1411 S Loop 289

    Lubbock, TX 79423
    • $2,008,612
    • STATUS: Active
    • ON SITE: 7 days
    • MLS #: 201806151
    UPDATED: 19 min ago
    $2,008,612
    • 0
      BEDS
    • 3.53
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    6
    Type:
    Commercial
    County:
    Area:
    6

    School Ratings & Info

    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

    Monthly Payment Calculator

    © 2018 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2018-07-19T20:59:04.077.
    www.mylbk.com/homes/85496108

    1411 S Loop 289 Lubbock, TX 79423

    • Price: $2,008,612
    • Status: Active
    • Updated: 19 min ago
    • MLS #: 201806151
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.53
    Acres
    Neighborhood:
    6
    County:
    Lubbock
    Area:
    6
    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
    Exterior Features

    Construction Aluminum Siding Crops No Foundation Slab Lot Improvements Alley Paved Parking Spaces 0 Road Frontage CityLoopMajor ArteryPavedState Highway Roof Metal Streets Paved Wells 0

    Interior Features

    Ceiling Height 28.0 Overhead Door Dock HighGrade Level Overhead Doors 2

    Property Features

    Commercial Type Industrial Est Annual Taxes 0.00 Improvements Fencing Minerals No Monthly Lease Rate 0.00 Occupied Yes Proposed Financing CashConventional Security Deposit 0.00 Specific Use No

    Listing provided courtesy of Kay Ward of Westmark Companies. Listing information © 2018 Lubbock Association of REALTORS® MLS.
    © 2018 Lubbock Association of REALTORS® MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2018-07-19T20:59:04.077.
     
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