Fully Leased Warehouse Investment For Sale - 8% CAP Rate

Industrial for Sale
Sale Pending
Catylist Listing ID: 30753489
Property Subtypes: Warehouse/Distribution
Status: Pending
Building Size (RSF): 21,800 SF
Gross Land Area: 43,924 SF
Sale Price: $700,000
Unit Price: $32.11 PSF
Docks/Doors: 2 Docks
Drive In Bays: 2 Bays
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 1/21/2022

Overview / Comments

Don't miss this great investment opportunity with two solid Tenants! This investment has Tenants in place boasting a 8% Cap Rate. The warehouse is conveniently located on E 42nd Street just off I-27 with access to Loop 289, and US 84.

The property is made up of two separate warehouses, Unit A (Lone Star Overnight) with approximately 11,840 sqft and Unit B (Betterment Retail Solution) with approximately 9,940 sqft.

Unit B has 2 loading docks including 2 overhead doors with plenty of parking and easy access for trucks of all sizes.
Unit A has 2 loading docks including 2 overhead doors with plenty of parking and easy access for trucks of all sizes. Unit A offers an easily accessible office space as well.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: Lubbock CAD
Tax ID/APN: R54382
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Excellent
Year Built: 1985
Year Renovated: 2021
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: LED
Zoning Description: M-1 Light Manufacturing
Lot Frontage: 160
Lot Depth: 227
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: BURLINGTON IND #2 BLK 3 L 11 & E35'OF 12

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,132 71,166 155,576
Median Age: 27.99 28.87 32.2
Households: 1,271 24,803 58,127


Photograph of Listing Agent

Ethan Quisenberry

McDougal, REALTORS West Texas CIE Member
Photograph of Listing Agent

Jeremy Steen

McDougal, REALTORS West Texas CIE Member
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