1257 Southern Minerals Rd - Warehouse FOR SALE


Corpus Christi, TX 78409- Northwest Corpus Christi
$4,790,000 USD
713-830-2191
1257 Southern Minerals Rd, Corpus Christi, TX for Sale
$4,790,000 USD
Warehouse - FOR SALE
1/11
null | 6.69% Cap Rate

1257 Southern Minerals Rd
Corpus Christi, TX 78409
Northwest Corpus Christi


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
  • Optimal Market for Tenant’s Business: The presence of major refining, petrochemical and LNG facilities in close proximity
  • 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
  • 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

OVERVIEW

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

FOR SALE DETAILS

PRICE

$4,790,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

6.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Setpoint I Corpus Christi

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2013

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.53

LAND SF

153,767

ZONING

I2

APN/PARCEL ID

373104

ASK ABOUT THIS PROPERTY

Todd MooreColliersMore Info
713-830-2191

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Todd MooreColliersMore Info
713-830-2191

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.