Investment Opportunity

$650,000

311-405 19th Street Lubbock, TX 79404

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About this listing

PROPERTY OVERVIEW:
Fully leased property consisting of two (2) 10,000 sq ft buildings with an enclosed storage/parking yard between the buildings. The property is being used as an auto body shop leased through the end of 2024. Property is located at the southeast corner of 19th & I-27. Tenant: Xplosive Kustomz is a full service automotive body shop that has grown over the years to now occupy 311-405 19th Street. The company has a long track record of serving customer's automotive needs and has invested their own money turning this property into a useable space for their needs.
PROPERTY HIGHLIGHTS:
LOCATED AT 19TH & I-27
LEASED THROUGH END OF 2024
TWO BUILDINGS - EACH 10,000 SQ FT
OFFERING SUMMARY:
Sale Price: $650,000 Cap Rate: 9.23% NOI: $60,000 Lot Size: 1.2 Acres Year Built: 1941 Building Size: 20,000 SF Renovated: 2016 Price / SF: $32.50

  • Building Size

    20,000 sqft

  • Lot Area

    1.2 acres

Map





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