Professional Office in South Lubbock

Office for Sale
Catylist Listing ID: 30748079
Property Subtypes: Business Park, Executive Suites, Office Building
Building Size (RSF): 3,500 SF
Gross Building Area: See Agent
Sale Price: $700,000
Unit Price: $200 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 7/22/2021

Overview / Comments

Newer Offices in Prime Location. with great visibility from Frankford ave.

Unit A is 1000 SF Features Lobby , Receptionist , 6 Offices , Break Room, ADA Bathroom
Unit B is 1500 SF. Features Lobby , Receptionist , 5 Large Offices , Huge Conference Room, Kitchen, ADA Bathroom
Unit C is 1000 SF Features Large Lobby , Receptionist , 3 Offices , Open Conference Area , Kitchen and ADA Bathroom

Currently Owner Occupied and Unit A & B are combined but can easily be separated
Furniture can be negotiated.
This spaces are ready for near-immediate occupancy.
Suitable for professionals of all types.

Rents for $6,500 per month = $78,000 Annually
Insurance = $3,000 per Year
Taxes = $15,400 per Year

Unit A ( 1000 SF ) rents for $2,000 a month Including Taxes and Insurance
Unit B ( 1500 SF ) rents for $3,000 a month Including Taxes and Insurance
Unit A & B ( 2500 SF ) rents for $4,500 Including Taxes and Insurance
Unit C ( 1000 SF ) rents for $2,000 a month Including Taxes and Insurance

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R329450
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2018
Roof Type: Arched
Construction/Siding: Brick
Parking Type: Structure
Heat Type: Natural Gas
Air Conditioning: Package Unit
Internet Access: Cable

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,976 52,591 137,423
Median Age: 35.48 39.39 34.8
Households: 1,860 21,664 55,751


Photograph of Listing Agent

PJ Zaji

Expand Realty Group
West Texas CIE Member
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