13037 Quaker Ave - Office FOR SALE


Lubbock, TX 79423
$1,300,000 USD
214-287-9631
13037 Quaker Ave, Lubbock, TX for Sale
$1,300,000 USD
Office - FOR SALE
1/10
null | 8.36% Cap Rate

NEW


13037 Quaker Ave
Lubbock, TX 79423


OVERVIEW

Positioned as a turnkey income-producing asset, this well-maintained office building features 14 fully leased private offices, offering immediate and stable cash flow from day one. Anchored by a strong primary tenant occupying 8 offices, the property benefits from a balanced tenant mix and reduced vacancy risk. Constructed in 2016, the building presents a modern, professional environment with efficient layout and strong tenant appeal. The remaining 6 offices are leased to multiple tenants, providing diversified income streams and minimizing exposure to any single occupant. The property operates under a full-service lease structure, with ownership covering utilities and maintenance—creating a streamlined experience for tenants while maintaining consistent occupancy and demand. The anchor tenant additionally contributes to janitorial expenses, further supporting operational efficiency. Investment Highlights: 100% occupancy with established tenancy Diversified rent roll with anchor tenant stability Modern construction (2016) Cap Rate Insight: Based on current financials and an estimated 20% expense ratio (given the full-service lease structure), the property is projected to deliver an approximate cap rate in the mid–8% range at a $1.3M price point. This presents an attractive yield for a stabilized, fully leased office asset in the Lubbock market. This is a rare opportunity to acquire a performing, low-vacancy office asset with built-in stability, strong tenant mix, and long-term income potential.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$279 USD /SF

CAP RATE

8.36%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

GO

APN/PARCEL ID

R324878

ASK ABOUT THIS PROPERTY

Lauren EgertReside Real Estate Co.More Info
214-287-9631

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Lauren EgertReside Real Estate Co.More Info
214-287-9631

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