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Texas Parks & Wildlife Department 1409 Waldron Rd 11,896 SF Office Building Corpus Christi, TX 78418 $5,164,904 CAD ($434.17 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Mission Critical Facility
- Long-Standing History
- Long-Term Lease / Annual Increases
- State of Texas Lease / AAA Credit
- Build-to-Suit / Institutional Quality Construction
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the property located at 1409 Waldron Road, Corpus Christi, Texas (the "Property").
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
11,896 SF
Building Class
C
Year Built
2022
Price
$5,164,904 CAD
Price Per SF
$434.17 CAD
Cap Rate
8%
NOI
$413,234 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,896 SF
Building FAR
0.30
Lot Size
0.90 AC
1 1
PROPERTY TAXES
| Parcel Number | 546290 | Improvements Assessment | $1,376,252 CAD |
| Land Assessment | $978,348 CAD | Total Assessment | $2,354,601 CAD |
PROPERTY TAXES
Parcel Number
546290
Land Assessment
$978,348 CAD
Improvements Assessment
$1,376,252 CAD
Total Assessment
$2,354,601 CAD
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Texas Parks & Wildlife Department | 1409 Waldron Rd
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