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28841371

13805 Avenue P, Lubbock, TX 79423

KZ
TX TX 0724914
WestMark Commercial
KH
TX 0331521
WestMark Commercial
AB
TX 612008, TX 0612008
WestMark Commercial
Listed by WestMark Commercial
$1,835,000
177 days on market
Updated 52 days ago

13805 Avenue P

Details
Property Type Industrial
Sub Type Flex
Square Footage 12,800
Cap Rate 8%
NOI $146,777
Occupancy 75%
Tenancy Multi
Lease Type Modified
Price per SqFt $143
Year Built 2021
Buildings 4
Acreage 1.747
Zoning Outside City Limits

Income-producing asset in South Lubbock

Marketing description

Discover a strong income-producing asset in south Lubbock. This property features four (4) free-standing 3,200 SF office/warehouse buildings, thoughtfully designed for a wide range of service, construction, and light-industrial users.

Three of the four buildings are currently leased, providing immediate, stable cash flow. For added security and investment appeal, the seller is willing to execute a 12-month master lease on the remaining vacant unit, offering buyers full occupancy at closing.

Strategically located just off 138th Street on Avenue P, this site sits minutes from 130th Street (FM 1585) and Highway 87, providing excellent access to key transportation routes and South Lubbock’s expanding residential and commercial development.

Investment highlights

  • Four free-standing 3,200 SF office/warehouse buildings (total 12,800 SF)

  • 3 units leased with in-place income

  • 12-month master lease available for the remaining unit

  • Strong South Lubbock location near 130th St. & Hwy 87

  • Ideal for investors seeking stabilized industrial product with functional layouts and solid tenancy

Listing Contacts

KZ
TX TX 0724914
WestMark Commercial
KH
TX 0331521
WestMark Commercial
AB
TX 612008, TX 0612008
WestMark Commercial
Listed by WestMark Commercial

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$146,777.00
$12,231.42/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Kelsey Zickefoose
License
TX 0724914
Brokerage
WestMark Commercial
Brokerage Phone
806.696.3863
Title
Commercial Agent
Brokerage Address
4105 84th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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