726 NPID
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726 NPID
15,000 SF Industrial Building Corpus Christi, TX 78406 £4,107,863 (£274/SF) 5.51% Net Initial Yield
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.
$5,250,000, Asking Price1
Current NOI $289,230
- 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.
$5,250,000, Asking Price1
Current NOI $289,230
Property Facts
| Price | £4,107,863 | Lot Size | 3.75 AC |
| Price Per SF | £274 | Rentable Building Area | 15,000 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 5.51% | Year Built | 2021 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Level Access Doors | 10 |
| Building Class | B |
| Price | £4,107,863 |
| Price Per SF | £274 |
| Sale Type | Investment |
| Net Initial Yield | 5.51% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.75 AC |
| Rentable Building Area | 15,000 SF |
| Number of Floors | 1 |
| Year Built | 2021 |
| Tenancy | Single |
| Level Access Doors | 10 |
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
- -
- NNN
- Dec 2031
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Cust-O-Fab Specialty Services, Inc. | Manufacturing | 15,000 SF | - | NNN | Dec 2031 |
zoning
| Zoning Code | IL (IL - Light Industrial) |
| IL (IL - Light Industrial) |
-
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The Gaines Organization, Inc.
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