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Duplex Garden Office South Lubbock 10921 Wayne Ave 4,496 SF 100% Leased Office Building Lubbock, TX 79424 $1,371,280 ($305/SF) 7.54% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% leased to Medical Tenant
- Elegent Modern Farmhouse Finishes
- Smart Garden Office
EXECUTIVE SUMMARY
100% Leased Class A Medical Garden Office | South Lubbock
Fully Leased Smart Garden Office Investment Near UMC Health & Wellness
This newly constructed ±4,496 SF Class A Smart Garden Office at 10921 Wayne Ave is now 100% leased to a strong, well-established medical tenant specializing in spine care and interventional pain management. The tenant provides essential healthcare services focused on minimally invasive treatments, chronic pain relief, and advanced spine procedures—supporting consistent patient demand and long-term stability.
Investment Highlights
100% Occupied by a high-quality medical user
Healthcare-focused tenant specializing in spine, pain management, and minimally invasive procedures
NNN lease structure provides a predictable cash flow
New 2025 construction with modern medical-ready design
Strong South Lubbock medical corridor location
Strategically located in South Lubbock, the property is within walking distance of the UMC Health & Wellness Center and surrounded by growing medical and professional development.
Fully Leased Smart Garden Office Investment Near UMC Health & Wellness
This newly constructed ±4,496 SF Class A Smart Garden Office at 10921 Wayne Ave is now 100% leased to a strong, well-established medical tenant specializing in spine care and interventional pain management. The tenant provides essential healthcare services focused on minimally invasive treatments, chronic pain relief, and advanced spine procedures—supporting consistent patient demand and long-term stability.
Investment Highlights
100% Occupied by a high-quality medical user
Healthcare-focused tenant specializing in spine, pain management, and minimally invasive procedures
NNN lease structure provides a predictable cash flow
New 2025 construction with modern medical-ready design
Strong South Lubbock medical corridor location
Strategically located in South Lubbock, the property is within walking distance of the UMC Health & Wellness Center and surrounded by growing medical and professional development.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$132,632
|
$29.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$132,632
|
$29.50
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$29,224
|
$6.50
|
| Net Operating Income |
$103,408
|
$23.00
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $132,632 |
| Annual Per SF | $29.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $132,632 |
| Annual Per SF | $29.50 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $29,224 |
| Annual Per SF | $6.50 |
| Net Operating Income | |
|---|---|
| Annual | $103,408 |
| Annual Per SF | $23.00 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
4,496 SF
Building Class
A
Year Built
2025
Price
$1,371,280
Price Per SF
$305
Cap Rate
7.54%
NOI
$103,408
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,496 SF
Building FAR
0.26
Lot Size
0.40 AC
Zoning
GO - Garden Office
Parking
24 Spaces (5.34 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Lubbock
- Health Care and Social Assistance
- 4,496 SF
- $23.00
- Triple Net
- Mar 2031
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Lubbock | Health Care and Social Assistance | 4,496 SF | $23.00 | Triple Net | Mar 2031 |
PROPERTY TAXES
| Parcel Number | R140504 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $631,578 |
PROPERTY TAXES
Parcel Number
R140504
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$631,578
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Duplex Garden Office South Lubbock | 10921 Wayne Ave
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