Corpus LLC Acquires Office Property In Corpus Christi From WFBT LLC
615 North Upper Broadway, Corpus Christi, TX, USA
Building Size
305,055 SF
Asset Type
Office
Closing
Dec 15, 2020
About this deal
AI
The office property located at 615 N. Upper Broadway in Corpus Christi has been sold in a recent transaction. The sale was completed on December 16, 2020. The property, spanning over 305,055 square feet, was listed on Instagram by Cody Payne.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 615 N. Upper Broadway
- Market: Corpus Christi
- Image: Cody Payne
- Date: 12/16/2020
- Asset Type: Office
- Square Footage: 305,055
The buyer in this transaction is Corpus LLC, and the seller is WFBT LLC. The deal was facilitated by Cody Payne, representing Colliers International as the broker.
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