For Sale
$1,395,000

12102 Geneva AveLubbock, TX 79423

High-Cap Rate Industrial Investment

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 9,278 square foot Class A flex space property, built in 2022, presents a compelling investment opportunity in Lubbock, Texas. Located on a 1.19-acre lot (APN R301578) and zoned LI (Light Industrial), this single-story building offers significant potential. The property boasts a strong 9.28% cap rate and a net operating income (NOI) of $129,453, with an asking price of $1,395,000 ($150.36/sq ft). Currently comprised of two leased units, it's ideally suited for multi-tenant occupancy or owner-occupancy. Its prime South Lubbock location and versatile design cater to a variety of industrial and flex space needs. High-quality construction ensures durability and low maintenance costs. This property represents a rare opportunity to acquire a modern, high-performing asset in a thriving Texas market. The property address is 12102 Geneva Ave, Lubbock, TX 79423.

Highlights

  • Two leased units, perfect for multi-tenant or owner-occupancy.
  • Excellent South Lubbock, TX location.
  • Versatile industrial/flex space.
  • High-quality, low-maintenance construction.

Property Details for 12102 Geneva Ave

Property type
Industrial properties, Flex space
Square Feet
9,278 SF
Class
A
Year Built
2022
Buildings
1
Stories
1
Lot Size (sq. ft)
51,836 SF

Location Insight

City
Lubbock
County
Lubbock
State
Texas
Latitude
33.4844399
Longitude
-101.8868999
12102 Geneva Ave, Lubbock, Texas

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12102 Geneva Ave
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