Fully Leased Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30774889
Property Subtypes: Flex Space, Industrial-Business Park, Mixed Use, Self Storage
Building Size (RSF): 48,103 SF
Gross Building Area: See Agent
Sale Price: $3,950,000
Unit Price: $82.12 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/19/2021

Overview / Comments

The Powell Group is pleased to offer this value-added opportunity at 4106 N. Frankford Ave. This investment opportunity sits on 12.62 acres with 48,103 square feet of warehouse/industrial space. All warehouse space is currently leased. Located on the back end of the property with a separate gated entrance there are 50 new RV/Boat Storage spaces. Currently, 16 of the 50 of the spaces are leased. North Frankford is experiencing large residential development, increasing the need for RV/Boat Storage as well as industrial properties. An investor could double the size of warehouse/RV Storage with the available acreage. See proforma as well as actual financials below.
DO NOT DISTURB TENANTS. Please contact the listing agent for more information.

Room for growth
Outside City Limits
Fully leased buildings

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R67664
Tenancy: Multiple Tenants
Property Condition: Good

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 16,298 80,861
Median Age: 29.08 28.91
Households: 6,715 30,065

Contact

Photograph of Listing Agent

David Powell, CCIM

The Powell Group at Keller Williams Commercial
West Texas CIE Member
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