1411 S Loop 289, Lubbock, TX 79423

$2,008,612
List Price
$2,008,612
MLS#
201806151
Status
ACTIVE
Type
Commercial
Lot Size
153,767
County
Lubbock
City
Lubbock

Property Description

Corporate guaranteed lease with over 6 years remaining on the initial term and two 10 year options to renew. Located just off Loop 289 and Hwy 87. Building is 34,745 SF with 4,500 SF finished office space. Cap Rate: 6.9%; Annual Base Rent: $177,164.28; NOI: $138,594.28 ;Renewal Increases to $15,000 per Month; +/- 342' of Frontage on Loop 289; Parking: 33 Parking Spaces

Additional Information

Exterior
Aluminum Siding
Foundation
Slab

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Calculator source: Real Geeks

Listing courtesy of WestMark Companies.