For Sale
$985,000

1011 Santa Fe St Corpus Christi, TX 78404

Prime Office Portfolio: 10.25% Cap Rate

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a portfolio of three traditional office buildings totaling 8,477 square feet, located at 1005, 1011, and 1015 Santa Fe Street in Corpus Christi, Texas, 78404. The portfolio boasts 100% occupancy with three dependable tenants under gross lease agreements, generating a strong net operating income (NOI) of $101,000 and a compelling 10.25% capitalization rate. Priced at $985,000, this translates to $116.20 per square foot. Situated in a thriving area ideal for medical and general office uses, the property benefits from its proximity to Corpus Christi Bay and the recently completed Fishpond Independent Living Apartments. The high-traffic Santa Fe Street location ensures excellent visibility and accessibility, further enhanced by gated parking. The portfolio's strong tenancy and low-maintenance tenants make this an attractive owner-user or investment opportunity. The area is experiencing significant revitalization, with new developments underway, promising continued growth and value appreciation. This Class C property offers a rare combination of strong cash flow, excellent location, and significant upside potential.

Highlights

  • High-traffic location on Santa Fe Street.
  • Proximity to the medical office district.
  • Secure gated parking.
  • Two blocks from Corpus Christi Bay.

Property Details for 1011 Santa Fe St

Property type
Office properties
Square Feet
8,477 SF
Class
C

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.7820165
Longitude
-97.3990607

FAQs

What type of property is this?
Office property - Prime Office Portfolio: 10.25% Cap Rate
Where is the office property located?
The property is located at 1011 Santa Fe St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: High-traffic location on Santa Fe Street.; Proximity to the medical office district.; Secure gated parking.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1011 Santa Fe St
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