Log In/Sign Up
Your email has been sent.
3403 73rd St
Lubbock, TX 79423
Town South · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 18 tenants with room to increase rents
- Value add property
- South Central Lubbock location
EXECUTIVE SUMMARY
The Town South Office Building is home to 18 tenants in a total of 9,717 square feet. The office mix is made up of 11 individual offices and 7 suites. The suites range in size from 400 square feet to 800 square feet. The building has 2 entrances with a common area/lobby and kitchen/break room. The parking lot has 34 spaces and the building is located in a prime area for small businesses. Currently leased to tenants with businesses that include, counseling, attorneys at law, insurance adjusting, engineering and ideal for anyone starting up their business or looking for a small space. The gross rents total $104k and have room to increase after a remodel. This investment has incredible upside with neighboring co-working space leasing for upwards os $45-$60/sf gross rents. Amazing traffic in this location of 37,650 in traffic count.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
9,717 SF
Building Class
C
Year Built
1974
Price
$820,000
Price Per SF
$84.39
Cap Rate
5.08%
NOI
$41,696
Percent Leased
83%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,717 SF
Building FAR
0.36
Lot Size
0.62 AC
Zoning
Office
Parking
37 Spaces (3.81 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | R55512 | Improvements Assessment | $668,880 |
| Land Assessment | $81,120 | Total Assessment | $750,000 |
PROPERTY TAXES
Parcel Number
R55512
Land Assessment
$81,120
Improvements Assessment
$668,880
Total Assessment
$750,000
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
