Non-Performing Note Sale: Cinch Wireline Services Corpus Christi, Texas

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Non-Performing Note Sale: Cinch Wireline Services

Address

5821 Agnes Street
Corpus Christi, TX 78406

Collateral Overview

The Clinch Wireline Services Loan is collateralized by an industrial property located at 5821 Agnes Street, Corpus Christi, TX. The collateral consists of 19 light industrial buildings totaling 63,192 SF situated on 12.42 acres of land. The improvements were constructed between 1981 to 2013 and remain in average to good condition.

Additional improvements include canopies, approximately 2.27 acres of paved concrete parking for outdoor storage and paved drive aisles.

Corpus Christi Industrial Market Overview

The Corpus Christi industrial market is a port- and energy-driven industrial hub serving South Texas and global export markets. Demand is anchored by the Port of Corpus Christi, one of the nation’s leading energy export ports, which supports a broad ecosystem of petrochemical producers, energy service companies, industrial contractors, marine services, and regional logistics users.

Market fundamentals remain balanced, with moderate vacancy and limited speculative development relative to larger Texas metros. New construction is largely build-to-suit, reflecting specialized tenant requirements tied to energy, port activity, and infrastructure.

Investment Highlights

Strategic energy & port–serving location: The property is positioned along Agnes Street within Corpus Christi’s core industrial corridor, offering direct connectivity to the Port of Corpus Christi, US-181, I-37, and regional refinery and petrochemical facilities that drive consistent demand for service-oriented industrial land.

Large infill industrial land tract: The combined 12.42-acre (541,059 SF) site represents a rare opportunity to acquire scale within an established industrial submarket where few comparable large parcels remain available. Strong Population Growth and Employment Drivers in the area.

Highly functional yard configuration: The site is well suited for laydown yards, contractor storage, staging yards, equipment service operations, trucking terminals, and marine support uses, providing flexibility across multiple industrial tenant and owner-user profiles.

Strong logistics tailwinds: Continued expansion of the Port of Corpus Christi, petrochemical exports, and LNG investment supports long-term demand for nearby industrial support facilities and outdoor storage yards.