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5004 122nd St 5,535 SF 100% Leased Office Building Lubbock, TX 79424 $2,093,880 CAD ($378.30 CAD/SF) 5.17% Cap Rate
INVESTMENT HIGHLIGHTS
- Stable Income Stream: Currently leased to a reputable regional company in the medical industry, boasting over 40 locations, which signifies a strong a
- Prime Location: Strategically located in South Lubbock, near the bustling intersection of Slide Road and 122nd Street, enhancing visibility and access
- Growth Potential: Positioned in a growth-oriented area with potential for future appreciation due to its location and quality of the asset.
- Attractive Lease Terms: Benefiting from an escalating lease agreement through January 31, 2028, this investment offers a predictable and increasing in
- 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
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,535 SF
Building Class
B
Year Built
2019
Price
$2,093,880 CAD
Price Per SF
$378.30 CAD
Cap Rate
5.17%
NOI
$108,184 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,535 SF
Building FAR
0.23
Lot Size
0.55 AC
Zoning
OF - Office
Parking
50 Spaces (9.03 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | R326850 | Improvements Assessment | $1,155,429 CAD |
| Land Assessment | $169,491 CAD | Total Assessment | $1,324,921 CAD |
PROPERTY TAXES
Parcel Number
R326850
Land Assessment
$169,491 CAD
Improvements Assessment
$1,155,429 CAD
Total Assessment
$1,324,921 CAD
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5004 122nd St
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