2002 Avenue Lubbock, TX 79403

This 181,800-square-foot industrial facility in Lubbock, Texas, presents a unique investment opportunity. Situated on a 30-acre lot, this property boasts three buildings totaling 181,800 square feet of rentable space, perfect for owner-users or multi-tenant conversion. Built in 1993 and renovated in 2001, the facility features 14-16 foot clear heights, clearspan production areas, and a robust infrastructure including approximately 7 megawatts of power, a high-volume gas line, fire sprinklers, evaporative cooling, and a dust collection system. The property also includes a paved, fenced, and lit 5-acre yard, providing ample outdoor storage. Rail access ensures efficient transportation of goods. The property is currently vacant and zoned LI, offering flexibility for various uses, including data centers. With a pro-forma NOI of $545,475 and a pro-forma cap rate of 10.39%, this asset offers significant potential for both owner-users and investors seeking strong returns. Located in Lubbock, Texas, this property benefits from a growing economy, skilled workforce, and desirable location. The asking price is $5,250,000, with a price per square foot of $28.88. The land value is $4.02 per square foot. The property consists of two parcels (APN: R64258, R90172) and offers ample room for expansion. This is a fee-simple ownership opportunity.