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3303 & 3309 67th St 3303 67th St 16,173 SF 100% Leased Office Building Lubbock, TX 79413 $2,400,000 ($148.40/SF) 8% Cap Rate
Investment Highlights
- Offered at $2,400,000
- Strong in-place income with 3303 67th St 100% occupied
- Renovated in 2017 (new flooring and paint)
- Two-building office portfolio totaling 16,173 SF
- Value-add opportunity with 3309 67th St at 54% occupancy
- Shared parking lot with ample parking
Executive Summary
3303 & 3309 67th St – Office Investment Opportunity | $2,400,000
Two well-maintained office buildings located just off South Loop 289 and Indiana Ave, offering strong accessibility in one of Lubbock’s primary commercial corridor.
3303 67th St consists of 7,199 SF situated on 0.94 AC and is 100% occupied, providing stable in-place income.
3309 67th St consists of 8,974 SF situated on 0.96 AC and is currently 54% occupied, offering immediate lease-up upside.
The properties share a parking lot, providing ample parking for tenants and visitors. Both buildings were renovated in 2016 with updated flooring and paint, creating a clean, modern office environment.
This is an excellent opportunity for an investor seeking a stabilized asset with additional value-add potential through increased occupancy.
Two well-maintained office buildings located just off South Loop 289 and Indiana Ave, offering strong accessibility in one of Lubbock’s primary commercial corridor.
3303 67th St consists of 7,199 SF situated on 0.94 AC and is 100% occupied, providing stable in-place income.
3309 67th St consists of 8,974 SF situated on 0.96 AC and is currently 54% occupied, offering immediate lease-up upside.
The properties share a parking lot, providing ample parking for tenants and visitors. Both buildings were renovated in 2016 with updated flooring and paint, creating a clean, modern office environment.
This is an excellent opportunity for an investor seeking a stabilized asset with additional value-add potential through increased occupancy.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
16,173 SF
Building Class
B
Year Built
1971
Price
$2,400,000
Price Per SF
$148.40
Cap Rate
8%
NOI
$192,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
16,173 SF
Building FAR
0.39
Lot Size
0.94 AC
Zoning
Neighborhood Commercial - Neighborhood Commercial- NC
Parking
60 Spaces (3.71 Spaces per 1,000 SF Leased)
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Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R132732 | Improvements Assessment | $414,012 |
| Land Assessment | $40,988 | Total Assessment | $455,000 |
Property Taxes
Parcel Number
R132732
Land Assessment
$40,988
Improvements Assessment
$414,012
Total Assessment
$455,000
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