The subject property is a single-tenant facility fully occupied by Alorica, one of the world’s largest customer experience (CX) and business process outsourcing (BPO) operators. The asset consists of 58,843 SF on approx. 9.97 acres in Corpus Christi, TX with extensive on-site parking supporting large-scale workfoce operations.
Alorica has demonstrated a long-term commitment to the site, including over $4 million in tenant-funded capital improvements since 2019. The lease is structured as a corporate guaranteed triple-net (NNN) lease, with the tenant responsible for real estate taxes, insurance, utilities, and interior maintenance. Landlord responsibilities are limited to roof and structure; the roof was replaced in 2019 and carries a 15-year warranty.
The lease has approximately 6.5 years remaining on the base term, with 2% annual rent increases and two, five-year renewal options.