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702 E 34th St 32,315 SF Industrial Building Lubbock, TX 79404 $2,254,294 CAD ($69.76 CAD/SF) 8.50% Cap Rate
EXECUTIVE SUMMARY
Two-property investment opportunity offering an 8.5% CAP rate in Lubbock, TX. Situated on 2 acres along 34th Street, the sites feature expansive warehouse and office space, fenced yards, and easy trucking access. Rail access adds additional logistical value. Value-add opportunity with below-market rents. Property is priced below replacement cost, creating strong upside potential.
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PROPERTY FACTS
| Price | $2,254,294 CAD | Rentable Building Area | 32,315 SF |
| Price Per SF | $69.76 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1972 |
| Cap Rate | 8.50% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.31/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 1.33 AC |
| Price | $2,254,294 CAD |
| Price Per SF | $69.76 CAD |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.33 AC |
| Rentable Building Area | 32,315 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Tenancy | Single |
| Parking Ratio | 0.31/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 2 |
AMENITIES
- Fenced Lot
1 1
PROPERTY TAXES
| Parcel Number | R74716 | Improvements Assessment | $254,368 CAD |
| Land Assessment | $40,476 CAD | Total Assessment | $294,843 CAD |
PROPERTY TAXES
Parcel Number
R74716
Land Assessment
$40,476 CAD
Improvements Assessment
$254,368 CAD
Total Assessment
$294,843 CAD
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702 E 34th St
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