12301 CR 2300 | 11,250 SF Contractor Shops | Extra land
Industrial | Warehouse | Shops | Extra Land
Marketing description
12301 – 12309 CR 2300 (Ave P) – Lubbock, TX 79423
2023 built contractor shops (9 x 1,250 SF bay size)
Built in 2023, this property features nine (9) 1,250 square feet shops; each unit has a retail glass door, overhead door, and a private bathroom. Sitting on 2.548 acres, this property offers a Buyer extra land to further develop the property and increase NOI.
Located right off Interstate 27 (I-27) between 114th and 130th St (FM 1585 / Loop 88) on CR 2300 (Ave P), this property is in the middle of Lubbock’s trajectory growing southward providing super easy access to all major thoroughfares.
Purchase Price: $1,049,000
NOI: $67,184.92(44.4% rented & 55.6% owner occupied)
CAP Rate: 6.40% (on actuals); 12.77% upon stabilization
Building Square Footage: 11,250; Total Land : 2.548 Acres, 111,034 SF (room for expansion)
Units: 9 units of 1,250 SF each; insulated; private bathroom in each unit; individually metered.
Zoning: Out-of-city limits (no restrictions)
School District: Lubbock Cooper ISD
Nearest Highway: Interstate 27 and Future Loop 88
Investment highlights
12301 – 12309 CR 2300 (Ave P) – Lubbock, TX 79423
• Purchase Price: $1,049,000 (only $93.24 / SF)
• NOI: $67,184.92 (6.40 % CAP on actuals)
• Occupancy: 100% (44.4% rented and 55.6% occupied by Owner)
• 12.77% CAP upon stabilization
• Built in 2023
• Each unit features a 1,250 SF bay size (25 x 50) with a 14-foot overhead door
• 11,250 SF building on a 2.549 acres of land
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