Enterprise Products Partners Acquires Industrial Property In Corpus Christi From Humpal Real Estate
1330 Rider Road
Building Size
9,508 SF
Asset Type
Industrial
Closing
Feb 22, 2024
AI
The industrial property located at 1330 Rider Road in Corpus Christi, spanning 9,508 square feet on 4 acres, was recently involved in a sale transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1330 Rider Road
- Market: Corpus Christi
- Buyer: Randall Fowler - Enterprise Products Partners
- Seller: Humpal Real Estate
- Buyer's Representative: Rob Stillwell - Newmark
- Seller's Representative: Scott Fauver - Cravey Real Estate
Randall Fowler, representing Enterprise Products Partners, successfully acquired the industrial property. The seller, Humpal Real Estate, was represented by Scott Fauver of Cravey Real Estate. Facilitating the deal for the buyer was Rob Stillwell from Newmark.
Players
Corpus Christi Industrial Market Snapshot
Boundary boundary · Industrial · Sale 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