4408 6th Street

Office for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30730067
Property Subtypes: Medical, Office Building
Status: Pending
Building Size (RSF): 5,319 SF
Gross Building Area: See Agent
Gross Land Area: 29,998 SF
Sale Price: $1,250,000
Unit Price: $235.01 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 6/21/2021

Overview / Comments

Second generation medical office, NNN investment now available! This beautifully designed building, located in the highly sought after Rushland Park, boasts an 8% cap rate with a strong Tenant in place.

The property is located next door to a surgery center, near the medical district, and both University Medical Center (Level 1 Trauma Hospital) and Covenant Medical Center (Pediatric Trauma Center). It is also conveniently located near US 62/82 (Marsha Sharp Fwy), State Hwy 114, and Loop 289; providing quick and easy access to all highway systems.

If needed, the building could also potentially be used for an owner occupy.

Contact listing agent for more information or showings. Please do not disturb the Tenant.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Taxing Authority: Lubbock CAD
Tax ID/APN: R305095
Zoning: GARDEN OFFICE
Property Visibility: Good
Airports: LBB
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,319 SF
Year Built: 2005
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 33
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: Garden Office
Lot Frontage: 141
Lot Depth: 212
Water Service: Municipal
Sewer Type: Municipal
Legal Description: RUSHLAND PARK TR G1B2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,682 102,395 178,836
Median Age: 39.1 28.28 31.02
Households: 2,962 38,731 69,134

Contact

Photograph of Listing Agent

Jeremy Steen

McDougal, REALTORS
West Texas CIE Member
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