5564 Ayers St, Unit 5566 Corpus Christi, TX 78415-4103

Property Details for 5564 Ayers St

Year built

1950

Lot size

5.01 lot acres

Property size

43,839 SF

Zone code

I-2

Property type

Industrial properties

APN

3498-0000-0020

APU

349800000020

Description

This exceptional investment opportunity presents a multi-tenant industrial portfolio encompassing 73,640 square feet on a 9.7-acre site in Corpus Christi, Texas. The property, known as the McCord Business Center, is strategically located near the Cross-Town Expressway, offering convenient access. The portfolio comprises several buildings with diverse features. Three concrete block buildings, totaling approximately 50,000 square feet, feature multiple rooms, some with private restrooms and individual electric meters. These buildings are currently undergoing renovations. Two additional steel buildings, totaling approximately 23,640 square feet, offer high ceilings, covered loading docks, and ample space for large vehicles. These buildings boast modern amenities including LED lighting, air-conditioned offices, and recently replaced R-panel roofs. One building includes a coffee bar. The property also includes approximately three acres of vacant, level, and compacted land suitable for future development. The entire property is fenced and gated, enhancing security. The asking price is $8,555,000, representing a compelling 8.00% cap rate and a price per square foot of $116.17. This portfolio offers a strong return on investment with potential for future expansion and increased rental income. The property is situated at 5564-5570 Ayers Street, Corpus Christi, Texas, 78415, in Nueces County. The lease type is modified, and the tenancy is multi-tenant.

Location Insight

City

Corpus Christi

County

Nueces

State

Texas

Longitude

-97.4308

Latitude

27.7267

CBSA code

18580

CBSA name

CORPUS CHRISTI, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments