Catylist ID:
#30427853
7.5 Cap Rate MOB - Investment Grade Tenant Just Renewed
Office
for Sale
Catylist Listing ID: | 30427853 |
Property Subtypes: | Medical |
Building Size (RSF): | 19,583 SF |
Gross Building Area: | See Agent |
Gross Land Area: | 65,973 SF |
Sale Price: | $2,850,000 |
Unit Price: | $145.53 PSF |
Property Use Type: | Investment |
Class of Space: | Class B |
Sale Terms: | Cash to Seller |
Cap Rate: | 7.54% |
Last Updated: | 1/12/2021 |
Overview / Comments
Freestanding medical office building located in the heart of Covenant Medical main campus. Opportunity to purchase MOB with recently renewed Covenant Hospital lease, who occupies 70% of the building, beginning January, 2020. Existing vacant space of 5,174 square feet offers upside to lease at market rents. Vacancy easily divided into 2 spaces, see floor plan. Extra parking lot conveys with sale. This opportunity is perfect for owner/user and have tenant off-set the cost of ownership. Property Size: 19,583 SF (Includes 1,438 SF basement) Multi Tenant Building Adjacent to Covenant Hospital Corner of Louisville and 22nd Street Main Tenant - Covenant Health Pulmonary |
Attachments & Media
Additional Details
Nearest MSA: | Lubbock |
County: | Lubbock |
Tax ID/APN: | R117287 |
Property Located Between: | Louisville and 22nd St. |
Highway Access: | Marsha Sharp Freeway |
Total Number of Buildings: | 1 |
Number of Stories: | 1 |
Year Built: | 1986 |
Construction/Siding: | Brick |
Parking Type: | Surface |
Parking Description: | 98 spaces plus extra covered parking. |
Demographic Statistics
Proximity: | 1 mile | 3 miles | 5 miles |
---|---|---|---|
Total Population: | 8,554 | 131,237 | 210,336 |
Median Age: | 31.28 | 29.89 | 31.84 |
Households: | 2,913 | 50,349 | 81,531 |
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Lubbock Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |