650 Flato Rd Corpus Christi, TX 78405
25,500 SF industrial property in Corpus Christi, Texas.
Type:Industrial
Property size:
25,500 SFLot size:
2.78 AcresPrice / SF:
$101/SF- Added:
- Aug 29, 2024
- Days on Market:
- 608
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 650 Flato Rd
General Information
- Standard status
- Active
- Size
- 25,500 SF
- Lot size
- 2.78 Acres
- Property subtype
- Industrial
Listing agent Steven Saules License #789600
Listing office New Southern Commercial Real Estate
Listing date Aug 29, 2024
Source Crexi
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 New Southern Commercial Real Estate
Overview
Corpus Christi Industrial Investment Property
This 2.78-acre industrial property is centrally located in the industrial corridor of Corpus Christi, TX, situated between Agnes Rd. and Bear Lane. Traffic counts average 11,500 vehicles daily on Agnes Rd. (2021) and 3,200 on Bear Lane (2023). The property is located approximately 0.5 miles from SPID, 2 miles south of I-37, and 5 miles south of the Port of Corpus Christi, which is undergoing a $650 million infrastructure expansion. The building features thirteen 12-14’ overhead doors and 3-phase 480-V power. The property also includes four office suites, a break room, a conference room, and a showroom. The building has a 24’ stackable height and a fire-suppression system, with recent office remodeling completed in 2023. The property is 100% occupied with a lease expiring on 11/30/2028, guaranteed by SRS Distribution Inc. The lease generates $248,520 gross annually, increasing to $255,698 in November 2026. Equivalent net income is $223,086 after deducting 2025 taxes of $20,247 and insurance (excluding wind and storm) of $5,187. The property is located in a flood zone with 0% risk.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Texas Pool Supply
Big Box & Wholesale Store
Similar Places Nearby
- VeriTrust — 4930 Old Brownsville Rd, Corpus Christi, TX 78405
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.460773
- Latitude
- 27.764347
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - 25,500 SF industrial property in Corpus Christi, Texas.
Where is this warehouse located?
The property is located at 650 Flato Rd Corpus Christi, TX.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: 100% Occupied with Lease Expiration 11/30/2028; Guaranty of Lease with “SRS Distribution Inc.” ($50M Revenue); **Lease: $248,520 Gross ($255,698 on 11/2026)**
