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NNN R&D/Flex by Corpus Christi Int'l Airport 1733 N Padre Island Dr

14,884 SF Flex Building Corpus Christi, TX 78408 $2,666,083 CAD ($179 CAD/SF) 6.75% Cap Rate

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Investment Highlights

4% annual rent escalations on a firm NNN lease through 2027 to credit tenant Eurofins Scientific, a world-leading laboratories testing company.
Property is an investor's dream as landlord responsibilities will be low and Texas has a very business-friendly environment with no state income tax.
Optionality for an investor to implement their own lease-up strategy as the current tenant has a few years remaining on their lease w/ no extensions.

Prime 14,884-SF R&D/flex asset on a 2.91-acre lot with 40 surface level parking spaces and excess land for development.
Located amid a dense residential population of more than 84,340 within a 5-mile radius, and the property sees high traffic counts exceeding 47K VPD.
The property generates an impressive in-place net operating income north of $128,000.

Offering Memorandum
Operating and Financials
Purchase Agreement
Third Party Reports
Title and Insurance
Register to Bid Instructions

Property Facts

Price	$2,666,083 CAD	Lot Size	2.91 AC
Price Per SF	$179 CAD	Rentable Building Area	14,884 SF
Sale Type	Investment	No. Stories	1
Cap Rate	6.75%	Year Built	1982
Property Type	Flex	Tenancy	Single
Property Subtype	R&D Industrial Manufacturing	Parking Ratio	2.69/1,000 SF
Building Class	C

Price	$2,666,083 CAD
Price Per SF	$179 CAD
Sale Type	Investment
Cap Rate	6.75%
Property Type	Flex
Property Subtype	R&D Industrial Manufacturing
Building Class	C
Lot Size	2.91 AC
Rentable Building Area	14,884 SF
No. Stories	1
Year Built	1982
Tenancy	Single
Parking Ratio	2.69/1,000 SF