Updated Oct 12, 2026
SIMEX North America Leases 10,902 SF Industrial Warehouse From Humpal Real Estate In Corpus Christi
1314 Spindletop Rd
Building Size
10,902 SF
Asset Type
Industrial
Closing
Oct 7, 2026
About this deal
AI
SIMEX North America, Inc. has completed a lease transaction for a newly built industrial warehouse located at 1314 Spindletop Rd Bldg, Corpus Christi, TX. The asset comprises 10,902 square feet of space and is situated on a 2.6-acre site that features a crane-ready facility along with a 1.5-acre secured yard, catering to SIMEX's operations in U.S. sales, warehousing, repair, and maintenance.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1314 Spindletop Rd Bldg, Corpus Christi, TX
- Landlord: Humpal Real Estate, Ltd
- Tenant: SIMEX North America, Inc
- Landlord's Representative: Scott Fauver - Cravey Real Estate Services
This lease represents a strategic move for SIMEX North America, facilitating their operational capabilities in the region. Scott Fauver from Cravey Real Estate Services acted on behalf of Humpal Real Estate, further solidifying their role in the transaction.
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Industrial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93