Listed by Corpus Christi Realty
$1,690,000
Multi-Tenant Office / Flex Investment Opportunity
Details
Property Type Mixed Use, Office
Sub Type Traditional Office, Executive Office
Square Footage 12,100
Net Rentable (SqFt) 12,100
Units 4
Cap Rate 8.58%
NOI $145,000
Occupancy 100%
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Pro-Forma Cap Rate 9.23%
Pro-Forma NOI $156,000
Price per SqFt $140
Broker Co-Op Yes
Year Built 2014
Buildings 3
Stories 1
Acreage 0.950
Investment Type Stabilized
Ground Lease No
100% Occupied | $145K NOI | 8.5% Cap Rate | NNN-Lite | South Side Growth Corridor
Marketing description
This 12,100 SF multi-building commercial property sits on 0.95 acres and features an established anchor tenant, The Pooch Pad, occupying approximately 6,000 SF, along with a 1,500 SF salon tenant. Approximately 4,600 SF is currently owner-occupied, offering a unique opportunity for a buyer to either continue occupancy or lease the space for additional income. The property benefits from modern construction (1997/2004), ample parking, and a layout suitable for office, service, and flex uses. Ideal for investors, owner-operators, or users seeking a combination of occupancy and income. Contact agent for rent roll and financials.
Listing Contacts
Listed by Corpus Christi Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$145,000.00
$12,083.33/mo
Valuation Metrics
0
DSCR
8.58%
Cap Rate
8.58%
ROI
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