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1314 Spindletop Rd

Updated Oct 12, 2026

SIMEX North America Leases 10,902 SF Industrial Warehouse From Humpal Real Estate In Corpus Christi
LEASEDIndustrial

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:

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.

On the Map

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Industrial

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Players

Scott Fauver

Cravey Real Estate Services

Broker

3 deals

Broker
Humpal Real Estate, Ltd
Humpal Real Estate, LtdLandlord
SIMEX North America, Inc
SIMEX North America, IncTenant
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Rudd Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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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

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