Catylist ID:
#30661837
| Catylist Listing ID: | 30661837 |
| Property Subtypes: | Business Park, Office Building |
| Building Size (RSF): | 14,051 SF |
| Gross Land Area: | 1.41 Acres |
| Sale Price: | $2,021,919 - 2,290,313 |
| Unit Price: | $143.90 - 163 PSF |
| Property Use Type: | Investment, Vacant/Owner-User |
| Building Name: | The Suites at Stonewood |
| Class of Space: | Class A |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 11/12/2020 |
Overview / Comments
|
The Suites at Stonewood is a carefully planned office community designed to create a relaxed work environment to satisfy the professional. Four buildings feature multiple floorplans from 960 sq. ft. to 1,578 sq. ft. to accommodate a wide array of office users. Two other buildings (3,572 sq. ft. and 3,491 sq. ft.) are currently built but are in shell condition and available for a new owner to design the interior based on their own requirements (developer will also construct the interior out based on an allowance of $38.00 per sq. ft., which will be added to the price of the property or building). Designer finishes, pre-wired with CAT-5 cabling, coffee bars with granite countertops, and ADA-compliant restrooms are just some of the features to discover at the property. Southwest Lubbock continues its rapid growth with new residential, multi-family, retail and restaurant construction in a one-mile radius of the development. Call broker for additional details on acquiring one or multiple units in this development. Pricing: Entire Property (4 buildings; two completely finished, two shell construction.) "As Is" - $2,021,919 Entire Property (4 buildings; all four completely finished with $38 psf construction allowance on two shell buildings) - $2,290,313) Building 1 (completely finished) - 3,426 sq. ft. - $558,438 Building 2 (shell construction) - 3,572 sq. ft. - $446,500 or finished with allowance - $582,236 Building 3 (shell construction) - 3,491 sq. ft. - $436,375 or finished with allowance - $569,033 Building 4 (completely finished) - 3,562 sq. ft. - $580,606 |
Attachments & Media
Additional Details
| Nearest MSA: | Lubbock |
| County: | Lubbock |
| Tax ID/APN: | R331144 |
| Zoning: | LOCAL RETAIL DISTRICT |
| Property Visibility: | Excellent |
| Site Description: | Located four blocks south of 114th Street on the east side of Frankford Avenue in rapidly growing southwest Lubbock. |
| Total Number of Buildings: | 4 |
| Number of Stories: | 1 |
| Year Built: | 2020 |
| Parking Type: | Surface |
| Zoning Description: | Local Retail District |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 39,210 | 119,912 |
| Median Age: | 40.26 | 35.74 |
| Households: | 15,629 | 48,095 |
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