1319 Corpus Christi St Laredo, TX 78040
- Medical offices
- 4,910 SF
Current Use by Public Records
- Holy Family Psychotherapy Training Institute / Mental Health Clinic / Psychotherapist
- La Familia Consulting & Counseling / Counselor
- Lighthouse Professional Counseling / Counselor
- Just Breathe Counseling, Consulting, and Coaching / Counselor
Property Details for 1319 Corpus Christi St
- Year built
- 2003
- Property size
- 4,910 SF
- Property type
- Medical offices
Description
This exceptional Class A medical office complex in Laredo, Texas, presents a compelling investment opportunity. Located at 1319 Corpus Christi St, 78040, this property boasts 4,910 square feet of net rentable space across two buildings, each two stories high, built in 2003. Currently housing seven tenants with a 90% occupancy rate, the property generates a strong NOI of $34,788, yielding a 6.00% cap rate. The asking price is $649,000, translating to $132.18 per square foot and $72,111.11 per unit. The property sits on a 9,645 square foot lot and is zoned B1. The sale includes nine units, thirteen bedrooms, and ample parking. The property is free and clear, with a gross lease type and no tenant credit rating. Occupancy is projected to remain at 90% until August 14, 2024. This is a multi-tenant property offering a stable income stream and significant potential for future growth. The property's prime location in Webb County ensures high visibility and accessibility for both patients and tenants. This is a rare opportunity to acquire a well-maintained, high-performing medical office complex in a thriving Texas market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Laredo
- County
- Webb
- State
- Texas
- Longitude
- -99.4826039
- Latitude
- 27.5080438
