Jeff Harkinson Of Harkinson Investment Corp Acquires Retail Asset On Saratoga Boulevard From LRIC Properties
5521 Saratoga Boulevard
Building Size
—
Asset Type
Retail
Closing
Dec 17, 2025
AI
The transaction involved the sale of 5521 Saratoga Boulevard, a retail asset situated in the Corpus Christi market, consisting of a shopping center spanning 90,768 square feet, with 96% of the space leased to tenants such as Dollar Tree and Physicians Premier ER. The property also includes 4.7 acres of adjacent land.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 5521 Saratoga Boulevard
- Market: Corpus Christi
- Buyer: Jeff Harkinson - Harkinson Investment Corp
- Seller: Steve Lipscomb - LRIC Properties
- Brokers: David Disney & Adam Crockett - Disney Investment Group
Dallas-based Disney Investment Group facilitated the transaction by representing the seller, LRIC Properties, while successfully securing the buyer, Harkinson Investment Corp, for the property transfer.
Players
Corpus Christi 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