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Multi-Tenant small bay shops | 100% occupied 12301 County Road 2300 rd 11,250 SF 100% Leased Industrial Building Lubbock, TX 79423 $1,299,000 ($115.47/SF) 11.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased 2023 built industrial property generating a 11.15% cap rate
- Strategically located off I-27 & Loop 88 with no zoning restrictions – maximum flexibility for future development
- Each unit includes 14’ overhead doors, private bathrooms, insulation, and individual metering
EXECUTIVE SUMMARY
12301 – 12309 CR 2300 (Ave P) – Lubbock, TX 79423. 100% occupied multi-tenant investment for sale.
2023 built contractor shops ( 9 x 1,250 SF bay size)
We are thrilled to present this multi-tenant investment property that is 100% occupied. Built in 2023, this investment 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: $1,299,000
NOI: $144,823
CAP Rate: 11.15% (on actuals)
Building Square Footage: 11,250; Total Land : 2.549 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
2023 built contractor shops ( 9 x 1,250 SF bay size)
We are thrilled to present this multi-tenant investment property that is 100% occupied. Built in 2023, this investment 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: $1,299,000
NOI: $144,823
CAP Rate: 11.15% (on actuals)
Building Square Footage: 11,250; Total Land : 2.549 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
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$152,400
|
$13.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$152,400
|
$13.55
|
| Taxes |
$241
|
$0.02
|
| Operating Expenses |
$7,336
|
$0.65
|
| Total Expenses |
$7,577
|
$0.67
|
| Net Operating Income |
$144,823
|
$12.87
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $152,400 |
| Annual Per SF | $13.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $152,400 |
| Annual Per SF | $13.55 |
| Taxes | |
|---|---|
| Annual | $241 |
| Annual Per SF | $0.02 |
| Operating Expenses | |
|---|---|
| Annual | $7,336 |
| Annual Per SF | $0.65 |
| Total Expenses | |
|---|---|
| Annual | $7,577 |
| Annual Per SF | $0.67 |
| Net Operating Income | |
|---|---|
| Annual | $144,823 |
| Annual Per SF | $12.87 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Front Loading
UTILITIES
- Gas - Natural
- Water - Well
- Sewer - Septic Field
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $63,003 | |
| Land Assessment | $33,003 | Annual Taxes | $241 ($0.02/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$33,003
Improvements Assessment
$0
Total Assessment
$63,003
Annual Taxes
$241 ($0.02/SF)
Tax Year
2025
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Multi-Tenant small bay shops | 100% occupied | 12301 County Road 2300 rd
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