12 Free Standing Shop Storage with room to expand

Industrial for Sale
Catylist Listing ID: 30764091
Property Subtypes: Light Industrial, Self Storage
Building Size (RSF): 27,680 SF
Gross Building Area: See Agent
Gross Land Area: 3.89 Acres
Sale Price: $1,475,000
Unit Price: $53.29 PSF
Office SF: 120 SF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/30/2021

Overview / Comments

12 free standing Shop storage rentals Approx. 27,680 sf rentable space located with 2 additional Acres undeveloped for future expansion for a total of 3.89 AC, 10 2400 SF buildings and 2 New Units to be completed at 1840 SF with covered parking, occupied units rented for $750 per month, fully spray foam insulated, 14 ft overhead door, walk in door, 10x12 Office and bathroom in each unit. Each unit individually metered, water well and septic. I-27 Frontage for great visibility and easy access for tenants and high growth area. Fenced with electronic gate access. Located outside of city limits

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R93789
Highway Access: US Hwy 87 Frontage
Total Number of Buildings: 12
Number of Stories: 1
Typical SF / Floor: 2,400 SF
Property Condition: Excellent
Year Built: 2018
Construction/Siding: Metal Siding
Lighting: Fluorescent
Water Service: Well
Sewer Type: Septic
Legal Description: BLK E SEC 14 AB 495 TR C4B ACS: 3.89

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 27,851 97,022
Median Age: 34.07 35.67
Households: 10,945 38,809


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