1024 Leopard StCorpus Christi, TX 78401

For Sale
$1,200,000

Prime location, high occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
92
This 7,800 square foot Class B office building at 1024 Leopard St, Corpus Christi, TX 78401, is a multi-tenant property currently boasting 100% occupancy with a strong net operating income (NOI) of $110,000. Offered at $1,200,000, this presents a compelling 9.17% capitalization rate. The property underwent extensive renovations in 2008 and again between 2017-2018, featuring modern amenities including a shared conference room, updated restrooms, and a welcoming common area. The building benefits from a prime location, just two blocks from City Hall and the Courthouse, and diagonally across from the RTA building, ensuring high visibility and traffic. The corner lot provides ample paved and secure parking. The roof and facade were recently updated with Owens Corning Duration shingles, and hurricane shutters are installed. This is a turnkey investment opportunity with long-term leases and a proven income stream. The lease type is gross, and the property features top-notch finishes.

Highlights

  • $1,200,000 asking price for a 7,800 SF Class B office building.
  • Located at 1024 Leopard St, Corpus Christi, TX 78401, two blocks from City Hall and the Courthouse.
  • 100% occupancy with a $110,000 NOI and a 9.17% cap rate.
  • Gross lease, multi-tenant property with a price per square foot of $153.85.
  • Fully renovated in 2008 and 2017-2018, featuring modern amenities, a new roof, and hurricane shutters.

Property Details for 1024 Leopard St

Property type
Other office properties, Office properties
Square Feet
7,800 SF
Class
B

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.796330847013
Longitude
-97.401612499936
1024 Leopard St, Corpus Christi, Texas

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1024 Leopard St
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