1515 ENNIS JOSLIN RD | CORPUS CHRISTI, TX 78412
Visit Doc CenterExecutive Summary
Berkadia’s Multifamily Investment Advisory Team is pleased to present the exclusive offering of The Shores, a 356-unit, well-maintained and historically stable garden-style community located in Corpus Christi’s dynamic South Side submarket, just minutes from Texas A&M University–Corpus Christi. Comprised of two phases built in 1977 and 1981, the Property encompasses thirty-five (35) two-story residential buildings and two (2) one-story buildings (leasing office and fitness center), on 17.18 acres with a favorable density of 20.72 units per acre on sprawling grounds directly across Ennis Joslin from Oso Bay. Strategically positioned at the epicenter of the Ennis Joslin corridor, The Shores offers tenants direct access to key economic drivers including Texas A&M University – Corpus Christi, NAS – Corpus Christi, Corpus Christi Army Depot, Corpus Christi Medical Center – Bay Area, and CHRISTUS Spohn Hospital – South Side. The Shores also offers residents easy access to the city’s premier retail corridor located along South Padre Island Drive. Notably, La Palmera, Moore Plaza, Sunrise Mall, and Gulfway Shopping Center are all positioned under 3 miles away from the Property.
The Shores offers investors a rare opportunity to acquire a well-maintained, historically stable asset with meaningful scale in a desirable pocket, delivering strong current cash flow and attractive in-place yields further enhanced by a favorable Fannie Mae loan assumption. With 100% classic units and minimal deferred maintenance, the property presents compelling upside through targeted operational improvements, interior upgrades, and amenity enhancements—positioning new ownership to benefit from durable day-one cash flow and enhanced investment performance over time.
Investment Highlights
FAVORABLE FANNIE MAE LOAN ASSUMPTION
The Shores is being offered as a full-term interest only loan assumption, allowing prospective investors to benefit from the favorable terms of the current Fannie Mae loan.
A summary of the current loan terms is the following:
Original Loan Information*
Origination Date: June 1, 2018
Maturity Date: June 1, 2033
Term: 15 years | One Hundred Eighty (180) Months
Interest Only Period: Full-Term IO | 15 Years | One Hundred Eighty (180) Months
Remaining Term: 7 years | Eighty-Four (84) Months
Interest Rate: 4.65% Fixed
Loan Amount: $16,000,000
*The remaining term to maturity may allow a buyer to pursue a supplemental loan at acquisition, subject to lender approval.WELL MAINTAINED, GARDEN-STYLE COMMUNITY WITH THOUGHTFUL AMENITIES
The Shores offers a comprehensive amenity package designed to enhance resident satisfaction and support long-term retention. Community amenities include covered parking, 4 laundry rooms, 3 swimming pools, a spa/hot tub, fitness center, sand volleyball court, basketball half court, and picnic areas with grills, all situated within a well-maintained community setting. The property is also pet friendly, offers convenient access to public transportation and TAMUCC shuttle service, and is supported by 24-hour emergency maintenance, further strengthening its appeal to a broad resident base.
The property offers spacious one-, two-, and three-bedroom floor plans designed to appeal to a broad resident profile. Unit interiors feature a well-rounded mix of practical and lifestyle-oriented amenities, including private patios or balconies, large closets, outside storage, washer/dryer connections, in-unit washers and dryers, air conditioning, dishwashers, garbage disposals, frost-free refrigerators, ceiling fans, woodburning fireplaces, and ceramic or wood laminate flooring.
PREFERRED SOUTH SIDE LOCATION WITH PREMIER ACCESSIBILITY TO SOUTH PADRE ISLAND DRIVE
The Shores is poised to thrive thanks to its prime location within the Ennis Joslin corridor and direct access to South Padre Island Drive, the region’s primary east-west thoroughfare. Residents benefit from immediate access to major employment hubs, including CHRISTUS Spohn Hospital, Corpus Christi Medical Center, Texas A&M University–Corpus Christi, NAS–Corpus Christi, and Corpus Christi Army Depot. The Port of Corpus Christi, the Corpus Christi CBD, and Corpus Christi International Airport are all within a 15-minute drive of the property.
In addition, The Shores boasts unrivaled proximity to the city’s main retail and dining corridor along South Padre Island Drive. La Palmera Mall—featuring more than 120 retailers and attracting over 7 million visitors annually—along with Moore Plaza, Sunrise Mall, and Gulfway Shopping Center are all located within two miles of the property. Everyday conveniences and popular national retailers, including H‑E‑B Plus, Walmart Supercenter, Target, Taco Bell, McDonald’s, Whataburger, Saltgrass Steak House, and Jersey Mike’s, among others, are all within a three‑mile radius, offering residents unmatched access to the South Side’s dominant retail, dining, and service amenities.
MAJOR CAPITAL INVESTMENT CONTINUES IN CORPUS CHRISTI MSA
Recreational tourism has historically been a key driver of the Corpus Christi economy, but the metro is becoming increasingly diversified, lessening its dependence on any one industry. Over the past several years, the energy, education, healthcare, and shipping sectors have all posted meaningful growth across the Corpus Christi MSA. Since 2010, the Coastal Bend region has attracted more than $52 billion in private-sector investment, including projects that have been completed, are currently underway, or have been announced.
A wave of transformative public and private investment is continuing to reshape the market. Notable developments include the $1.3 billion Harbor Bridge replacement, the $92 million Ship Channel Improvement Project, Exxon and SABIC’s $10 billion plastics manufacturing facility in Gregory, Tesla’s recently completed 1,200+ acre lithium refinery in Robstown—the largest in the U.S.—Steel Dynamics’ $1.8 billion electric arc furnace mill in Sinton, and Cheniere Energy’s 1,000-acre Phase III expansion. Once Cheniere’s expansion is fully operational, currently projected for 2027, employment at the site is expected to reach approximately 1,150 workers, marking a 65% increase from 2022 levels.
Institutional and healthcare investment is also contributing to the region’s long-term momentum. Texas A&M University–Corpus Christi is advancing an $81 million renovation of its Arts and Media building, with delivery anticipated in summer 2026. Meanwhile, Corpus Christi Medical Center – Bay Area recently completed an expansion of its emergency department in December 2025 and is moving forward with Phase II, which will add 48 beds across the fifth and sixth floors. Together, these investments are supporting sustained economic expansion and reinforcing the long-term outlook for the Corpus Christi region.
PORT OF CORPUS CHRISTI CONTINUES TO THRIVE WITH RECORD FIRST QUARTER
The Port of Corpus Christi, operational since 1926, continues to reinforce its position as one of the nation’s most important energy export and industrial hubs. As a leading U.S. energy export gateway and the third largest port in the country by total waterborne tonnage, the Port remains a critical economic driver for the Corpus Christi MSA and broader Texas economy. In the first quarter of 2026, Port customers moved a record 54.5 million tons of commodities through the Corpus Christi Ship Channel, marking the strongest first-quarter performance in the Port’s history and a 6.1% increase over the prior year, while March 2026 established a new monthly record with 19.9 million tons moved. Supported by more than $1 billion of infrastructure investment over the past decade, the Port of Corpus Christi continues to enhance the region’s appeal for large-scale industrial and energy investment, further strengthening long-term economic growth, employment expansion, and regional competitiveness.
- #1 Crude Oil Export Gateway in the U.S.
- #3 Largest Port in the US By Total Waterborne Tonnage
- #2 U.S. Port for LNG Exports
- 95,000+ Port-Related Jobs
Q1 2026 BY THE NUMBERS:
- 54.5 million tons moved in Q1 2026 (Record Q1 Volume)
- 19.9 million tons moved in March 2026 (New Monthly Record)
- 6.1% YOY Increase in Q1 Volume
- 33% YOY Increase in LNG shipments
Amenities
Community Amenities
- Covered Parking
- 4 Laundry Rooms
- 24-Hour Emergency Maintenance
- Fitness Center
- 3 Swimming Pools
- Spa / Hot Tub
- Sand Volleyball Court
- Basketball Half Court
- Picnic Area With Grills
- Pet Friendly (small pets welcome)
- Near Public Transportation
- TAMUCC shuttle
Apartment Features
- Large Closets
- Washer/Dryer Connections
- Washer/Dryers Available
- Central Air Conditioning/Heat
- Wood Style/Ceramic Flooring and Bedroom Carpeting
- Woodburning Fireplaces
- Ceiling Fans
- Frost-Free Refrigerators
- Dishwashers
- Garbage Disposals
- Patio/Balcony
- Outside Storage
*Some amenities are only available in select apartments
Contact us
INVESTMENT SALES
KELLY WITHERSPOON
Senior Managing Director
T: +1 512 226 8706
[email protected]
JUSTIN COLE
Managing Director
T: +1 512 226 8711
[email protected]
ADAM SUMRALL
Director
T: +1 512 960 2674
[email protected]
BENOIT ROCHARD
Director
T: 512 226 8716
[email protected]
FINANCING
CAMERON HART
Managing Director
T: +1 512 226 8708
[email protected]
JOHN ROMANO
Associate Director
T: +1 512 226 8714
[email protected]

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