Downtown Office/Retail Investment For Sale

Office for Sale
Catylist Listing ID: 30217603
Property Subtypes: Business Park, Office Building
Building Size (RSF): 8,840 SF
Sale Price: $450,000
Unit Price: $50.90 PSF
Property Use Type: Investment
Building Name: Pan AM
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/29/2018

Overview / Comments

Investor or Owner-Operator investment building, generating lease
income, available. A Lease-to-Purchase option will be considered.
Flexible square footage offered to accommodate a one site office or
multiple suites. The building is currently generating $2,400.00 in
rental income. The present Owner/Attorney, utilizes a large amount
of space however is retiring soon. The large space is ready for an
Attorney, CPA, Bookkeeping, Financial Services, Insurance, and
Various Agencies. Owner will lease back for three months to allow
investor some time to lease the space. Four HVAC units with one
replaced in 2016 and roof in 2016. 12 potential office spaces, 5
current tenants and 30 parking spaces.

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Site Description: Investor or Owner-Operator investment building, generating lease income, available. A Lease-to-Purchase option will be considered. Flexible square footage offered to accommodate a one site office or multiple suites. The building is currently generating $2,400.00 in rental income. The present Landlord/attorney, utilizes a large amount of space however is retiring soon. The large space is ready for an Attorney, CPA, Bookkeeping, Financial Services, Insurance, and Various Agencies. Owner will lease back for three months to allow investor some time to lease the space. Four HVAC units with one replaced in 2016 and roof in 2016. 12 potential office spaces, 5 current tenants and 30 parking spaces.
Total Parking Spaces: 30

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,313 75,213 162,034
Median Age: 30.22 29.16 31.49
Households: 2,376 26,234 60,497

Contact

Photograph of Listing Agent

David Powell, CCIM

The Powell Group at Keller Williams Commercial
West Texas CIE Member
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