1409 Waldron Rd - Office FOR SALE


Corpus Christi, TX 78418- Flour Bluff
$3,995,000 USD
361-834-6333
1409 Waldron Rd, Corpus Christi, TX for Sale
$3,995,000 USD
Office - FOR SALE
1/6
null | 7.41% Cap Rate

1409 Waldron Rd
Corpus Christi, TX 78418
Flour Bluff


HIGHLIGHTS

  • Mission Critical Facility
  • State of Texas Lease / AAA Credit
  • Long-Standing History
  • Build-to-Suit / Institutional Quality Construction
  • Long-Term Lease / Annual Increases

OVERVIEW

New Southern Commercial Real Estate is pleased to present the opportunity to acquire the Texas Parks & Wildlife Department Coastal Fisheries Division facility located at 1409 Waldron Road in Corpus Christi, Texas. The property is leased by the Texas Parks & Wildlife Department and serves as an operational location for the agency’s Coastal Fisheries Division. This offering presents investors with a rare opportunity to acquire a government-occupied asset backed by the State of Texas, one of the most stable credit tenants in the United States. The Coastal Fisheries Division is responsible for monitoring and managing marine fishery resources along the entire Texas Gulf Coast. The agency conducts scientific research, habitat monitoring, marine resource management, and fisheries enhancement programs to ensure the long-term sustainability of Texas’ coastal ecosystems. Located on North Padre Island near the Upper Laguna Madre ecosystem, the facility sits within one of the most biologically productive coastal fisheries environments in North America. Its proximity to the Gulf of Mexico and coastal bay systems allows the State of Texas to efficiently conduct marine research, fisheries monitoring, and habitat conservation operations. For investors seeking stable income and durable tenancy, the offering provides the following investment advantages: • Credit tenancy backed by the State of Texas • Essential government operations supporting marine resource management • Strategic location within one of Texas’ most important coastal ecosystems • Exposure to a strong and diversified regional economy • Position within a major Gulf Coast trade, energy, and tourism corridor Corpus Christi continues to emerge as one of the most strategically important coastal economies in Texas due to its role as a global energy export hub, maritime trade center, tourism destination, and military aviation training center. With long-term government occupancy and strong regional economic fundamentals, this property offers investors the opportunity to acquire a stable income-producing asset in a high-growth coastal market. Investment Highlights State of Texas Credit Tenant The tenant, the Texas Parks & Wildlife Department, is a state government agency responsible for managing Texas’ wildlife resources, state parks, fisheries, and conservation programs. Government-leased properties historically offer investors: • Low tenant default risk • Long-term operational necessity • Stable occupancy • Reliable rent payment backed by public funding For investors seeking defensive real estate investments, government tenancy is widely considered among the most secure income streams available in commercial real estate.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$336 USD /SF

CAP RATE

7.41%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Parks & Wildlife Department

PROPERTY TYPE

Office

ADD'L SUBTYPES

Warehouse, Service, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

CG-2

APN/PARCEL ID

546290

ASK ABOUT THIS PROPERTY

Wade SpenstNew Southern Commercial Real EstateMore Info
361-834-6333

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Wade SpenstNew Southern Commercial Real EstateMore Info
361-834-6333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.