Coldwell Banker Commercial - Advantage 2010 4th Quarter by Deron Tucker

Lubbock Industrial Market: 2010 3rd Quarter Review The overall Lubbock Industrial market is showing some positive signs of tightening up as the number of listings (both “For Sale” & “For Lease”) has been reduced over the last quarter. Concurrently, the total available square footage in both “For Sale” and “For Lease” properties has been reduced by over 400,000 square feet and approx 35,000 square feet respectively.

Coldwell Banker Commercial represented the Landlord and the Tenant in leasing a 3,160 SF and a 2,332 SF retail space on West Loop 289

That being said, there still remains approx 1,586,026+ square feet of available space in both “For Sale” and “For Lease” properties in the Lubbock market, resulting in a city wide vacancy of approx 7%.

Coldwell Banker Commercial Industrial Team’s extensive research has shown that the average asking price of properties on the market today which are “For Sale” is $31.92 while properties which are “For Lease” are asking $4.68/SF/YR. It is important to note that these ﬁgures are for the entire city of Lubbock, thus north-east and south-west Lubbock pricing are included collectively. Prices for north-east Lubbock are ranging in the $2.50-$3.00/SF/YR while prices in south-west Lubbock range from $5.00-$8.00/SF/YR.

September 2010 Industrial Update:

(Numbers show difference from previous month)

Total Number Sale Listings

+8.11%

Total Number Lease Listings

-20.0%

1,053,969

-6.36%

532,057

-43.9%

$20,430,062

-8.22%

$31.92

-0.72%

$4.68

-10.86%

8.31%

-1.714%

24,000,000

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Total Sq Ft Available (For Sale Listings)

Coldwell Banker Commercial represented the Owner and the Buyer in the disposition and acquisition of a 2,600 SF ofﬁce building in the medical district.

Total Sq Ft Available (For Lease Listings) Total Dollar Volume Available (For Sale Listings) Current Average Asking Price Per Sq Ft (For Sale Listings) Current Average Asking Price Per Sq Ft (For Lease Listings) Current Average Asking Price –Cap Rates (Investment Property) Total Lubbock Inventory (Approx Sq Ft)

This is not a solicitation as to what your property may be worth. The increase Price/SF includes properties across the spectrum with amenities including: land, ofﬁce space, newer construction, location, etc.

Coldwell Banker Commercial represented the Seller in the disposition of a 5,263 SF ofﬁce building.

With the increase in activity across the Industrial spectrum, now is the perfect time to consider your plans for your disposition and acquisition plans for an Industrial property.

With the historically low interest rates our local banks are offering, now is the perfect opportunity to discuss the possibility of acquiring space for a new location for you and your business.

Buyers are still actively looking for adequately priced properties to help with their expansion plans.

To discuss the true value of your property Contact: Jef Conn, CCIM Direct phone: 806.784.3216 E-mail at JConn@CBCWorldwide.com

1031 Exchange - Apartments to NNN’s Opportunity/Challenge Recently an out of state investor contacted Coldwell Banker Commercial regarding 2 apartment complexes owned in Snyder, Texas. Retired and living out of state, the investor was anxious to dispose of the apartment assets and complete a 1031 tax free exchange into less management intensive investments. The Multi-Family Group of Coldwell Banker Commercial assisted the owner in valuing, marketing, and the disposition of the property on the Seller’s behalf. Coldwell Banker Commercial packaged both apartment complexes together, developed and implemented a strategic marketing plan, and sold both properties in a single transaction. Coldwell Banker Commercial represented the Buyer in the acquisition of a NNN Investmement property: Applebee’s Restaurant in Killeen, TX.

The Seller then placed the sale proceeds into escrow to start the 1031 exchange timeline. The investor had a short window of 45 days to identify 3 possible properties to exchange into. The entire process had to be completed in less than 180 days. Solution To best serve and meet the needs of the investor, the Net Leased Group of Coldwell Banker Commercial took over to acquire several single tenant, NNN investments with zero landlord responsibilities. The Net Leased Group was involved in every step of the acquisition including property selection, site analysis, ﬁnancial and investment analysis, and negotiations on behalf of the investor; who successfully completed the 1031 exchange into 2 long term leased assets.

Coldwell Banker Commercial represented the Landlord and the Tenant in leasing 1,663 SF of retail space in the Indiana Gardens North center.

The investor purchased two NNN retail assets with the proceeds from the apartment sales. Applebee’s 18+ years left on lease

KFC 20 year lease

Coldwell Banker Commercial worked directly with the investor, attorneys, 1031 exchange accommodator and lenders to successfully bring these transactions to the closing table. Coldwell Banker Commercial represented the Seller in a build to suit 12,979 SF ofﬁce building in The Oaks development.

The market knowledge and experience of the Net Leased Group of Coldwell Banker Commercial allowed for a smooth transition into long term, cash ﬂowing assets for the investor and her family. If you would like information on commercial real estate investments or take advantage of our unmatched national marketing platform, call Coldwell Banker Commercial today. Contact: Parker Carroll, CCIM Direct phone: 806.784.3219 E-mail at Pcarroll@CBCWorldwide.com

Aggressive Marketing Through National Platform Opportunity/Challenge The seller, Triangle Insurance Co, needed to dispose of an ofﬁce property they no longer needed. The property consisted of a 3,121 sq. ft. building located in the Briercroft Ofﬁce Park in Lubbock, TX. After using another broker, the seller contacted the Coldwell Banker Commercial TEAM to aggressively market the property both nationally and locally.

Coldwell Banker Commercial represented the Buyer in the acquisition of a NNN Investment property: Buffalo Wild Wings in Austin, TX.

Solution The Coldwell Banker Commercial TEAM listed the property and launched an extremely aggressive marketing campaign complete with property signs, ﬂyers, internet exposure on multiple national websites, a specialized website for the property and classy e-mail marketing. After a period of aggressive marketing, a buyer was found. It took 8 showings between Coldwell Banker Commercial and another broker with multiple offers by the buyers to bring this to a close. Two offers were made by the same company but failed to close. As the saying goes, the third time is a charm. The 3rd and ﬁnal offer closed May 27, 2010. It took over 100 phone calls, 250 emails, 100 text messages and 15 letters, yet Coldwell Banker Commercial never gave up

Coldwell Banker Commercial represented the Landlord and the Tenant in leasing 5,265 SF in the new South Pointe Business Park.

Value Added By Coldwell Banker Commercial Ofﬁce Team • Aggressively marketed the property on behalf of the lender. • Worked together with another broker who brought the buyer. Coldwell Banker Commercial organized all vital details with this broker to get this property sold. • Unmatched marketing exposure. • Unparalleled follow-up between Coldwell Banker Commercial & other broker. All said, more than 500 points of contacts were used to bring this to a successful close. • Coldwell Banker Commercial never gave up “After switching agents to Jef, he was able [to] complete the sale within a matter of months, which shows he did a great deal to improve the number of potential buyers.” –John Berg, CIC, Seller

Coldwell Banker Commercial represented the Buyer in the acquisition of a NNN Investment property: KFC in Ft. Worth, TX.

If you would like to take advantage of our national platform, local expertise and unmatched marketing platform for your property, contact the Coldwell Banker Commercial Industrial Team today. Contact: Jef Conn, CCIM Direct phone: 806.784.3216 E-mail at JConn@CBCWorldwide.com

3223 SOUTH LOOP 289 Just Leased

34TH STREET & INDIANA AVENUE Just Leased

Pyramid Plaza

Indiana Gardens North

Represented the Landlord and the Tenant in leasing three office suites in Pyramid Plaza Office Building representing approximately 11,365 square feet. Also, represented the Landlord in leasing a 1,040 SF office suite.

Represented the Landlord and the Tenant in leasing seven store-front retail spaces in Indiana Gardens North representing approximately 7,775 square feet.

6802 SLIDE ROAD

2333 - 50TH STREET

Just Leased

South Plains Crossing

Former MassMutual Building

Represented the Landlord in leasing a 8,424 square foot retail store-front space in South Plains Crossing. Also, represented the Landlord and the Tenant in leasing retail space totalling approximately 2,400 square feet.

Represented the Landlord in leasing the former MassMutual Ofﬁce Building representing approximately 15,364 square feet.

5444 50TH STREET

2ND STREET & SLIDE ROAD Just Sold

Just Sold

Windy Ridge Apartments

Chicken Express Land Sale

Represented the Buyer in the acquisition of the garden style, 62-unit Windy Ridge Apartment community.

Represented the Seller and the Buyer in the disposition and acquisition of a 37,600 SF tract of land for the construction of a Chicken Express.

2034 82ND STREET

405 SLIDE ROAD

Just Leased

South Pointe Ofﬁce Park

Northpark Shopping Center

Represented the Landlord in leasing approximately 526 square feet of ofﬁce space in South Pointe Ofﬁce Park and the Tenant in approx. 704 square feet.

Represented the Landlord in leasing approximately 4,323 square feet of store-front retail space in Northpark Shopping Center.

5109 82ND STREET

6121 79TH STREET

Just Leased

Just Sold

Lakeridge Plaza S. C.

Oak Center

Represented the Landlord and the Tenant in leasing a 2,400 square foot retail space in Lakeridge Plaza Shopping Center.

Represented the Owner in the sale of a recently constructed 12,974 square foot ofﬁce building in Oak Center.

Just Sold

500 EAST YUCCA LANE Coldwell Banker Commercial represented Monsanto in the purchase of a 17-acre tract in Lubbock Business Park. Monsanto, the agricultural biotechnology giant, is building a $15 million cotton research and development facility. The megasite will provide a central point for the company’s cotton breeding and testing programs in the High Plains region of Texas.

1001 N. I-27, PLAINVIEW Just Leased

2517 - 74TH STREET Just Sold

Stonegate Shopping Center Represented the Landlord in leasing store-front retail space in Stonegate Shopping Center with approximately 2,684 square feet.

Represented the Seller in the disposition of a 5,263 SF freestanding ofďŹ ce building in south Lubbock.

5502 AUBURN

1116 E. 50TH STREET Just Sold

Represented the Owner in the disposition of a 9,644 square foot church in northwest Lubbock.

4100 ERSKINE STREET

Just Leased

Represented the Landlord in leasing a large ofďŹ ce/warehouse complex featuring approximately 52,889 square feet.

Just Sold

Coldwell Banker Commercial represented the Seller in the disposition of a 31.5 acre multi-family tract of land for the future construction of a new student housing community.

Just Sold

77TH & MILWAUKEE Coldwell Banker Commercial represented the Seller and the Buyer in the disposition and acquisition of a 2.95 acre tract of land for the future construction of an upscale child daycare facility.

2600 SOUTH SUNSET - LITTLEFIELD, TX Fully operational and move-in ready faciltiy featuring: 

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  

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 

Property: Building Area: Land Area: Year Built: Appraised at:

Existing 383 bed adult correctional facility 94,437 SF 30 Acres 2000 $11,200,000

 

   

Two layers of fencing and razor wire perimeter Covered and secure walkways between buildings Front entrance security gate Entrance security clearance area Personnel ofﬁces - computers ofﬁce supplies “Control Room” for security cameras and doors Employee lounge Inmate health care facility - fully stocked Inmate visitation room Kitchen and laundry facility with equipment Inmate library - full stocked Inmate gymnasium Inmate classrooms Inmate clothing

JUST SOLD

WINDY RIDGE APARTMENTS

5444 - 50th Street Lubbock, TX Taylor Tucker, CCIM with Coldwell Banker Commercial represented the Buyer in the acquisition of Windy Ridge Apartments, a 62-unit garden style multi-family community in west Lubbock.

The Coldwell Banker West Texas Multi-Family Group Marketing Area

MULTI-FAMILY GROUP

Due to the conﬁdential nature of many multi-family listings, the speciﬁc names and addresses cannot always be advertised. Please call Taylor Tucker, CCIM or Rick Canup, CCIM for information on apartments in Lubbock, Amarillo, Abilene, San Angelo, and Midland/ Odessa. Taylor Tucker, CCIM

806.784.3260 direct 806.470.3844 cell TTucker@CBCWorldwide.com

Rick Canup, CCIM

806.784.3204 direct 806.438.8188 cell RCanup@CBCWorldwide.com

If you are considering selling or acquiring an apartment property, call: Taylor Tucker, CCIM

808 - 8TH STREET

7902 OAKRIDGE

$460,000 Sales Price 21,852 SF with 1,728 SF of ofﬁces  4,080 SF second ﬂoor storage area  3 dock-high doors with levelers  Overhead door with ramp into warehouse

$795,000 Sales Price 24,178 total square feet  3,306 square foot ofﬁce  2 acres  2 grade-level doors

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2610 SOUTH LOOP 289

$1.32 PSF Lease price (modiﬁed gross) 101,114 sq. ft. leasable space  12 dock-high doors - 9 with levelers  1 dock-high door with ramp access

2420 E. SLATON HIGHWAY

$875,000 Sales Price 2,801 sq. ft. ofﬁce / 7,181 sq. ft. warehouse  11.44 acres with fenced yard  4 grade-level overhead doors  Built in 2003

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SALEM VILLAGE ANNEX 4621 South Loop 289

NORTHPARK VILLAGE CENTER 405 Slide Road

3,900 SF storefront space  Suitable for retail or ofﬁce  $13.00 PSF (NNN)  Excellent visibility along S. Loop 289 access road

2 storefront suites available  1,068 SF and 1,334 SF  $14.00 PSF (NNN)  Negotiable ﬁnish-out allowance

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FORMER BERGMAN’S

WEST WIND CENTER

3838 - 50th Street

11,767 SF custom designed building High visibility on busy major thoroughfare  $1,300,000 Sales Price  38 off-street parking spaces

5510 - 4th Street

2 storefront suites available 1,243 SF and 1,952 SF  $17.00 PSF and $18.00 PSF (NNN)  Located across from Super Wal-mart

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OMNI BUILDING

COMMERCE BUILDING

1208 - 14th Street

1120 - 14th Street

Bank Owned REO

11-story building in central business district  145,000 SF  Multi-story parking garage  $1,750,000 Sales Price

2-story building in central business district  11,954 SF  Large adjacent off-steeet parking lot  $410,000 Sales Price

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SOUTH POINTE BUSINESS PARK

NEW OFFICE BUILDING

4413 - 82nd Street

New 8-building ofﬁce park development 526 SF to 2,104 SF available  $13.75 - $15.75 PSF (Full Service)  Access to shared 8-12 person conference room

7310 Slide Road

New construction 2,272 SF available  $16.50 PSF Lease (NNN)  Space can be ﬁnished to tenant’s requirements

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WILD BURGER GRILLE

Under Renovation

3515 - 50th Street Lubbock, TX

Renovations underway  11% CAP rate  10 year lease  Absolute NNN  6% increase every 2 years  $982,000 Sales Price  Tenant to open this Fall 

SOLD

ULTIMATE ELECTRONICS - Lubbock, TX  

Premium location (4) 5-year renewal options

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New 10 year lease 33,167 square feet

SOLD

APPLEBEE’S - Killeen, TX  

8.83% CAP rate Absolute NNN lease

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19+ year lease 5,027 square feet

SOLD

KFC - Ft. Worth, TX  

8.10% CAP rate Absolute NNN lease

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20 year lease 2,730 square feet

5109 - 82ND STREET

4100 ERSKINE STREET

4.08 acres - $15.00 PSF

Potential C-2 uses: Medical  Ofﬁce  Retail  Financial  Mixed use: Ofﬁce / Retail / Restaurant

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Two 15-acre development tracts  Frontage on Loop 289 with cross-access 

6802 - 82ND STREET

2.4 acre development tract  Frontage on 82nd Street  $9.95 per square foot 

6005 & 6007 - 45TH STREET

Two development tracts: 56,600 SF & 38,000 SF Located between Marsha Sharp Frwy. & Loop 289  $8.00 per square foot  

VINTAGE LIFESTYLE CENTERS

6424 - 4th STREET

$6.50 PSF  7.126 Acres  Frontage on 19th and Milwaukee  C-3 Zoning 

Phase I and II: 22+ acres - Sale or Lease  Retail  Restaurant  Ofﬁce  Multi-Family 

PRIME DEVELOPMENT ALONG THE NEW MILWAUKEE CORRIDOR

Various tracts: 1.72 acres to 19.5 acres  Between Canyon West & Super Wal-Mart PSF  New Elementary and Middle School Under Construction 

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$2.50 PSF to $12.50

RETAIL SPACE

RETAIL BLDG.

Lubbock Commons

For Lease

6419 - 82nd Street; Space 500

2,256 SF

(New retail center - 82nd & Milwaukee - next to Wal-Mart)

Coldwell Banker Commercial represented the Seller and the Buyer in the disposition and acquisition of a 13,823 SF retail strip center on 34th Street

$20.00 PSF (NNN)

RETAIL BLDG.

4,000 SF

(Freestanding building - NNN leased property)

$440,000

RETAIL BLDG. Wild Burger Grille

3838 - 50th Street

11,767 SF

(Built in 2007 - 9,000 SF showroom - 38 parking spaces)

$1,300,000

RETAIL SPACE For Sale

3007 - 50th Street

For Sale

For Lease

Mission Plaza

3501 - 50th Street

3,185 SF

(Storefront space - suitable for all retail types - excellent parking)

$7.00 PSF (NNN)

RETAIL SPACE For Sale

Sentry Plaza Center

For Sub-Lease

Coldwell Banker Commercial represented the Buyer in the acquisition of the 18,000 SF Salem Village Annex.

3515 - 50th Street

3,349 SF

(NNN Lease - new restaurant - remodeled building - 11% CAP)

$982,000

RETAIL BLDG.

6602 Slide Road

5,150 SF

(Large showroom with excellent visibility from Slide Road)

$10.49 PSF (Mod. Gross)

RETAIL SPACE For Lease

South Plains Crossing

For Lease

Coldwell Banker Commercial represented the Landlord in leasing 2,400 SF of storefront space in the South Plains Crossing center. 6202 Milwaukee Ave.

29,212 SF

(State-of-the-Art facility - lg. service center - 2-bay oil change)

$14.79 PSF (NNN)

6802 Slide Road

1,200 SF to 3,680 SF

(144,965 SF Power Center anchored by a Hobby Lobby) $14.00 PSF - $16.00 PSF (NNN)

RETAIL SPACE

RETAIL BLDG.

Stonegate Center

For Lease

1001 N. 1-27, Plainview, TX

60,643 SF

(An anchor space in a large shopping center complex)

$5.50 PSF (NNN)

RETAIL SPACE

23,000 SF

(Quality space - high visibility - next to a new Hastings)

$13.00 PSF (NNN)

RETAIL SPACE Salem Village Annex

4621 S. Loop 289

10,908 SF

(High visibility - former CVS Pharmacy building)

$10.00 PSF (NNN)

3,900 SF

RETAIL SPACE

Running Water Draw

1701 W. 5th Street

5510 - 4th Street

Up to 17,163 SF

$5.50 PSF (NNN)

RETAIL BLDG.

1,243 SF and 1,952 SF

(New center in NW Lubbock across from a Super Wal-mart)

$17.00 - $18.00 PSF (NNN)

For Sale

3007 - 50th Street

4,000 SF

(Freestanding building with covered drive-through)

$440,000

RETAIL SPACE For Lease

5721 Frankford Ave.

For Lease

(Storefront space - retail center on highway through city)

For Lease

West Wind Center

For Lease

$13.00 PSF (NNN)

98th St. & Indiana Ave.

5120 - 34th Street

RETAIL BLDG.

(Storefront space in a quality building - great visibility)

Sunridge Center

For Sub-Lease

RETAIL SPACE For Lease

3429 - 50th Street

RETAIL SPACE

3,400 SF

(An automotive sales facility with spacious sales ofﬁce) $17.65 PSF (NNN)

Indiana Gardens North

3416 - 34th Street

For Lease

2,038 SF

(Highly visible - major intersection - storefront space)

$5.50 PSF (NNN)

RETAIL SPACE For Lease

9,216 SF

(New anchor storefront space - across Indiana from Kohl’s)

$14.00 PSF (NNN)

For Lease

3207 - 50th Street

1,573 SF

(Storefront unit - suitable for food service or all other retail)

$14.50 PSF (Modiﬁed Gross)

RETAIL SPACE Running Water Draw Plainview, TX

1701 W. 5th Street

RETAIL SPACE For Lease

Up to 17,163 SF

(Storefront space - retail center on highway through city)

$5.50 PSF (NNN)

Coldwell Banker Commercial represented the landlord in leasing a 7,800 SF storefront space in the Lakeridge Plaza center.

RETAIL BLDG.

6,045 SF

(Free-standing with lg. open space with storefront windows)

$375,000

RETAIL SPACE Parkway Place

Coldwell Banker Commercial represented the Landlord and the Tenant in leasing 2,035 SF of retail space in the Indiana Gardens North center.

1824 Parkway Drive

2,038 SF & 3,158 SF

(Highly visible - major intersection - storefront space)

$7.30 PSF (Modiﬁed Gross)

For Lease

Northpark Center

405 Slide Road

1,068 SF and 1,334 SF

(Storefront space in a quality retail complex)

$14.00 PSF (NNN)

RETAIL BLDG. For Lease

1,243 SF to 7,000 SF

(New neighborhood center with storefront space)

$12.00 PSF (NNN)

RETAIL BLDG. NNN Investment

3416 - 34th Street

For Lease

RETAIL SPACE For Sale

1940 - 34th Street

Indiana Gardens North

For Sale

1405 W. American Blvd.

5,400 SF

(Williams General Store - located in Muleshoe, TX)

$350,000

RETAIL SPACE For Sale

For Lease

Coldwell Banker Commercial represented the Landlord and the Tenant in leasing 3,084 SF of ofﬁce space in Pyramid Plaza Ofﬁce Building. 6006 - 82nd Street

2,460 SF

(Operating dry cleanering drop-off - 8.5% CAP - 10 yrs.)

$650,000

4206 - 50th; Suite B

1,610 SF

(Two adjoining retail areas with a service counter & ofﬁce)

$7.00 PSF (NNN)

RETAIL BLDG.

RETAIL SPACE For Sale

5721 Frankford Ave.

3,400 SF

(An automotive sales facility with spacious sales ofﬁce)

$1,200,000

RETAIL SPACE Sunridge Center

98th St. & Indiana Ave.

Plainview, TX

1,350 to 4,400 SF

RETAIL SPACE

$10.00 PSF (NNN)

For Lease

1303 82nd Street

RETAIL BUSINESS

3,185 SF

(Storefront space with anchor visibility - high trafﬁc ﬂow)

$7.00 PSF (NNN)

RETAIL SPACE South Plains Crossing

1,612 to 3,461 SF

(Strip center with OH doors now available - build-out) $8.00 PSF (NNN)

For Lease

405 Slide Road

1,049 to 5,966 SF

RETAIL SPACE

$14.00 PSF (NNN)

Mission Plaza

For Lease

(Multiple storefront spaces in a large shopping center)

For Lease

(New anchor storefront space - across Indiana from Kohl’s)

6802 Slide Road

Stonegate Center

For Sale

1811 Broadway Ave.

4,611 SF

(5 bedroom, 2-story bed & breakfast inn - fully equipped)

$400,000

RETAIL BLDG. For Lease

1,200 SF to 3,200 SF

(144,965 SF Power Center anchored by a Hobby Lobby)

$14.00 PSF - $16.00 PSF (NNN)

For Sale

3207 - 34th Street

7,080 SF

(Storefront space with overhead door in rear)

$175,000

RETAIL BLDG.

RETAIL BLDG. For Sale

103 W. Main Street, Earth, TX

2,800 SF

(Former Dairy Queen restaurant - equipment included)

$125,000

Coldwell Banker Commercial represented the Landlord and the Tenant in leasing 5,265 SF in the new South Pointe Business Park.

OFFICE SPACE

For Sale

5129 - 69th Street

(An operating oil change facility)

$200,000

OFFICE SPACE For Lease

4502 - 50th Street

4,665 SF

(Freestanding building with excellant off-street parking)

$9.50 PSF (NNN)

OFFICE BLDG.

For Lease

4903 - 82nd Street

3.153 SF

(A quality suite with 12 private ofﬁces - large conference room)

$16.00 PSF (modiﬁed gross)

OFFICE BLDG. For Sale / Lease

Coldwell Banker Commercial represented the Landlord in leasing 1,590 SF of space at the Coopertree Ofﬁce Building.

1,980 SF

2024 Broadway Ave.

2,354 SF

(Located between Texas Tech and downtown - corner lot)

$210,000 Sale / $8.00 PSF (NNN) Lease

OFFICE SPACE

For Sale / Lease

3610 - 34th Street

756 SF to 6,100 SF

(Interior gutted - ready for ﬁnish-out. Close to medical district.)

$350,000 Sale / $10 PSF (NNN) Lease

OFFICE BLDG. For Lease

For Sale

Coldwell Banker Commercial represented the Landlord and the Tenant in leasing 12,851 SF of ofﬁce space in Pyramid Plaza Ofﬁce Building. 5313 - 50th Street; Suite C-4

800 SF

(Two private ofﬁces with reception - coffee bar area)

$9.75 PSF (Modiﬁed Gross)

1202 Jarvis

30,000 SF

(2 connected buildings - 90+ private ofﬁces - 2.24 acre)

$402,500

OFFICE BLDG.

OFFICE SPACE For Sale

1208 - 14th Street

145,000 SF

(Multi-story building with multi-story parking garage)

$1,750,000

OFFICE SPACE

For Lease

4412 - 74th Street

515 SF - 1,758 SF

(Professional ofﬁce space - excellent parking)

$14.50 - $15.00 PSF (Full Service)

OFFICE SPACE

4,932 SF

(Mutiple ofﬁces - large warehouse/shop area w/overhead door)

$10.00 PSF (Modiﬁed Gross)

OFFICE SPACE

1120 - 14th Street

11,954 SF $410,000

OFFICE SPACE

1,612 - 1,849 SF

(Space can be built-out to tenant’s speciﬁcations)

$8.00 PSF (NNN)

OFFICE SPACE South Pointe

6306 Iola

4,000 and 4,245 SF

(7-year old freestanding ofﬁce building with multiple suites)

$12.50 PSF (Mod. Gross)

OFFICE BLDG.

(2-story, corner lot building - downtown area)

3223 S. Loop 289;

For Sale

400 Wall St., Midland, TX

180,000 SF

(High-rise ofﬁce building in the heart of downtown Midland)

$1,250,000

OFFICE BLDG. For Lease

For Lease

1303 82nd Street

For Lease

For Sale

For Lease

5901 - 63rd Street

OFFICE SPACE

Atrium Level 1,371 SF

(Large atrium / multi-level waterfall / glass elevators)

$10.00 PSF (Full Service)

For Sale

2333 - 50th Street 15,364 SF (2-story building - former MassMutual building) $1,150,000 Sale

OFFICE SPACE For Lease

2034 - 82nd St.

526 SF; 1,052 SF & 2,104 SF (8-building ofﬁce park currently under development)

$13.75 - $15.75 PSF (Full Service)

For Lease

5313 - 50th Street

800 SF

(Two private ofﬁces with reception - coffee bar area)

$9.75 PSF (Modiﬁed Gross)

OFFICE SPACE

OFFICE SPACE For Lease

7310 Slide Road

2,272 SF

( New ofﬁce space that can be conﬁgured to tenant’s needs)

$14.50 PSF (NNN)

Coldwell Banker Commercial represented the Landlord in leasing 3,802 SF on the first floor of the Pyramid Plaza Office Building.

OFFICE SPACE

1,533 - 3,680 SF

$14.00 - $16.00 PSF (NNN)

OFFICE SPACE

$12.00 PSF (Modiﬁed Gross)

For Sale

400 Wall St., Midland, TX

3223 S. Loop 289

180,000 SF

(High-rise ofﬁce building in the heart of downtown Midland)

$1,250,000

OFFICE SPACE For Lease

Pyramid Plaza

1,537 SF

(2 oversized private ofﬁces with large reception area)

For Lease

(144,965 SF Power Center anchored by a Hobby Lobby)

Coldwell Banker Commercial represented the Landlord and Tenant in leasing 3,457 SF of ofﬁce/showroom space at 1303 - 82nd Street.

1116 Broadway; Suite B

OFFICE BLDG.

South Plains Crossing

6802 Slide Road

For Lease

748 SF - 4,181 SF

(Large atrium / multi-level waterfall / glass elevators)

$16.00 PSF (Full Service)

OFFICE BLDG.

For Lease

7802 Indiana Ave.

2,973 SF

(Great location - high trafﬁc area fronting Indiana Ave.)

$13.50 PSF (Modiﬁed Gross)

OFFICE BLDG. For Lease

For Sale

Coldwell Banker Commercial represented the Seller in the disposition of a 6,000 SF warehouse/retail storefront building on Southwest Loop 289. 2720 - 82nd Street

2,125 SF

(6 private ofﬁces - work room - new paint & carpet)

$12.50 PSF (modiﬁed gross)

16 Briercroft

4,960 SF

(Remodeled 2-story with unﬁnished basement)

$250,000

OFFICE BLDG.

OFFICE SPACE For Sale

1811 Broadway Ave.

4,611 SF

(Elegant 2-story with large basement - near Texas Tech)

$400,000

OFFICE SPACE

OFFICE BLDG. For Lease

Pyramid Plaza

3223 S. Loop 289

190 SF & 299 SF

(Executive suites / multi-level waterfall / glass elevators)

$24.00 PSF (Full Service)

OFFICE / WHSE. For Lease

4747 S. Loop 289

1,998 SF

(Quality space with multiple ofﬁces - large conference room)

$16.00 PSF (Full Service)

WAREHOUSE

5177 - 69th Street

6,250 SF $439,000

WAREHOUSE

$439,000

$165,000

For Sale

1325 E. 37th Street 9,400 SF (Warehouse with 2 overhead doors - fenced yard) $190,000

WAREHOUSE For Lease

24,178 SF

(Warehouse with ofﬁce space - easily divided into smaller units)

$2.99 PSF (NNN)

For Sale

906 Avenue U

3,000 SF

(Metal bldg. with 2 grade-level doors - 1 crane - fenced yard)

$200,000

WRHSE./OFFICE For Lease

1201 N. Gary Avenue

12,827 SF

(Freestanding building with ofﬁces & large warehouse space)

7902 Oakridge

2,801 SF*

(Freestanding building - design allows for multi-tenant use)

WAREHOUSE

(Freestanding building with ofﬁce - showroom - overhead door)

17 Briercroft Ofﬁce Park

For Sale

8214 Valencia

For Sale

57,880 SF

(3 buildings - newly remodeled ofﬁces - 11 cranes - fenced)

$1.55 PSF (NNN) Lease

For Sale

714 - 34th Street

30,275 SF

(3 warehouse buildings - 8 ofﬁces - fenced - renovating now)

$350,000 Sale

WAREHOUSE

WAREHOUSE For Sale

6716 Cedar

5,637 SF

(15 grade level doors - 3 ofﬁces - fenced stack yard)

$179,000

Coldwell Banker Commercial represented the Seller in the disposition of an 11,040 SF warehouse/ofﬁce facility.

WAREHOUSE

For Sale

2420 E. Slaton Hwy.

$875,000

WAREHOUSE For Lease

1111 E. Slaton Hwy.

9,982 SF

(Lg. warehouse / nice ofﬁces - 11.44 acres - built 2003)

8,000 SF

(Warehouse with showroom area and dock-high doors)

$3,200 per month (NNN)

WAREHOUSE

For Sale

1201 N. Gary Avenue

57,880 SF

(3 buildings - newly remodeled ofﬁces - 11 cranes - fenced)

$850,000

WAREHOUSE For Sale

For Sale / Lease

Coldwell Banker Commercial represented the Seller in the disposition of a 728,450 SF distribution / warehouse facility on Avenue A.

7902 Oakridge Ave.

24,178 SF

(Warehouse/ofﬁce with 4,500 sq. ft. ofﬁce space)

$775,000

WAREHOUSE

8110 N. Frankford Ave.

$750,000 Sale / 1.75 PSF (Mod. Gross) Lease

WAREHOUSE For Sale

Coldwell Banker Commercial represented the Seller in the disposition of Crown Business Park, an 81,425 SF ﬂex space facility on Brownﬁeld Hwy.

2212 Clovis Road

40,963 SF*

(3 grade level doors / 1 dock high door - security fenced)

$625,000

55,276 SF

(Multi-warehouse facility with sep. ofﬁce building)

For Lease

222 N. Avenue U

14,400 SF

(Lg. metal warehouse - fenced yard - lg. overhead doors)

$2.40 PSF

WAREHOUSE

For Lease

2601 SE Loop 289

101,114 SF

(Lg. metal warehouse complex - multiple dock-high doors)

$1.32 PSF (NNN)

WAREHOUSE

For Sale

808 - 8th Street

21,852 SF

(6 dock-high doors - 3 with levelers - 1 with ramp) $460,000 Sale

WAREHOUSE

9,337 SF

(3 buildings - warehouse/ofﬁce/self-storage - fully fenced)

$150,000

WAREHOUSE

8701 S. MLK

6,743 SF

(2 Warehouses - 4.725 acres - 5 grade level doors - water well)

$179,000

WAREHOUSE

5,000 SF

(Prime highway frontage - 2 overhead doors - 4 ofﬁces)

$200,000

WAREHOUSE

$340,000

For Lease

808 - 8th Street

21,852 SF

(6 dock-high doors - 3 with levelers - 1 with ramp)

$2.50 PSF (NNN) Lease

WAREHOUSE For Sale

2422 Clovis Road

20,012 SF

(Warehouse with 6 ofﬁces - Dock-high doors)

$312,450

For Lease

6526 - 100th Street

1,200 SF

(Metal building with 6.7 acres of land and water well)

$4.50 PSF (Modiﬁed Gross)

WRHSE./OFFICE For Sale

1525 E. 34th Street

17,191 SF

(Six individual units - 100% leased)

For Sale

207 Hwy. 62/82

2010 Clovis Hwy.

WAREHOUSE

For Sale

2520 E. 50th Street

For Sale

15,228 SF

(Single building with 4 dock-high doors - 1.92 acres - fenced)

$175,000

For Lease

714 - 34th Street

30,275 SF

(3 warehouse buildings - 8 ofﬁces - fenced - renovating now)

$2.50 PSF (NNN) Lease

N. Loop 289 & Memphis

6.05 Acres $7.44 per SF

7310 Slide Road

20,400 SF $8.00 per SF

6424 - 4th Street

7.126 Acres $6.50 per SF

4100 Erskine Street

30 Acres Call Broker

12307 Slide Road

1.38 Acres $7.00 per SF

6210 - 82nd Street

1.4 Acres $16.00 per SF

502 N. Winston Ave. 4.96 Acres $12.00 to $14.00 per SF

6301 - 82nd Street

4.00 Acres $9.00 per SF

4350 - 19th Street

22,055 SF $20.00 per SF

Frankford & Erskine St.

3.26 Acres $6.00 per SF

5109 - 82nd Street

4.08 Acres $15.00 per SF

12403 Upton

N. Loop 289 & Slide Road

2.41 Acres $16.00 per SF

106th & Quaker Ave.

2.04 Acres $9.00 per SF

5309 - 50th Street

2.17 Acres $10.75 per SF

2nd Street & Slide Road

0.937 Acres $16.00 per SF

12301 Slide Road

1.38 Acres $7.00 per SF

6005 - 47th Street

1.3 Acres $8.00 per SF

6201 - 79th Street

5.28 Acres $6.00 per SF

12411 Slide Road

3.67 Acres $7.00 per SF

6007 - 47th Street

38,000 SF $8.00 per SF

2401 W. Loop 289

2.836 Acres $5.00 per SF

NEC of Quaker & FM1585

7.02 Acres $5.00 per SF

4103 N. Frankford

3458 W. Loop 289

37,480 SF $6.00 per SF

NEC of Quaker & 146th St. 197 Acres $12,500 per Acre

SWC of 66th & Iola Ave.

19.5 Acres $2.50 per SF

2202 FM 1585

SEC 66th & Milwaukee Ave. 16.82 Acres $6.00 per SF

98th Street & Indiana Ave.

SWC 66th & Milwaukee Ave. 3.4 Acres $12.00 - $15.00 per SF

2611 S. Loop 289

6600 - 66th Street

6.11 Acres $6.00 per SF

SEC of 34th Street & MLK

6700 - 66th Street

3.93 Acres $6.00 per SF

2539 - 74th Street

17,424 SF $5.25 per SF

7221 Brownﬁeld Hwy.

2.74 Acres $10.00 per SF

3402 E. 4th Street

141 Acres $375,000

6900 Milwaukee Ave.

3.63 Acres $10.00 per SF

99th Street & Slide Road

7100 & Milwaukee Ave.

4.86 Acres $10.00 per SF

4412 - 6th Street

7700 Milwaukee Ave.

5.47 Acres $12.50 per SF

7907 FM 179

7800 Milwaukee Ave.

6.97 Acres $12.50 per SF

FM 179

6400 - 74th Street

12.01 Acres $3.00 per SF

207 U.S. Hwy 62/82

3.29 Acres $3.99 per SF

7400 Milwaukee Ave.

1.72 Acres $12.50 per SF

SEC Milwaukee & Ursuline

10 Acres $1.50 per SF

7900 Milwaukee Ave.

2.7 Acres $12.50 per SF

SWC Quaker & 114th

6802 - 82nd Street

2.40 Acres $11.75 per SF

SWC 98th Street & Alcove

NEC Milwaukee & Ursuline 160 Acres $4,950 per acre

130 Acres $5,808 per Acre 1.9 Acres $12.00 per SF

15.377 Acres $22,166 per Acre 5.77 Acres $135,000

2.6 Acres $10.00 per SF 41,382 SF $11.00 per SF 21,000 SF $12.00 per SF 100 Acres $10,000 per acre

6.05 Acres $8.00 - $9.00 per SF 123 Acres $11,000 per acre

30 Acres $15,000 per Acre

12 Acres $240,000

Plainview, TX: StoneGate Center 6.96 Acres $2.50 per SF 2.790 Acres $6.00 per SF 1.63 Acres $4.91 per SF 1.34 Acres $6.45 per SF 1.24 Acres $8.00 per SF Midland, TX: Interstate 20 & Rankin Hwy. Tract I 7.12 Acres $3.25 per SF Tract II 7.55 Acres $2.00 per SF Tract III 1.17 Acres $2.00 per SF Tract IV 7,000 SF $2.00 per SF Tract V 16.0 Acres $2.25 per SF  A Few

Examples of Previously Sold Land 4100 Erskine Street 2201 N. Loop 289 6810 - 82nd Street 109th & Quaker Ave. 66th & Milwaukee Ave. 34th & W. Loop 289 73rd & Milwaukee Ave. Woodrow Rd. & Quaker Frankford & Ursuline Ave. 502 N. Winston Frankford & Erskine St. Quaker Ave. & FM 1589 107th & Quaker Ave. Frankford & Erskine St. 66th & Milwaukee Ave. 10301 Slide Rd. 502 S E Loop 289 8602 - 19th Street 3424 W. Loop 289 6201 - 79th Street E. Loop 289 & 19th St. 7700 Milwaukee Ave..

30 Acres 45 Acres 2.4 Acres 3.99 Acres 8.35 Acres 140 Acres 12 Acres 421 Acres 5.02 Acres 4.96 Acres 1.49 Acres 7.02 Acres 35,000 SF 83,821 SF 40,197 SF 3 Acres 7.02 Acres 3.36 Acres 3.5 Acres 2.36 Acres 30 Acres 2.95 Acres

Midland, TX Development Land

Rick Canup, CCIM

806.784.3204

Scott Womack

806.784.3265

Broker and C.E.O. Started the company in 1977 Specializing in Multi-Family Brokerage and Land Development. Brokered thousands of multi-family units. Led the development of a prime 18 acre site involving such clients as Cheddar’s, Applebee’s, Outback Steakhouse, Hampton Inn, Courtyard by Marriott, and Fairﬁeld Inn.

Specializing in the brokerage, leasing and management of ofﬁce and retail properties. Participated in the sale or lease of commercial properties with a total volume exceeding $139,000,000 and has leased over 1,750,000 sq. ft. of ofﬁce and retail space. Currently responsible for the management of over 325,000 sq. ft. of commercial properties.

Dwight Thomason, CCIM

Taylor Tucker, CCIM

806.784.3241

806.784.3260

A licensed Broker since 1976 and Certiﬁed Commercial Investment Member (CCIM). Specializing in Industrial and Retail brokerage and leasing. Maintains a database of over 950 industrial/warehouse properties with over 25,000,000 sq. ft. of space. Participated in the sale or lease of commercial properties with a total volume of more than $48,600,000 and leased over 1,000,000 SF of commercial space.

Certiﬁed Commercial Investment Member (CCIM). Specializing in the brokerage of Multi-Family properties throughout the Texas High Plains and West Texas an area covering 71 counties. Maintains a database of over 540 multi-family properties representing more than 57,500 total units and approximately 400 property owners. Recognized as the #1 apartment Broker in Coldwell Banker Commercial in 2009.

Jef Conn, CCIM

Parker Carroll, CCIM

806.784.3216

Certiﬁed Commercial Investment Member (CCIM). Specializing in Industrial and Ofﬁce Brokerage and Leasing. Maintains a database of over 950 Industrial properties representing over 25,000,000 sq. ft. of space and approximately 1,000 owners and investors. Currently marketing over $11,000,000 of property. Member of the Coldwell Banker Commercial Industrial Group. Graduate of Texas Tech Rawls College of Business.

Beau Tucker

806.784.3298

“The Land Man,” specializing in all aspects of land and investment brokerage and it’s use including site selection and land development opportunities for retail, ofﬁce, and mixed-use end users and developers. Member of ICSC and RECON attendee. Member of the REALTORS Land Institute (RLI). Currently pursuing the Certiﬁed Commercial Investment Member (CCIM) designation and the coveted Land Consultant (ALC) designation. Maintains a database of over 1,750 investors. Responsible for over $65,000,000 of land inventory.

806.784.3219

Specializing in all aspects of net-leased investment and shopping center brokerage. A graduate of Texas Tech University’s Rawls College of Business with a degree in Marketing. Certiﬁed Commercial Investment Member (CCIM), Member of the International Council of Shopping Centers (ICSC), and sits on the Active Board for Young Professionals of Greater Lubbock. Recently closed over $31,000,000 in transactions.

“EXPERT KNOWLEDGE AT WORK FOR Y0U” A TEAM approach to the brokerage, leasing, and management of retail centers, ofﬁce buildings, and industrial properties as well as the brokerage of apartments and land development opportunities.