ year term remaining. This facility is available for purchase individually or as a 2 property portfolio to include the sister property in Freeport, Texas.
Investment Highlights
Long-Term Lease: Tenant has renewed a second 10-year lease with 9+ years remaining showcasing commitment to the location
Hands-Off Investment: Landlord responsibilities limited solely to Roof and Structure
Build-To-Suit Facility: This crane-served property was a build-to-suit for Setpoint in 2013
Optimal Market for Tenant’s Business: The presence of major refining, petrochemical and LNG facilities in close proximity provides Setpoint with a long-term and stable customer base
Strong Regional Credit: Setpoint has operated in this market since 2013 and is a $300 million revenue company with 14 locations along the gulf coast markets
Port of Corpus Christi: The port of Corpus is the nation’s largest energy exporter and the third-largest export port for Crude Oil
Outdoor Storage Yard: The property features 0.63 acres of paved yard with an additional 1.23 acres of excess land
PROPERTY FACTS
| Price | $4,790,000 | Lot Size | 3.53 AC |
| Price Per SF | $169.86 | Rentable Building Area | 28,200 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 6.69% | Year Built | 2013 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | ||
| Zoning | I2 | ||
| Price | $4,790,000 |
| Price Per SF | $169.86 |
| Sale Type | Investment |
| Cap Rate | 6.69% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Lot Size | 3.53 AC |
| Rentable Building Area | 28,200 SF |
| No. Stories | 2 |
| Year Built | 2013 |
| Tenancy | Single |
| Zoning | I2 |
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PROPERTY TAXES
| Parcel Number | 373104 | Improvements Assessment | $2,439,721 |
| Land Assessment | $346,003 | Total Assessment | $2,785,724 |
PROPERTY TAXES
Parcel Number
373104
Land Assessment
$346,003
Improvements Assessment
$2,439,721
Total Assessment
$2,785,724
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Setpoint I Corpus Christi | 1257 Southern Minerals Rd
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