726 N Padre Island Dr (NPID)
726 North Padre Island Drive, Corpus Christi, TX
$5,250,000
Price
5.51%
Cap Rate
$289,230
NOI
Overview
Description
• 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 Price
Current NOI $289,230
Highlights
- North Padre Island Drive Hwy Frontage
- Quality Tenant with Long Term Lease
- Approx. 3.749 Acres, Fenced, Concrete Paved Yard