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13037 Quaker Ave 4,660 SF 100% Leased Office Building Lubbock, TX 79423 $1,805,960 CAD ($387.55 CAD/SF) 7.77% Cap Rate
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,660 SF
Building Class
B
Year Built
2016
Price
$1,805,960 CAD
Price Per SF
$387.55 CAD
Cap Rate
7.77%
NOI
$140,344 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,660 SF
Building FAR
0.21
Lot Size
0.52 AC
Zoning
GO - Garden Office
Parking
33 Spaces (7.08 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Wi-Fi
- Air Conditioning
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R324878 | Improvements Assessment | $1,233,230 CAD |
| Land Assessment | $186,049 CAD | Total Assessment | $1,419,279 CAD |
Property Taxes
Parcel Number
R324878
Land Assessment
$186,049 CAD
Improvements Assessment
$1,233,230 CAD
Total Assessment
$1,419,279 CAD
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13037 Quaker Ave
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