Investment Property for Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30755309
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 9,614 SF
Gross Land Area: 0.70 Acres
Sale Price: $1,390,000
Unit Price: $144.58 PSF
Property Use Type: Investment
Building Name: 2950 50th Street
Class of Space: Class B
Usable Size (USF): 9,614 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/9/2021

Overview / Comments

Fully-occupied office building leased to Kindstar, Inc. Kindstar Inc, is located in Burleson, TX, United States and is part of the Home Health Care Services Industry. There are 18 companies in the Kindstar Inc corporate family, including Accent Care, providing home health and hospice services operating out of this location. The building was renovated for tenant's intended use, including repainting, new flooring, and construction of a new ADA-compliant restroom. Tenant's five year lease commenced on July 1, 2021 and contains escalations in years 4 & 5 of the lease and two (2) three-year extension options.

Attachments & Media

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R81878
Zoning: C-2
Property Visibility: Excellent
Site Description: Located in the heart of Lubbock on the north side of 50th Street between University Avenue and Indiana Avenue offering quick and easy access to all parts of Lubbock including Texas Tech University, the city's medical district and the CBD.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1980
Year Renovated: 2021
Zoning Description: C-2
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,831 130,358 211,010
Median Age: 34.94 32.72 31.97
Households: 7,551 49,768 81,552
© 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.