515 N I-27 - Service FOR SALE


Lubbock, TX 79403
$3,811,000 USD
480-221-4221
515 N I-27, Lubbock, TX for Sale
$3,811,000 USD
Service - FOR SALE
1/6
null | 6% Cap Rate

515 N I-27
Lubbock, TX 79403


HIGHLIGHTS

  • Corporate Signed Lease | Options To Extend | Scheduled Rental Increases
  • NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Interstate 27 (34,800+ VPD) | Hard Corner Intersection |Texas Tech University (41,000 Students)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Loomis corporate signed lease • Over 8 years of term remaining with 3 (5-year) option periods to extend • The lease features a 10% rental increase in 2028 and FMV rental increases at the beginning of each option period

FOR SALE DETAILS

PRICE

$3,811,000 USD

PRICE/SF

$128 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

7

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.88

LAND SF

38,333

ZONING

HC

APN/PARCEL ID

R71785

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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