5110 Wilkinson - Loft/Creative Space FOR SALE


Corpus Christi, TX 78415
$1,175,000 USD
210-414-0942
5110 Wilkinson, Corpus Christi, TX for Sale
$1,175,000 USD
Loft/Creative Space - FOR SALE
1/25
null | 5.11% Cap Rate

5110 Wilkinson
Corpus Christi, TX 78415


HIGHLIGHTS

  • Easy access to SPID
  • Central business area
  • Large parking lot
  • Recently Remodeled Roof!
  • Fully Occupied
  • 3 Maintained HVAC and 1 Newly Installed System in 2023

OVERVIEW

Alexander Business Center is a rare flexible office opportunity in the thriving office market of central Corpus Christi, the masonry- constructed building, which was built in 1983, and totals 8,000 square feet of space. Fully renovated in 2008 and most recently with a new HVAC system installed in 2023. Building has been maintained vigorously for the past 16 years by current owner. The property has ample parking available for tenant use. Which is ideal to accommodate visiting clients as well as employees at the location. All in all, there are 40 parking spots available. The building is currently 100% occupied by diverse professional groups of approximately seven tenants, including insurance agent, engineers, doctor, and law groups, etc. This offers a new investor the rare ability to continue working with well-established tenants with operational cash flow. This well maintained building offers amazing potential for even an investor occupancy. Alexander Business Center offers prominent positioning surrounded by national retailers, hotels, eateries, interstate connection, and a robust demographic breakdown that helps support a unique office environment. The building is directly behind a highly trafficked area that draws a steady stream of clients to the area. This portion of Corpus Christi is directly off a confluence point of SPID, offering a streamlined commuting route farther into Central Corpus Christi. The location has a dense hotel concentration in the area, with over ten different accommodations varying quality and size, all within a mile of Alexander Business Center which will attract business travelers and visitors. The surrounding 5-mile demographics assist in creating an idealist office environment.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$147 USD /SF

CAP RATE

5.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alexander Business Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

COMMERCIAL

APN/PARCEL ID

259406

ASK ABOUT THIS PROPERTY

Jacqueline PalaciosGodspeed Group LLCMore Info
210-414-0942

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Jacqueline PalaciosGodspeed Group LLCMore Info
210-414-0942

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