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5312 114th St
Lubbock, TX 79424
Office Property For Sale
Investment Highlights
- Class A office building completed in 2021
- 100% leased with a recently renewed two-year lease
- 4,179 SF single-tenant investment property
- Built-in rental escalations provide income growth
Executive Summary
Completed in 2021, this Class A office investment property offers the opportunity to acquire a modern, fully leased asset in one of South Lubbock's most desirable commercial corridors. Located on 114th Street just west of Slide Road, the 4,179-square-foot single-tenant office building benefits from a strong surrounding mix of professional offices, retail, restaurants, and rapidly growing residential development.
The property is 100% leased to a single tenant who has recently renewed their lease for an additional two-year term, providing immediate and stable cash flow. The renewal includes a built-in rental escalation, offering investors increasing income throughout the remaining lease term.
The property is 100% leased to a single tenant who has recently renewed their lease for an additional two-year term, providing immediate and stable cash flow. The renewal includes a built-in rental escalation, offering investors increasing income throughout the remaining lease term.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,179 SF
Building Class
A
Year Built
2022
Price
$940,000
Price Per SF
$224.93
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,179 SF
Zoning
GO
Property Taxes
| Parcel Number | R332854 | Improvements Assessment | $583,914 |
| Land Assessment | $53,550 | Total Assessment | $637,464 |
Property Taxes
Parcel Number
R332854
Land Assessment
$53,550
Improvements Assessment
$583,914
Total Assessment
$637,464
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