12101 Geneva Ave - Warehouse FOR SALE


Lubbock, TX 79423
$899,000 USD
806-787-0114
12101 Geneva Ave, Lubbock, TX for Sale
$899,000 USD
Warehouse - FOR SALE
1/7
null | Request Cap Rate

12101 Geneva Ave
Lubbock, TX 79423


HIGHLIGHTS

  • New Concrete Parking Lot Pad on Entire Property and Drainage System
  • New Parking Awning
  • New Roof On the Front Building

OVERVIEW

$15,000 CREDIT TO YOU FOR LEASE GAP. Two Buildings - 10,000 Sq Ft Total * Front building has 2 Tenant Spaces (Two Separate Meters) * Rear Building is 4- 25x50 Units with Spray Foam Insulation and Restroom in each. New Roof on Front Building, New Concrete Parking, and New Parking Awning. The first (Suite 100) is an office/warehouse space. The office is partitioned into an open area, four private offices, a kitchen/break room, and two bathrooms. Finish out includes stained concrete and carpet floors, sheetrock walls and ceilings, plus box fluorescent lights, while the kitchen maintains a refrigerator and microwave. The office area is served by a package HVAC system, maintaining 2,860 SF, including 900 SF in office space and 1960 SF in warehouse space. Finish out for the warehouse includes epoxy floors, exposed structure walls and ceilings (vinyl backed insulated), plus strip fluorescent lights. The warehouse maintains a 16’ wall height and is served by one (1) 10’X10’ metal overhead doors. The second (Suite 200) is an office/warehouse space, maintaining 2,140 SF, including 140 SF in office space and 2,000 SF in warehouse space. Finish out for the warehouse includes concrete floors, exposed structure walls and ceilings (vinyl backed insulation), plus incandescent lights. The warehouse maintains a 16’ wall height and is served by one (1) 12’X12’ metal overhead door and one (1) 10’X10’ metal overhead door. It is heated by a suspended gas fire heater, but it is not cooled. The remaining 5,000 SF is made up of four identical 1,250 SF warehouse units (Units 1-4). Finish out for these units includes concrete floors, exposed structure walls and ceilings (spray foam insulation), and strip fluorescent lights. Each unit maintains a 12’ wall height and is served by one (1) 12’X10’ metal overhead door.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

UTILITIES

Lighting, Gas, Water - Well, Sewer - Septic Field, Heating - Gas

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.54

LAND SF

67,082

ZONING

-

APN/PARCEL ID

R301579,R98366

ASK ABOUT THIS PROPERTY

Ashton ColquettAll Real EstateMore Info
806-787-0114

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Ashton ColquettAll Real EstateMore Info
806-787-0114

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