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6121 79th St
Lubbock, TX 79424
Office Property For Sale
INVESTMENT HIGHLIGHTS
- National Tenant
- Proximity to 82nd Street & Milwaukee Avenue
EXECUTIVE SUMMARY
This class A multi-office building offers a strong investment opportunity with both stability and upside potential. Constructed in 2012, the property totals 12,626 SF on 1.1 acres and is zoned OF (Office). In 2022–2023, more than $1 million in improvements were completed on Suite A, an ±8,000 SF space now leased to a long-term, nationally recognized tenant under a 60-month agreement that commenced January 1, 2024. Suite B is currently vacant, providing flexibility for an owner-user or additional lease-up opportunity to increase returns. The building is well-positioned near 82nd Street (one of the city’s major thoroughfares) and offers ample parking for tenants and visitors. With recent capital improvements, an established national tenant, and available space for future growth, this property combines immediate income security with long-term investment potential. Financials available upon request.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
11,824 SF
Building Class
B
Year Built
2009
Price
$3,000,000
Price Per SF
$253.72
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,824 SF
Building FAR
0.25
Lot Size
1.10 AC
Zoning
OF - Offfice
Parking
64 Spaces (5.01 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | R317825 | Improvements Assessment | $1,314,441 |
| Land Assessment | $335,559 | Total Assessment | $1,650,000 |
PROPERTY TAXES
Parcel Number
R317825
Land Assessment
$335,559
Improvements Assessment
$1,314,441
Total Assessment
$1,650,000
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