Income Producing Industrial Property

Industrial for Sale
Catylist Listing ID: 30372442
Property Subtypes: Manufacturing
Building Size (RSF): 27,140 SF
Gross Building Area: See Agent
Gross Land Area: 1.15 Acres
Sale Price: $1,100,000
Unit Price: $40.53 PSF
Docks/Doors: 1 Door
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.8%
Average Occupancy Rate: 100
Last Updated: 2/19/2019

Overview / Comments

Property is located between Slaton Highway (US 84) and Loop 289, just east of I-27. Light manufacturing company is currently occupying the space, and have recently renewed their lease.

Zoning: M1
Ceiling Height: 19' 5"
3 Phase 220 V - Dock High Door
New HVAC - 2017
Offices Remodeled in 2017
Roof Replaced in 2015 with High Quality Membrane Roof

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R105230
Zoning: M1
Property Located Between: Located between Slaton Highway (US 84) and Loop 289.
Highway Access: Slaton Highway (US 84), Loop 289 and I-27
Site Description: Property located among other light manufacturing and distribution facilities.
Tenancy: Single Tenant
Number of Stories: 1
Year Built: 1983
Year Renovated: 2017
Parking Type: Surface
Parking Description: Paved Parking
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,612 67,814 153,996
Median Age: 26.03 30.84 32.55
Households: 1,191 25,885 57,872

Contact

Photograph of Listing Agent

Kay Ward, CCIM

WestMark Commercial West Texas CIE Member
© Copyright 2001-2018 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.