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Jason & Juli Wood

jasonrw@kw.com +1(806) 789-6767

$ 3,900,000

Est. payment | -/mo

15,436 SqFt

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$ 3,900,000

Est. payment | -/mo

Save

15,436 SqFt

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 15,436 sqft

Price per Sqft $252

MLS Listing ID 202610137

Year Built 2016

Annual Tax Amount $69,320

Lot Size 1.945 Acres

Acres 1.95

Property Sub-Type Office

Source Lubbock Association of REALTORS®

Property Description

Southwest Lubbock Executive Office Investment offers the opportunity to acquire a stabilized Class A office asset in one of Lubbock's most dynamic commercial growth corridors. Completed in 2016, the 15,436-square-foot building is fully leased through December 2030 to a well-established professional services tenant under a favorable modified gross lease structure. The property combines predictable income, exceptional physical quality, strong visibility, and an efficient headquarters-style layout. A separately leased 1,343-square-foot office suite provides additional revenue and future flexibility. The property was purpose-built as a corporate headquarters and reflects institutional-quality design and construction. The efficient floor plan includes more than twenty private offices, four executive offices, a dramatic reception lobby, executive conference room, large training facility, open collaborative workspace, kitchen and break areas, enclosed courtyard, and a separately accessed office suite. The building has been meticulously maintained and presents exceptionally well for continued use as a headquarters facility or long-term investment asset. The property is positioned on 98th Street within Southwest Lubbock, one of the city's fastest-growing commercial districts. Nearby development includes regional medical facilities, banks, restaurants, retail centers, hospitality, professional offices, a golf course, and thousands of surrounding residential rooftops. Traffic counts of approximately 13,000-16,000 vehicles per day on 98th Street, combined with more than 41,000 vehicles per day near the Milwaukee Avenue corridor, provide outstanding visibility and accessibility.

Location

State TX

County Lubbock

Area 7

Rooms

Basement Basement

Exterior

Parking Features Parking Lot

Utilities Available Electricity Connected, Water Connected

Total Parking Spaces 78

Building

Lot Description Landscaped

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID R325807

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by Kim & Company, REALTORS

Nearby Locations

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Jason & Juli Wood

REALTOR® | Lic# 766049

jasonrw@kw.com

+1(806) 789-6767

4522 109th St, Lubbock, TX, 79424, USA

5241 98th Street Lubbock, TX 79424

Jason & Juli Wood

Key Details

Location

Rooms

Exterior

Building

Others

5241 98th Street