5004 122nd St - Office/Residential FOR SALE


Lubbock, TX 79424
$1,500,000 USD
806-239-1001
5004 122nd St, Lubbock, TX for Sale
$1,500,000 USD
Office/Residential - FOR SALE
1/56
null | 5.17% Cap Rate

5004 122nd St
Lubbock, TX 79424


HIGHLIGHTS

  • Stable Income Stream: Currently leased to a reputable regional company in the medical industry, boasting over 40 locations, which signifies a strong a
  • Attractive Lease Terms: Benefiting from an escalating lease agreement through January 31, 2028, this investment offers a predictable and increasing in
  • Prime Location: Strategically located in South Lubbock, near the bustling intersection of Slide Road and 122nd Street, enhancing visibility and access
  • High-Quality Asset: A modern garden office space encompassing 5,535 square feet, constructed in 2019 with renovations completed in 2022 to meet the te
  • Growth Potential: Positioned in a growth-oriented area with potential for future appreciation due to its location and quality of the asset.

OVERVIEW

This exceptional property represents a significant investment opportunity, currently leased to a stable regional company operating within the medical industry. With over 40 locations, the tenant's robust presence underscores the investment's reliability. The lease features an escalating structure, ensuring a steady increase in returns through January 31, 2028. Situated in a prime South Lubbock location, near the intersection of Slide Road and 122nd Street, the large garden office space spans 5,535 square feet. Constructed in 2019, it underwent renovations in 2022 to tailor the premises to the specific requirements of the current tenant, maintaining the space in an impeccable, like-new condition. This offering not only delivers on immediate returns but promises growth and stability in an attractive locale, making it an ideal addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$271 USD /SF

CAP RATE

5.17%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

OF

APN/PARCEL ID

R326850

ASK ABOUT THIS PROPERTY

Jennifer SnyderReside Real Estate Co.More Info
806-239-1001

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Jennifer SnyderReside Real Estate Co.More Info
806-239-1001

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