1603 W Tx-289-loop - Office FOR SALE


Lubbock, TX 79416
$1,944,686 USD
512-433-6999
1603 W Tx-289-loop, Lubbock, TX for Sale
$1,944,686 USD
Office - FOR SALE
1/4
null | 7% Cap Rate

1603 W Tx-289-loop
Lubbock, TX 79416


HIGHLIGHTS

  • NNN Lease with Long-term Corporate Practice since 1986
  • New Roof Replaced 2022
  • Most Dense Area of Lubbock | Intersection of TX-114 and TX-289 Loop w/ 67,000+VPD
  • 12 miles from Lubbock Int'l Airport | Less than 3 miles from Texas Tech University with 40,000+ Students

OVERVIEW

TREK Investment Group is pleased to offer for sale the Johnson Controls Inc office building in Lubbock, Texas. This is a BBB+ Investment Grade Corporate Tenant with 2,000+ global locations on 6 continents. Johnson Controls has occupied this space for 35+ years, since 1986. The subject property is strategically situated at the intersection of TX-289 Loop and TX-114, both major corridors through Lubbock seeing 67,000+ VPD. National and Regional Tenants surround the property such as Academy, Walmart Supercenter, Chick-fil-A, Dollar General, Ace Hardware, McDonalds, Best Buy, Toyota-Kia-Audi, and more. Additionally, HEB has recently purchased the property directly across 19th street between the Audi dealership and the Yates flooring store.

FOR SALE DETAILS

PRICE

$1,944,686 USD

PRICE/SF

$229 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Johnson Controls - Lubbock, TX

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

None

APN/PARCEL ID

R127311

ASK ABOUT THIS PROPERTY

Parker CarrollTREK Investment GroupMore Info
512-433-6999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Parker CarrollTREK Investment GroupMore Info
512-433-6999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.