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$ 3,900,000
Est. payment | /mo
15,436 SqFt
$ 3,900,000
Est. payment | /mo
15,436 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 15,436 sqft
Price per Sqft $252
MLS Listing ID 202610137
Year Built 2016
Annual Tax Amount $69,320
Lot Size 1.945 Acres
Acres 1.95
Property Sub-Type Office
Source Lubbock Association of REALTORS®
Property Description
Southwest Lubbock Executive Office Investment offers the opportunity to acquire a stabilized Class A office asset in one of Lubbock's most dynamic commercial growth corridors. Completed in 2016, the 15,436-square-foot building is fully leased through December 2030 to a well-established professional services tenant under a favorable modified gross lease structure. The property combines predictable income, exceptional physical quality, strong visibility, and an efficient headquarters-style layout. A separately leased 1,343-square-foot office suite provides additional revenue and future flexibility. The property was purpose-built as a corporate headquarters and reflects institutional-quality design and construction. The efficient floor plan includes more than twenty private offices, four executive offices, a dramatic reception lobby, executive conference room, large training facility, open collaborative workspace, kitchen and break areas, enclosed courtyard, and a separately accessed office suite. The building has been meticulously maintained and presents exceptionally well for continued use as a headquarters facility or long-term investment asset. The property is positioned on 98th Street within Southwest Lubbock, one of the city's fastest-growing commercial districts. Nearby development includes regional medical facilities, banks, restaurants, retail centers, hospitality, professional offices, a golf course, and thousands of surrounding residential rooftops. Traffic counts of approximately 13,000-16,000 vehicles per day on 98th Street, combined with more than 41,000 vehicles per day near the Milwaukee Avenue corridor, provide outstanding visibility and accessibility.
Location
State TX
County Lubbock
Area 7
Rooms
Basement Basement
Exterior
Parking Features Parking Lot
Utilities Available Electricity Connected, Water Connected
Total Parking Spaces 78
Building
Lot Description Landscaped
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID R325807
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Listed by Kim & Company, REALTORS
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