Westside Plaza Shopping Center

Shopping Center for Sale
Catylist Listing ID: 30535882
Property Subtypes: Neighborhood Center
Building Size (RSF): 103,107 SF
Sale Price: $5,425,306
Unit Price: $52.62 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Westside Plaza
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Average Occupancy Rate: 78
Last Updated: 1/31/2020

Overview / Comments

Please contact the agent for more information about this listing.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R40008
Retail Clientele: Family
Property Visibility: Excellent
Largest Nearby Street: Marsha Sharp Freeway
Feet of Frontage: 1,000
Traffic/Vehicle Count: 65,000
Highway Access: Typical freeway access on the MSFW side. Typical retail street access on the 34th Street side.
Airports: Lubbock Regional Airport
Site Description: 8.78 acre site located on the frontage road of Marsha Sharp Freeway. Property is flat with no drainage issues.
Area Description: Freeway location in a mixed demographic area. Some low middle income and some very high income areas adjacent.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1987
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick over CMU
Parking Type: Surface
Parking Description: Good parking ratio. Lot is in average condition.
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Interior Description: 10,000 sf vacancy is ready to go-former Tue Morning space 12,000 sf vacancy has 14' ceilings and is sprinklered but need TI work inside.
Zoning Description: IHC
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Land Ownership: fee simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,630 117,375 211,687
Median Age: 31.25 31.95 32.14
Households: 6,539 46,812 82,459

Contact

Photograph of Listing Agent

Brad Andrews

Brad Andrews Realty West Texas CIE Member
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