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19827881
19827882

650 Flato Rd, Corpus Christi, TX 78405

SS
TX 789600
New Southern Commercial Real Estate
Listed by New Southern Commercial Real Estate
$2,590,000
645 days on market
Updated 8 days ago

25,500 SF Warehouse - Flato

Details
APN 7430-0006-0200
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 25,500
Cap Rate 8.61%
NOI $223,086
Occupancy 100%
Tenancy Single
Lease Type Gross
Lease Term 5
Lease Expiration 11/29/2028
Remaining Term 2.5
Rent Bumps Yes
Lease Options (2) Five-Year Renewal Options
Price per SqFt $102
Year Built 1981-2001
Year Renovated 2023
Acreage 2.780
Zoning Light Industrial
Lease Commencement 11/30/2023
Ceiling Height 14'-26'
Loading Docks 1

8.61% CAP | Industrial Investment Sale

Marketing description

Contact Steven at 361-905-5000 or at steven@newsoutherncommercial.com

100% Occupied with Lease Expiration 11/30/2028

Guaranty of Lease with “SRS Distribution Inc.” ($50M Revenue)

2023 Office Remodel and Fire-Suppression ($280,000 Tenant-Split)

24’ Stackable Height

3-Phase Power

Lease:

$248,520 Gross ($255,698 on 11/2026)

(-) $20,247 Taxes (2025)

(-) $5,187 Insurance (Excludes Wind & Storm)

  • $223,086 Net Equivalent

Building:

(13) 12’-14’ Overheads

3-Phase 480-V

(4) Office Suites

Break-room; Conference; Showroom

Flood Zone - 0%

2.78-acre industrial property centrally located in the industrial corridor of Corpus Christi, TX. Located between Agnes Rd. and Bear Lane, with average daily traffic counts of 11,500 (2021) and 3,200 (2023) vehicles, respectively. Located 1/2-mile from SPID; 2-miles south of I-37; and 5-miles south of the Port of Corpus Christi which is currently undergoing a $650 million infrastructure expansion as the nations largest energy export gateway.

Listing Contacts

SS
TX 789600
New Southern Commercial Real Estate
Listed by New Southern Commercial Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$223,086.00
$18,590.50/mo

Valuation Metrics

0
DSCR
8.61%
Cap Rate
8.61%
ROI

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Additional Information

Name
Steven Saules
License
789600
Brokerage
New Southern Commercial Real Estate
Brokerage Phone
3619055000
Title
Agent
Brokerage Address
2820 South Padre Island Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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