Cravey Real Estate Services & Partners Real Estate Sell River Court Shopping Center In Corpus Christi, Texas
14017 Northwest Blvd Corpus Christi, TX 78410, USA
Building Size
13,400 SF
Asset Type
Retail
Closing
Jul 19, 2023
AI
The River Court Shopping Center in Corpus Christi, Texas has been sold in a successful transaction by Cravey Real Estate Services, Inc. and Partners Real Estate. This retail property spans 13,400 square feet and is situated on Northwest Boulevard, offering excellent visibility on a main thoroughfare. The retail center boasts a diverse tenant mix and currently maintains full occupancy, providing a vibrant shopping experience for customers.
Summary of Transaction Details
- Property Type: Retail
- Square Footage: 13,400
- Address: 14017 Northwest Boulevard, Corpus Christi, Texas
- Market: Corpus Christi
- Seller: KCP River Court
- Selling Brokers: Lynann Pinkham - Cravey Real Estate Services, Inc.; Gustavo Torres - Partners Real Estate
Lynann Pinkham of Cravey Real Estate Services, Inc. and Gustavo Torres of Partners Real Estate played instrumental roles as brokers in this transaction. Their expertise and efforts contributed to the successful completion of the sale of River Court Shopping Center, further affirming their capabilities in the real estate industry.
Players
Texas Retail Market Snapshot
Boundary boundary · Retail · 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