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5201 Crosstown Expy
Corpus Christi, TX 78416
Asking Price
$2.70M
Asset Type
Hotel Hospitality
Class
Class B
What's Special
Institutionally Owned and Managed <ul><li><span style="font-weight: bold">Diverse and Stable Demand Base:</span> The Homewood benefits from a mix of industrial, military, healthcare, education, and leisure demand drivers, including Naval Air Station Corpus Christi, Corpus Christi Army Depot, and regional healthcare systems</li><li><span style="font-weight: bold">Strategic Location Along Major Thoroughfares:</span> Situated along Crosstown Expressway (SH 286) with immediate access to South Padre Island Drive (SH 358), providing
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NOI
$80,000
Cap Rate
2.96%
DSCR
0.50
Underwater
Cash-on-Cash
-9.91%
Monthly Payment
$13,358.127
Annual Cash Flow
$-80,297.522
