Free Standing Income Producing Property

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30361807
Property Subtypes: Free-Standing Building
Status: Pending
Building Size (RSF): 15,465 SF
Gross Building Area: See Agent
Gross Land Area: 21,597 SF
Sale Price: $389,000
Unit Price: $25.15 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.3%
Average Occupancy Rate: 100
Last Updated: 2/19/2019

Overview / Comments

Free standing income producing property with I-27 frontage. Retail show room, 4 offices, break room and shop. Current tenant has 3 years left on lease, and a 5 year option with terms to be negotiated. Modified Gross type lease with special terms. Contact listing agent for further details.

Four 8', Two 14' and Two 10' OHD
Clear Height: 22'
VBD: 26,459

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R69905
Zoning: C-4
Property Visibility: Excellent
Largest Nearby Street: I-27, Avenue Q and 50th Street
Highway Access: I-27
Site Description: Exit from I-27 at 50th Street, and take the north service road to 4801.
Tenancy: Single Tenant
Year Renovated: 2016
Heat Type: Natural Gas
Heat Source: Central

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,994 91,244 178,272
Median Age: 28.6 30.51 32.14
Households: 4,016 33,330 67,210

Contact

Photograph of Listing Agent

Tom McDonald, ALC

WestMark Commercial West Texas CIE Member
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