Prime Office Complex For Sle

Office for Sale
Catylist Listing ID: 30678502
Property Subtypes: Business Park, Office Building
Building Size (RSF): 7,755 SF
Sale Price: $975,000
Unit Price: $125.73 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Southridge Office Suites
Class of Space: Class B
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/27/2021

Overview / Comments

The property is an office condo consisting of 2 office condos: Suite
12 with a 4,920 SF which includes a 361 SF basement and Suite 11. Both suites include ADA restrooms, break areas, and conference rooms. The improvements have wood cedar fronts with brick veneer, brick columns, and accented entrances with blocked glass fronts.

Suite 12 currently is arranged in an 11-office configuration with 2 ADA restrooms, large conference room, basement and a copier/file room and a break/coffee bar with sink. Suite 11 is a 6-office suite with 2 ADA restrooms, training/conference area, and kitchen.

Also availbale for sale is Suite #23 & #24 which are the last 2 suites in the building, however, it is by different ownership, but the owner would sell at the same price as the other two suites. The two suites, 23 & 24 consist of 1,887 SF each and are compromised of all office space. With these two included in a sale, total square footage would be 10,976 SF. Suite 23 is leased for
$1,818/month and expires 8/30/2021.

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R103898
Zoning: C-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,145 116,110 199,187
Median Age: 42.57 34.86 32.3
Households: 6,623 48,055 77,565


Photograph of Listing Agent

William Young

Westar Commercial Realty West Texas CIE Member
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