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Listed by Lauren Egert Reside Real Estate Co.
$ 1,300,000
Est. payment | /mo
4,660 SqFt
$ 1,300,000
Est. payment | /mo
4,660 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 4,660 sqft
Price per Sqft $278
MLS Listing ID 202604211
Year Built 2016
Annual Tax Amount $21,309
Lot Size 0.517 Acres
Acres 0.52
Property Sub-Type Business
Source Lubbock Association of REALTORS®
Property Description
Premier fully leased office investment delivering immediate cash flow and modern appeal in a highly desirable Lubbock business corridor. Built in 2016, this multi-tenant asset offers 14 well-designed office suites with a strong anchor tenant occupying a majority of the space, providing stability and consistent income. The remaining suites are leased to a diverse tenant mix, creating a balanced and resilient rent roll. With all spaces occupied, this is a true turnkey opportunity for investors seeking a stabilized asset with proven performance. Currently generating $135,792 in annual gross income and approximately $101,025 in Net Operating Income, the property is offered at $1,300,000, reflecting an attractive 7.77% cap rate. A rare opportunity to acquire a clean, income-producing office asset with modern construction, strong tenancy, and long-term upside in the growing Lubbock market.
Location
State TX
County Lubbock
Area 11
Rooms
Basement Basement
Interior
Heating Central
Cooling Central Air
Exterior
Roof Type Composition
Building
Lot Description Paved, Level
Story 1
Foundation Slab
Level or Stories true
New Construction No
Others
Tax ID R324878
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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