Government Investment Partners Sells Occupied Office Facility In Corpus Christi
4102 Greenwood Dr, Corpus Christi, TX 78416, USA
Building Size
51,307 SF
Asset Type
Office
Closing
Sep 17, 2020
About this deal
AI
The recently closed property transaction in Corpus Christi involved an office asset located at 4102 Greenwood Drive. This mission-critical government-leased facility, built in 1995 and renovated in 2010, spans a total of 51,307 square feet. Currently, the facility is fully occupied by the DFPS, ensuring a stable rental income.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Seller: Government Investment Partners
- Brokers: Geoff Ficke & Zack Ficke – Colliers International
- Market: Corpus Christi
The sellers in this transaction were Government Investment Partners. The deal was facilitated by Geoff Ficke & Zack Ficke from Colliers International, who represented the parties involved in the transaction. Corpus Christi's market served as the backdrop for this successful closing, highlighting the demand for office space in the area.
On the Map
Office
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Players
Corpus Christi Office Market Snapshot
Boundary boundary · Office · 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