2424 50th Office Plaza Suites for Sale
Office
for Sale
| Catylist Listing ID: |
30700956 |
| Property Subtypes: |
Medical, Office Building
|
| Building Size (RSF): |
42,444 SF
|
| Sale Price: |
$1,950,000 |
| Unit Price: |
$45.94 PSF |
| Property Use Type: |
Investment |
| Building Name: |
2424 Office Plaza |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/25/2021 |
Overview / Comments
Excellent Office/Medical value added opportunity. Building features 3 floors with several access points and cross parking agreement with adjacent hospital providing 220 parking spaces. Located on the corner of 50th and University Avenue, the subject property has great visibility to over 50,000 cars per day. The building is centrally located, making it valuable property to the surrounding community. Texas Tech, within a 7-minute drive, provides this location a broad client base of young adults and professionals. Over 212,000 people are living within the surrounding 5-mile radius with a healthy mix of people ranging between college-age and young professionals to senior citizens.
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Additional Details
| Nearest MSA: |
Lubbock |
| County: |
Lubbock |
| Tax ID/APN: |
R166210 |
| Property Visibility: |
Excellent |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Total Parking Spaces: |
220 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
20,036 |
119,184 |
208,747 |
| Median Age: |
32.87 |
32.44 |
31.95 |
| Households: |
7,684 |
45,090 |
80,653 |
|
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