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Corpus Christi, a coastal city rich in geography and bolstered by a strong infrastructure, offers a prime setting for commercial real estate investing. The city's strategic location, coupled with access to major highways and the presence of the Corpus Christi International Airport, enhances its connectivity, making it an attractive market for commercial properties. Its economy, diversified across sectors such as oil, agriculture, and military installations, provides a stable foundation for investments. The local education system, powered by institutions like Texas A&M University-Corpus Christi and Del Mar College, fosters a knowledgeable workforce, while the geography, with its proximity to both Nueces Bay and Corpus Christi Bay, offers unique opportunities for waterfront commercial properties.
Commercial real estate in Corpus Christi is poised to benefit from the city's significant economic drivers, including the fifth-largest U.S. port and the world’s largest helicopter repair facility. These factors not only enhance the city's appeal but also promise a steady influx of professionals and businesses in need of commercial space. Beyond commercial properties, the city's real estate landscape is diverse, offering numerous investment opportunities. For investors considering a "like-kind" property for a 1031 exchange, Corpus Christi has properties that could meet your requirements. Industrial properties, for instance, gain an edge from the logistical advantages provided by the city's transportation facilities. Apartment buildings cater to the housing needs of a growing workforce, while office spaces support the burgeoning business sector. Hotels capitalize on the city's status as a tourist destination, fueled by attractions like the Texas State Aquarium and Padre Island National Seashore. In summary, Corpus Christi presents a comprehensive and varied portfolio for real estate investment, underpinned by its economic, educational, and geographical advantages.
| Commercial Real Estate Size | Square Feet |
|---|---|
| Maximum | 474,664 SF |
| Average | 29,726 SF |
| Minimum | 900 SF |
| Commercial Real Estate Cap Rate | Cap Rate Percentage |
|---|---|
| Maximum | 9.42% |
| Average | 6.35% |
| Minimum | 3.54% |
| Commercial Real Estate Price | Price Per SF |
|---|---|
| Maximum | $1,218 Per SF |
| Average | $184 Per SF |
| Minimum | $13 Per SF |
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