Hilco Real Estate Announces The Sale Of A Well-Located Commercial Building In Corpus Christi, Texas
NORTHBROOK, Ill., July 27, 2021 / PRNewswire / – Hilco Real Estate LLC Announces Wednesday September 1st as the application deadline for the Landshark Fitness Building, a former fitness center in Body of Christ, one of Texas’s prime locations for nature lovers and coastal travel. The turnkey commercial building, measuring 17,070 square feet, sits on 1.92 acres.
The two-story property, built in 1998, has a clear tensioned structure that can accommodate a large number of users. As a former fitness center, the space offers a ready-to-move-in option for all boutique fitness companies with also available equipment and facilities (sold separately). Other options are due to the growing workforce and local population in the area and the zoning of the building (CG-2) which allows for a variety of uses including a restaurant, bar, retail, mall, professional office, mini warehouse , a vehicle, endless sales and repairs as well as multi-family use with a maximum density of 37 residential units per hectare.
Northwest of the coveted city center Body of Christ, and 1.6 km from I-96E and I-37, this commercial building is on a prime shopping corridor. The property is surrounded by national retailers and medical centers including: AutoZone, Chick-fil-A, Circle K, Denny’s, Dollar General, Firestone Auto Care, Five Points Shopping Center, O’Reilly Auto Parts, Petco, Popeye’s, Shell, Starbucks, Sunoco, Supercuts, Valero, Walmart and medical centers (Corpus Christi Medical Center, Calallen Medical Clinic).
Body of Christ is a city with approx. 326,586 inhabitants centrally in the southeast of San Antonio, east of Laredo, and west of the corpus Christ’s coast. According to DataUSA, the Body of Christ The metropolitan region contributed to more than 60,000 jobs and around 5,021 university degrees in 2018 and 2019, underscoring the region’s strong local workforce. The city offers many attractions including the Selena Museum, the Art Center of Body of Christ, Mustang Island State Park, Padre Island, Dolphin Connection, Texas State Aquarium, South Texas Botanical Gardens & Nature Center, USS Lexington Museum On The Bay, and a variety of water sports and dining options. Impressive post-2020 Covid-19 pandemic data collected by Visit Corpus Christi reports about eight million travelers and a whopping one $ 1 billion in tourism spending for Corpus Christi Economy 2021. According to CCREDC, their community loyalty study, titled “Our Coastal Bend: Creating our Best Place for People and Prosperity,” has begun identifying market-specific drivers of loyalty, as well as the strengths, gaps and improvements that can help improve those assets in the region. With such high scores on travel statistics and attractiveness effects, the region sees positive, likely results for converting this asset into a retail, lodging and / or restaurant.
Steve Madura, Senior Vice President at Hilco Real Estate, is positive about the sale and says, “Over the past few years Texas has become the national epicenter of economic growth. As international companies flock to the Lonely star State population growth rate has reached near stratospheric levels. Businesses large and small alike have benefited from this confluence of events. HRE therefore sees the offer as an exceptional opportunity for an owner / user or investor to acquire this versatile building with almost unlimited future uses. For the successful buyer, this is the epitome of being in the right place at the right time. “
The bid period for this sale is September 1, 2021. Hilco Real Estate, LLC is conducting the sale in cooperation with Stuart side, Texas Broker, License # 9005248. Property tours take place on selected dates and times only by appointment. To arrange a visit, contact Steve Madura at [email protected]. For more information about the property, an explanation of the sales process and terms of sale, and to access the virtual data room that contains all of the property’s due diligence reviews, please visit HilcoRealEstate.com.
For more information on this and other properties for sale, visit HilcoRealEstate.com.
About Hilco Real Estate
Hilco Real Estate (“HRE”), a Hilco Global company (HilcoGlobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. As an agent or client, HRE uses its experience to advise and implement strategies to help clients get the maximum value from their real estate assets. Using a variety of sales strategies and techniques, aggressive repositioning and restructuring experience, an extensive and motivated network of buyers and sellers, and extensive access to capital, HRE exceeds expectations for even the most complex transactions.
SOURCE Hilco Real Estate