13037 Quaker Avenue. Lubbock, Tx. 79423
Office | 8.36% CAP | 4,660 SqFt
Marketing description
Positioned as a turnkey income-producing asset, this well-maintained office building features 14 fully leased private offices, offering immediate and stable cash flow from day one. Anchored by a strong primary tenant occupying 8 offices, the property benefits from a balanced tenant mix and reduced vacancy risk.
Constructed in 2016, the building presents a modern, professional environment with efficient layout and strong tenant appeal. The remaining 6 offices are leased to multiple tenants, providing diversified income streams and minimizing exposure to any single occupant.
The property operates under a full-service lease structure, with ownership covering utilities and maintenance—creating a streamlined experience for tenants while maintaining consistent occupancy and demand. The anchor tenant additionally contributes to janitorial expenses, further supporting operational efficiency.
This is a rare opportunity to acquire a performing, low-vacancy office asset with built-in stability, strong tenant mix, and long-term income potential.
Investment highlights
- 100% occupancy with established tenancy
- Diversified rent roll with anchor tenant stability
- Modern construction (2016)
Cap Rate Insight:
Based on current financials and an estimated 20% expense ratio (given the full-service lease structure), the property is projected to deliver an approximate cap rate in the mid–8% range at a $1.3M price point. This presents an attractive yield for a stabilized, fully leased office asset in the Lubbock market.
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