For Sale
$2,601,715

522 Texan Trl Corpus Christi, TX 78411

7,211 SF Medical Office Building, 6.5% Cap Rate

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This fully leased, 7,211 square foot medical office building in Corpus Christi, Texas presents a compelling investment opportunity. Built in 2021, the property boasts a 6.50% capitalization rate and is situated at 522 Texan Trail, 78411, within a thriving commercial and medical district. The building is currently occupied by two tenants: Almouie Pediatrics (4,263 SF) and Confluent (Shea Physical Therapy) (2,948 SF). Both tenants have leases with 3% annual rent increases. Almouie Pediatrics' lease expires April 30, 2031, and Confluent's lease expires September 30, 2028. The asking price is $2,601,715, translating to $360.80 per square foot. The property benefits from its location in a densely populated residential area, near major medical facilities such as Driscoll Children's Hospital and Doctors Regional Hospital, as well as convenient amenities like HEB Grocery, CVS Pharmacy, and Freedom Fitness. Demographic data reveals an average household income within a 1-mile radius of $97,329 (ESRI 2023) and $87,363 within a 2-mile radius (ESRI 2023), with a population of 47,736 within a 2-mile radius (ESRI 2023). This property offers strong tenant occupancy, attractive lease terms, and a prime location within a high-demand medical market.

Property Details for 522 Texan Trl

Property type
Office properties, Medical offices
Square Feet
7,211 SF
Year Built
2021

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.7541108
Longitude
-97.3897117

FAQs

What type of property is this?
Office property - 7,211 SF Medical Office Building, 6.5% Cap Rate
Where is the office property located?
The property is located at 522 Texan Trl Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,601,715.
How can I contact the broker?
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522 Texan Trl
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