15,060 SF : Church and Fitness Tenants In Place

Industrial for Sale
Catylist Listing ID: 30295887
Property Subtypes: Flex Space, Light Industrial
Building Size (RSF): 15,060 SF
Gross Building Area: See Agent
Gross Land Area: 1.03 Acres
Sale Price: $992,000
Unit Price: $65.87 PSF
Docks/Doors: 1 Door
Drive In Bays: 1 Bay
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.58%
Last Updated: 10/18/2021

Overview / Comments

Located in the Santa Fe Industrial Park, accessible to two major highways, Loop 289 and Marsha Sharp Fwy. Milwaukee Ave, Spur 327 and 34th Street provide additional roadways. Located in a light industrial development that includes the Canyon West Shopping Center with major retailers such as Target, Burlington Coat Factory, PetSmart, Office Max, Sam’s Club and Several Restaurants. The building is 100’ deep and 150’ front with 3 bays. 12,060 SF has been leased to church assembly, lease expires 11/30/24. CrossFit tenant occupies 3,000 SF. There is a separate owner for the fourth bay to the south.

Current Tenants

Tenant Business Name Iron Root CrossFit
Tenant Business Name Thrive Family Church

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R164475
Zoning: M1
Area Description: Located in Santa Fe Park Industrial Area. Near HomeGoods, Sam’s Club, Canyon West Shopping Center, a Number of Hotels and some Apartments.
Tenancy: Multiple Tenants
Property Condition: Good
Year Built: 2003
Year Renovated: 2017
Roof Type: Flat
Parking Type: Surface
Parking Description: Paved Parking
Total Parking Spaces: 41
Heat Type: Natural Gas
Heat Source: Central, Ceiling Units
Air Conditioning: Package Unit
Zoning Description: Industrial zoned M-1 light manufacturing: church tenant and CrossFit tenant in place.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,857 86,303 193,337
Median Age: 28.92 33.71 32.63
Households: 4,523 35,794 76,332


Photograph of Listing Agent

Kirk A. Schneider, CCIM

WestMark Commercial | TCN Worldwide West Texas CIE Member
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