$7,765,333 SALE
Industrial
3410 N Elm Avenue
Lubbock, TX 79403 BAYER RESEARCH FACILITY



PROPERTY OVERVIEW: The Industrial Group for Coldwell Banker Commercial is pleased to offer for sale this large single tenant building. The main building is 30,000 sq. ft. and the second building is 13,680 sq. ft. The entire property sits within the Lubbock Business Park, a Class A industrial business park located just south of the Lubbock International Airport. The property boats a large open office area for cubicles and private offices. The warehouse features a large open area and a few smaller rooms that Bayer used for research / clean rooms. Contact broker for details on potential tenant. Currently leased through 9/30/2022 PROPERTY HIGHLIGHTS: Like-new building in the Lubbock Business Park 12.2 land acres Built in 2010 Located just south of the Lubbock Preston Smith International Airport 4.5 Miles from a Tier 1 University, Texas Tech University. Texas Tech is the second largest contiguous campus in the United States. 5 Miles away from downtown Lubbock OFFERING SUMMARY: Sale Price: $7,765,333 Cap Rate: 9.0% NOI: $698,880 Available SF: 43,680 SF Lease Rate: $16/SF NNN Lot Size: 12.2 Acres Year Built: 2010 Building Size: 43,680 SF Price / SF: $177.78


Property Type Industrial
Listing ID N36C5T
Style Other Style
Additional Media

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