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Executive Summary
Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire a fee simple interest in 4320 Huron Ave (the “Property”), a 78,993 square foot office building with 4.2 acres of parking located within the growing market of Lubbock, Texas.
Lubbock, Texas has seen significant growth over the last five years, with the population increasing by nearly 6% since 2020. Over the last decade, Lubbock’s GDP has increased by 56%, outpacing the state’s average of 34%. This is primarily due to various local investments, a high concentration of young talent, and a handful of large company relocations to the area.
4320 Huron Ave provides both users and owners with the ability to acquire a fully built out office center, while providing flexibility to re-purpose to industrial use. The Property
provides for 16% coverage, allowing the ability to expand the current office footprint, as well as add additional value in building a second building on the 4.2 acre parking lot.
The Property is unencumbered by leases, presenting investors and users with a unique opportunity to acquire an infill office/flex building with above-standard building finishes
at a discount to replacement cost.
Lubbock, Texas has seen significant growth over the last five years, with the population increasing by nearly 6% since 2020. Over the last decade, Lubbock’s GDP has increased by 56%, outpacing the state’s average of 34%. This is primarily due to various local investments, a high concentration of young talent, and a handful of large company relocations to the area.
4320 Huron Ave provides both users and owners with the ability to acquire a fully built out office center, while providing flexibility to re-purpose to industrial use. The Property
provides for 16% coverage, allowing the ability to expand the current office footprint, as well as add additional value in building a second building on the 4.2 acre parking lot.
The Property is unencumbered by leases, presenting investors and users with a unique opportunity to acquire an infill office/flex building with above-standard building finishes
at a discount to replacement cost.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
78,993 SF
Building Class
B
Year Built
2001
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
78,993 SF
Building FAR
0.17
Lot Size
10.68 AC
Zoning
F1
Parking
477 Spaces (6.04 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R160064 | Improvements Assessment | $8,406,378 CAD |
| Land Assessment | $2,082,177 CAD | Total Assessment | $10,488,555 CAD |
Property Taxes
Parcel Number
R160064
Land Assessment
$2,082,177 CAD
Improvements Assessment
$8,406,378 CAD
Total Assessment
$10,488,555 CAD
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4320 Huron Ave
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