100% occupied Multi-Tenant Industrial Investment
$1,450,000
12309 Cr 2300 Lubbock, TX 79423
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About this listing
PROPERTY DESCRIPTION:
For Sale - 100% Occupied Multi-Tenant Industrial Flex building for sale. The property features nine (9) 1,250 sq ft shops, each with a man door, overhead door and private bathroom. The seller will lease back units 5-9 for 12-24 months (open to negotiation) at $1,000/mo per unit for his own use. Tenant will allow new owner the right to ask him to move out with 30 days notice, if they want to use the space or lease it to someone else. The property sits on 2.548 acres of land with room to add additional units for additional income.
PROPERTY HIGHLIGHTS:
100% occupied - multi-tenant property Land to build more units (2.548 acres) Seller will lease back 5 units for 12-24 months. Ownership includes individuals licensed by the Texas Real Estate Commission OFFERING SUMMARY:
Sale Price: $1,450,000
Number of Units: 9 - 1,250 SF each with bathroom
Lot Size: 2.548 Acres
Building Size: 11,250 SF
NOI: $132,978.00
Cap Rate: 8.58%
Zoning: Outside City limits
APN: R162933, R162934
