361-288-3102
5541 Bear Ln, Corpus Christi, TX for Sale
Flex - FOR SALE
1/19
null | 6.75% Cap Rate

5541 Bear Ln
Corpus Christi, TX 78405
Downtown Corpus Christi


HIGHLIGHTS

  • Diverse mix of traditional office and office/warehouse suites plus 12 grade-level overhead doors serving warehouse/flex tenants
  • Excellent visibility and accessibility near South Padre Island Drive (±74,198 VPD); convenient access to SPID, Crosstown Expressway and I-37
  • Long-standing tenant history with several occupants operating at the property for decades
  • Diverse tenant mix spanning government, industrial, engineering, logistics and service-related industries
  • 22 total suites offering multi-tenant diversification and leasing flexibility
  • Excellent regional accessibility for employees commuting from multiple Corpus Christi submarkets

OVERVIEW

Positioned along one of Corpus Christi’s primary industrial and commercial corridors, 5541 Bear Lane offers investors the opportunity to acquire a well-maintained, multi-tenant flex office asset with a diverse and established tenant mix. The 44,914 SF property consists of traditional office suites and flex office/warehouse spaces across two single-story buildings situated on 3.38 acres. Currently 84% occupied, the property provides immediate in-place cash flow while also offering meaningful upside through lease-up of the remaining vacancy. Tenants include regional and national users such as Texas Parks & Wildlife, Eaton Electric, Cravey Real Estate Services, Brite Star Services and Aeronautical Systems. Designed for functionality and tenant convenience, the property features abundant parking with approximately 126 shared spaces, 12 grade-level overhead doors and flexible suite configurations that accommodate a variety of office and light industrial users. Located approximately 1,000 feet from South Padre Island Drive (±74,198 VPD), the property offers exceptional access to SPID, Crosstown Expressway and I-37, providing efficient connectivity throughout the Corpus Christi market and surrounding communities.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Loft/Creative Space, Light Distribution, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

12

PARKING SPACES

126

LAND DETAILS

LAND ACRES

3.38

LAND SF

147,233

ZONING

IL

APN/PARCEL ID

275162

ASK ABOUT THIS PROPERTY

Lynann PinkhamCravey Real Estate Services, Inc.More Info
361-288-3102

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

Lynann PinkhamCravey Real Estate Services, Inc.More Info
361-288-3102

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