For Sale $650,000
Property Type Industrial - Flex - Industrial
Lot Size 1.2 Acre
Date Updated Apr 22, 2024
Website www.cbcworldwide.com

PROPERTY OVERVIEW: Fully leased property consisting of two (2) 10,000 sq ft buildings with an enclosed storage/parking yard between the buildings. The property is being used as an auto body shop leased through the end of 2024. Property is located at the southeast corner of 19th & I-27. Tenant: Xplosive Kustomz is a full service automotive body shop that has grown over the years to now occupy 311-405 19th Street. The company has a long track record of serving customer's automotive needs and has invested their own money turning this property into a useable space for their needs. PROPERTY HIGHLIGHTS: LOCATED AT 19TH & I-27 LEASED THROUGH END OF 2024 TWO BUILDINGS - EACH 10,000 SQ FT OFFERING SUMMARY: Sale Price: $650,000 Cap Rate: 9.23% NOI: $60,000 Lot Size: 1.2 Acres Year Built: 1941 Building Size: 20,000 SF Renovated: 2016 Price / SF: $32.50

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Contacts

Jef Conn

Coldwell Banker Commercial Capital Advisors

(806) 787-4779

Eric Eberhardt

Coldwell Banker Commercial Capital Advisors

(806) 784-3239

Location

Getting Around

Walk Score ®
57/100 Somewhat Walkable
Transit Score ®
34/100 Some Transit
Bike Score ®
39/100 Somewhat Bikeable

Map
Street

City Lubbock, TX
Neighborhood Slaton-Bean
Zip Code 79404
Market Lubbock

Points of Interest

Phillips 66

0.09 miles
Valero

0.79 miles
Phillips 66

0.86 miles
Phillips 66

1.01 miles
Valero

1.37 miles
Phillips 66

1.39 miles
Phillips 66

1.43 miles
Murphy USA

1.50 miles
SPEC ChargePoint Station

1.52 miles
Conoco

1.68 miles

Parking Garage

0.72 miles
American State Bank Parking

0.92 miles
City of Lubbock parking

0.96 miles
Parking Garage

1.25 miles
Parking Garage

1.87 miles
Parking Garage

2.03 miles
Residence Hall Parking - Lot Z1

2.06 miles
Visitor Park & Pay

2.11 miles
Goin' Band Practice Area

2.12 miles
Residence Hall Parking - Lot Z3

2.31 miles

Polly's Place

0.07 miles
Cast Iron Grill

0.22 miles
Cha Cha's

0.36 miles
Hank's Chicken

0.36 miles
Triple J Chophouse and Brewery

0.36 miles
Big E's Barbeque

0.41 miles
The Ranch House

0.47 miles
Jimenez Restaurant & Bakery

0.52 miles
Thai Kitchen

0.53 miles
Italian Garden

0.67 miles

Walmart Supercenter

1.50 miles
United Supermarkets

2.18 miles
Food King

2.23 miles
United Supermarkets

2.32 miles
Jirani International Enterprise African Market

2.43 miles
Mirch Masala Groceries & Kitchen

2.50 miles
Ross

3.11 miles
Market Street

3.58 miles
Market Street

3.95 miles
Target

3.96 miles

Lubbock Fire Station No. 1

0.46 miles
Larry D Tucker Central Fire Station

0.61 miles
Lubbock County Sheriff's Office

0.62 miles
Lubbock Police Department

0.79 miles
Community Health Care Center of Lubbock

0.85 miles
Fresenius Kidney Care Lubbock

1.16 miles
Covenant Medical Group

1.24 miles
Cerebral Palsy Treatment Center

1.31 miles
Walgreens

1.33 miles
Community Health Care Center of Lubbock

1.34 miles

Frequently Asked Questions

What is the lease rate for Investment Opportunity?

Rental asking rate at Investment Opportunity is $325,000.00/YR.

What is the total square footage of Investment Opportunity?

Investment Opportunity totals 20,000 square feet.

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