Office Building for Sale - Under Construction

Office for Sale
Catylist Listing ID: 30620498
Property Subtypes: Office Building
Building Status: Under Construction
Building Size (RSF): 6,688 SF
Gross Land Area: 0.57 Acres
Sale Price: $1,149,950
Unit Price: $171.94 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 5607 114th Street
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/24/2020

Overview / Comments

Freestanding office building under construction in prestigious Stonewood Office Park on the south side of 114th Street, just to the west of Frankford Avenue in southwest Lubbock. A modern floorplan, high ceilings, state-of-the-art amenities and designer finishes throughout the building make this property a must-see. The building features two individual suites of 2,338 sq. ft. (pre-leased to a tenant) and 4,053 sq. ft. that can be leased or owner-occupied with purchase (giving an owner the opportunity to offset occupancy costs with rental income and potential expansion space in the future). The space currently available consists of a large entry/lobby and reception area, large executive office, 12 additional offices, large executive conference room, large break room, two ADA-compatible restrooms, and storage room.

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R331143
Property Visibility: Excellent
Area Description: Located to the east of Frankford Avenue on the north side of 114th Street in a rapidly growing area of southwest Lubbock.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2020
Parking Type: Surface
Zoning Description: GO - Garden Office

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 50,964 133,853
Median Age: 39.97 35.11
Households: 20,493 53,201
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