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.