NNN Investment

Office for Sale
Sale Pending
Catylist Listing ID: 30356696
Property Subtypes: Office Building
Status: Pending
Building Size (RSF): 4,000 SF
Gross Building Area: See Agent
Sale Price: $635,138
Unit Price: $158.78 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 1/16/2019

Overview / Comments

This free standing building was renovated in 2018 for the tenant who signed a 5 year NNN lease.

Long term NNN investment
Interior Renovations in 2018
Do not disturb tenant

Financials

Finance Data Year 2018
Net Operating Income $50,811 (Annual)

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R174894
Zoning: C-3
Property Located Between: Located on the south side of 50th Street between Elgin Ave and Gary Ave
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2004
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,831 133,453 214,803
Median Age: 34.94 32.59 31.92
Households: 7,551 51,606 82,947

Contact

Photograph of Listing Agent

Karen Higgins, CCIM

WestMark Commercial West Texas CIE Member
Photograph of Listing Agent

Alison Blalock, CCIM

WestMark Commercial West Texas CIE Member
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