Single-Tenant Corporate NNN Office
For Sale
Contact for pricing
330 Opportunity Drive, Corpus Christi, TX 78405
Single-tenant facility leased to Alorica with corporate-guaranteed NNN terms and extensive on-site parking for large-scale operations.
Property Size58,843 SF
Price / SF$190.59
Days on Market80
Property Features for 330 Opportunity Drive
General Information
Standard status
Active
Size
58,843 SF
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$897,356
Building Details
Year Renovated
2019
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Berlin Group
Listed By:
Benedict Gutierrez · License #BK3317434
(305) 281-8087
Source:
Crexi
Added: Jun 17
Changed: Sep 2
Last Checked: Sep 4 at 7:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berlin Group
Investment Insights
Based on property information with market context.
The subject property is a single-tenant office facility fully occupied by Alorica. The asset provides approximately 58,843 square feet on about 9.97 acres and includes extensive on-site parking designed to support a large workforce. Since 2019, the tenant has invested more than $4 million in tenant-funded capital improvements.
The lease is structured as a corporate guaranteed triple-net (NNN) arrangement with the tenant responsible for real estate taxes, insurance, utilities, and interior maintenance. Landlord responsibilities are limited to roof and structure. The roof was replaced in 2019 and carries a 15-year warranty.
Approximately 6.5 years remain on the base term, with 2% annual rent increases and two, five-year renewal options. The property is located at 330 Opportunity Drive, Corpus Christi, TX 78405.
The lease is structured as a corporate guaranteed triple-net (NNN) arrangement with the tenant responsible for real estate taxes, insurance, utilities, and interior maintenance. Landlord responsibilities are limited to roof and structure. The roof was replaced in 2019 and carries a 15-year warranty.
Approximately 6.5 years remain on the base term, with 2% annual rent increases and two, five-year renewal options. The property is located at 330 Opportunity Drive, Corpus Christi, TX 78405.
Key Highlights
- Single‑tenant facility leased to Alorica, a customer experience (CX) and BPO operator
- 58,843 SF on approx. 9.97 acres in Corpus Christi, TX with extensive on‑site parking for large‑scale workforce operations
- Corporate‑guaranteed triple‑net (NNN) lease: tenant pays real estate taxes, insurance, utilities, and interior maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$843,066
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,861,320
$16.9M
Cap Rate 7%
$12,043,800
$12.0M
Cap Rate 9%
$9,367,400
$9.4M
Market Conditions
NOI Build-Up for 58,843 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.32M $22.44/SF
− Vacancy
−$196.3K −$3.34/SF
EGI
$1.12M $19.10/SF
− OpEx
−$281.0K −$4.78/SF
NOI
$843.1K $14.33/SF
Area
Corpus Christi, TX
Vacancy
14.87%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$16,861,320
Cap Rate 7%
$12,043,800
Cap Rate 9%
$9,367,400
Alternative Uses
Best Use
Office B
$12.04M
$10.54M – $14.05M
NOI $843,066 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.00M
$12.25M – $16.33M
NOI $980,089 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 78405, TX
14,151
Population
6,068
Households
2.3
Avg Household Size
37
Median Age
4%
College-Educated
62%
High-School Grad
5.1 sq mi
ZIP Area
2,775
Density / Sq Mi
$37,188
Median Household Income
$25,323
Median Earnings
$1,030
Median Rent
$75,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-tenant facility leased to Alorica with corporate-guaranteed NNN terms and extensive on-site parking for large-scale operations.
Where is this office building located?
The property is located at 330 Opportunity Drive Corpus Christi, TX.
What is the asking price?
The asking price for this property is $11,215,000.
What are key features of this property?
This property features: Single‑tenant facility leased to Alorica, a customer experience (CX) and BPO operator; 58,843 SF on approx. 9.97 acres in Corpus Christi, TX with extensive on‑site parking for large‑scale workforce operations; Corporate‑guaranteed triple‑net (NNN) lease: tenant pays real estate taxes, insurance, utilities, and interior maintenance
