Lubbock Industrial Market Overview . . . 2011 Lubbock’s Industrial market is still holding strong with an overall vacancy rate of 3.3% rate compared to the national average of 9.8%, according to the CoStar Research Group. This is great news, given that the amount of demand of cotton storage is less than in previous years. The asking rental rate for all Lubbock Industrial properties increased 6.3% and currently stands at $3.03/SF. Flex properties (office/warehouse) rental rate currently stands at $6.35/SF. Despite the drought that has caused some cotton gin companies to not expand into new space, smaller companies are continuing to thrive in Lubbock and fill up space that would have otherwise not been available. This is due to the 2.8% increase in employment over the past 5 years.
Coldwell Banker Commercial represented the Landlord and Tenant in leasing a 1,573 SF space in a freestanding retail building on 50th Street to The Chocolate Mousse Pie Bar.
Overall there is currently 1,073,923 SF available for sale or lease in Lubbock ranging in size from 450 SF to 100,000 SF. Below is a chart of 2010-2011 vacancy numbers. Period
2011 2q 2011 1q 2010 4q 2010 3q 2010 2q 2010 1q
Coldwell Banker Commercial represented the Buyer in the acquisition of a 3,400 SF used car lot facility in southwest Lubbock.
Existing Inventory # Total Buildings RBA 2031 2031 2031 2031 2031 2031
32,947,277 32,947,277 32,947,277 32,947,277 32,947,277 32,947,277
Vacancy Direct Total SF SF 1,015,198 962,589 788,026 1,189,380 1,277,016 1,158,585
1,073,923 1,021,314 848,351 989,953 1,249,705 1,335,741
Net Deliveries Quoted Vac Absorption # Total Rental % Bldgs RBA Rates 3.3% (52,609) 3.1% (172,963) 2.6% 141,602 3.3% 259,752 3.8% 86,036 4.1% (111,434)
0 0 0 0 0 1
0 0 0 0 0 6,997
$3.03 $2.8 $2.54 $2.56 $2.60 $2.58
Many companies in the Lubbock area have begun to look for creative ways to increase their bottom line so they can be able to tap into the increase in employment and expand their businesses. One way they are doing this is by utilizing the sale-lease back approach. This is where a company who owns the real estate their business resides in sells the real estate to an investor and leases it back to them. Typically this lease is done for 10-20 years. This approach allows business owners to pull their capital locked in by real estate and put it to work for expanding their business. Our Coldwell Banker Commercial Industrial Team has the expertise to help you evaluate whether or not a Sale-Lease back is a viable option for you and your company.
Coldwell Banker Commercial represented the Seller and the Buyer in the disposition and acquisition of a 7,487 SF office/ warehouse.
Give us a call today so that we can sit down with you, discuss your objectives and figure out a plan moving forward. Contact: Jef Conn, CCIM, MBA
2
Industrial/Office/Investment Specialist / 806.784.3216 direct E-mail at JConn@CBCWorldWide.com
Office Building Sale - Case Study Coldwell Banker Commercial (CBC) represented the Landlord is the sale of a multi-tenant office property located at 5807 63rd in Lubbock, TX Situation: The seller had a 100% occupied office building which had three tenants and decided to sell the building to move cash from this investment to future development/investments. Coldwell Banker Commercial exclusively represented the seller in the local and national marketing of the property. The Property: 5807 63rd is a 6,750 SF with three tenants on .74 acres in Southwest Lubbock just off Frankford Avenue & 63rd Street.
Coldwell Banker Commercial represented the Landlord in leasing 3,000 SF of office/flex space in southwest Lubbock.
Process: Coldwell Banker Commercial utilized an aggressive marketing approach to contact all local buyers, Lubbock brokers, as well as reached out to a national audience via the Coldwell Banker Commercial platform and the CCIM network. Leaving no stone unturned, CBC was able to locate a broker whose client had inherited a large sum of money looking for a passive investment.
Coldwell Banker Commercial represented the Landlord and Tenant in leasing 6,000 SF of retail space in Mission Plaza.
Results: Coldwell Banker Commercial worked with the seller and the buyer’s agent to walk the transaction through from the initial offer to closing.
All showings, tours, inspections were set up through our customized closing process which makes sure all properties move from contract to closing as quickly and smoothly as possible.
The seller was able to quickly sell the property at a price agreeable to both buyer and seller.
The buyer was able to get a passive investment that will help grow their portfolio.
Thinking about investing in passive real estate investments? The Office Team at Coldwell Banker Commercial has active property listings and access to all available properties that could benefit you and your portfolio. These single and multi-tenant investments provide buyers with great opportunities to grow their portfolios with properties ranging in price from $260,000 to $1mm+.
Coldwell Banker Commercial represented the Landlord and Tenant in leasing 2,521 SF of office space in Sonoma Plaza.
Contact: Jef Conn, CCIM, MBA
3
Industrial/Office/Investment Specialist / 806.784.3216 direct E-mail at JConn@CBCWorldWide.com
The Investor Flight From Stock Market to Commercial Real Estate Investments Fasten your seat belts, please keep your hands and feet inside the moving car at all times. Be prepared for a bumpy ride. Over the past year, this could describe the roller-coaster ride of investing in the stock market. With sudden drops in the Dow Jones industrial average ranging 250-500 points in a single day becoming commonplace, investors are flocking to a less bumpy, more secure place to invest their money. That place is commercial real estate.
Coldwell Banker Commercial represented the Buyer in the acquisition of a NNN Investment property in Lubbock, TX.
One look at the above chart of the Dow Jones changes shows a drastic drop in the second half of 2011. Individual investors invested $2.1 billion in commercial real estate in 2010, up from $579 million, according to Real Capital Analytics Inc. This trend is expected to increase to the $3.5+ billion range in 2011. The Reason: Investors Want Security.
Coldwell Banker Commercial represented the Seller in the disposition of a 2,801 SF office building.
Commercial Real Estate investments such as single tenant net-leased properties, multi-tenant office buildings and shopping centers provide an investor with a physical asset they can use to build their portfolio. Single Tenant Net-Leased Investments has been the most popular investment among investors as they typically provide investors with a 10-20 year lease while the tenant pays all the operating expenses. These investments are the definition of passive investments as Landlord’s can rely on the lease in place to pay off any debt on the building. According to Entrepreneur. com, commercial property helps diversify risk as investors can rely on leases in place as opposed to how the market feels about a company at a given time. The stability of longer term leases helps you prepare for a pre-determined return over time. The stock market does not allow for this. According to the CCIM Institute, commercial real estate provides a more stable environment that is less volatile. Tired of riding the volatile ride of the stock market? Invest in commercial real estate. Coldwell Banker Commercial has the understanding and know-how to locate you a single or multi-tenant investment that produces a range of 7% - 12% per year with less stress than the stock market. Let us help explain the positive effect that commercial real estate can have on your portfolio. We are a local company with a national reach that knows the ins and outs of investing. Give us a call today to discuss
Coldwell Banker Commercial represented the Landlord in leasing 8,668 SF of retail space in Salem Village Annex.
Contact: Jef Conn, CCIM, MBA
4
Industrial/Office/Investment Specialist / 806.784.3216 direct E-mail at JConn@CBCWorldWide.com
Same Name. Bigger Site. www.CBCLubbock.com Coldwell Banker Commercial Rick Canup Realtors File
Edit
View
Favorites
Tools
_
X
Help
www.CBCLubbock.com 806.793.0888 Find Our OfямБce RICK CANUP REALTORS
PROPERTY SEARCH
Home Property Search Advantage Magazine Signup Contact Us
PREVIOUS TRANSACTIONS
MARKET INFORMATION
OFFICE
OFFICE
MARKET INTELLIGENCE
RETAIL
RETAIL
COMMERCIAL NEWS
LAND
LAND
WAREHOUSE / INDUSTRIAL
WAREHOUSE / INDUSTRIAL
MULTI-FAMILY
MULTI-FAMILY
NNN INVESTMENTS
NNN INVESTMENTS
OUR TEAM
Sign Up for our Advantage Magazine ABOUT US View Current Issue
OUR AGENTS CLIENT SERVICES
MANAGEMENT / LEASING
Faster. Easier. Bigger! 5
6006 - 82ND STREET
5813 E. 4TH STREET
Just Leased
Just Sold
Sonoma Plaza
Office / Warehouse
Represented the Landlord and the Tenant in leasing 2,521 SF of professional office space in Somona Plaza.
Represented the Seller and the Buyer in the disposition and acquisition of a 7,487 SF office / warehouse.
5721 FRANKFORD AVENUE
3501 - 50TH STREET
Just Sold
Just Leased
Used Car Facility
Mission Plaza Center
Represented the Seller and Buyer in the disposition and acquisition of a 3,400 SF used car facility.
Represented the Landlord and the Tenant in leasing 6,000 SF of reatil space in Mission Plaza Center.
Just Sold
3515 - 50TH STREET Coldwell Banker Commercial represented the Seller in the disposition of this NNN Investment property. The property is the Wild Burger Grill restaurant in Lubbock, TX.
Wild Burger Grill
6
2024 BROADWAY AVENUE
3223 S. LOOP 289 Just Leased
Just Sold
Pyramid Plaza Office Bldg.
Office Building
Represented the Landlord and the Tenant in leasing 3,525 SF of office space in Pyramid Plaza Office Bldg.
Represented the Seller in the disposition of a 2,354 SF office building near Texas Tech University.
17 BRIERCROFT
2032 - 82ND STREET Just Sold
Briercroft Office Park Represented the Seller in the disposition of a 2,801 SF office building in Briercroft Office Park.
4337 - 50TH STREET
Just Leased
South Pointe Business Park Represented the Landlord and the Tenant in leasing 2,260 SF of office space in South Pointe Business Park.
Just Sold
Coldwell Banker Commercial represented the Buyer in the acquisiton of this NNN Investment property. The property is a Taylor Petroleum convenience store in Lubbock, TX.
Taylor Convenience Store
7
6802 SLIDE ROAD
8802 URBANA AVENUE
Just Leased
Just Leased
South Plains Crossing
Office / Warehouse
Represented the Landlord and the Tenant in leasing 5,600 SF of retail space in South Plains Crossing.
Represented the Landlord in leasing a 3,000 SF office/ warehouse building in southwest Lubbock.
3323 S. LOOP 289
802 E. 34TH STREET
Just Leased
Just Sold
Pyramid Plaza
Warehouse
Represented the Landlord and the Tenant in leasing a 8,448 SF office space in Pyramid Plaza Office Building.
Represented the Seller and the Buyer in the disposition and acquisition of a 16,000 SF warehouse.
Just Sold
68TH STREET & IOLA AVE. Coldwell Banker Commercial represented the Seller and the Buyer in the disposition and acquisition of 6 acres of development land for Crown Pointe Health Care.
Crown Pointe Health
8
3207 - 50TH STREET
405 SLIDE ROAD
Just Leased
Just Leased
Storefront Retail Space
Northpark Village
Represented the Landlord and the Tenant in leasing 1,573 SF of retail space.
Represented the Landlord and the Tenant in leasing 1,310 SF of retail space in Northpark Village Center.
4621 S. LOOP 289
1915 TEXAS AVENUE
Just Leased
Just Sold
Salem Village Annex
Retail / Warehouse
Represented the Landlord in leasing 8,668 SF of retail space in Salem Village Annex.
Represented the Buyer in the acquisition of a retail/warehouse building just off Interstate 27 and 19th Street.
73RD STREET & MILWAUKEE Coldwell Banker Commercial represented the Seller and the Buyer in the disposition and acquisition of a 11.9 acre tract of development land.
Just Sold
Subject
This will be the site of the soon to be constructed Tuscany Park Apartments - a 278 unit multi-family project.
Site For Multi-Family Development
9
6221 - 82ND STREET
7819 SLIDE ROAD Just Sold
Just Sold
Development Land
Former Hollywood Video
Represented the Seller and the Buyer in the disposition and acquisition of 39,603 SF of land for a Battery Joes.
Represented the Buyer in the acquisition of a 7,519 SF retail building in southwest Lubbock.
6024 - 45TH STREET
2032 - 82ND STREET
Just Leased
Just Leased
Warehouse/Distrubution
South Pointe Business Park
Represented the Landlord in leasing a 26,417 SF warehouse/distribution building in Sante Fe Industrial Park.
Represented the Landlord and the Tenant in leasing 2,104 SF of ofďŹ ce space in South Pointe Business Park.
Just Leased
3249 - 50TH STREET Coldwell Banker Commercial represented the Landlord and the Tenant in leasing 23,000 SF of retail space for a new Planet Fitness facility located at the intersection of 50th Street and Indiana Avenue.
Retail Big Box
10
4412 - 74TH STREET
98TH STREET & FRANKFORD AVENUE Just Sold
Just Leased
Stripes Convenience Store
Coppertree Office Park
Represented the Buyer in the acquisition of a NNN Investment retail property in Lubbock, Texas.
Represented the Landlord and the Tenant in leasing 1,758 SF of office space in Coopertree Office Park.
3323 S. LOOP 289
82ND STREET AND MILWAUKEE AVE.
Just Leased
Subject
Just Sold
Pyramid Plaza Office Bldg.
MightyWash Car Wash
Represented the Landlord & Tenant in leasing 1,420 SF of office space in Pyramid Plaza Office Building.
Represented the Buyer in the acquisition of 58,876 sq. ft. of land for the construction of a MightyWash Car Wash.
NNN INVESTMENT
Just Sold
Coldwell Banker Commercial represented the Buyer in the acquisition of a Whataburger restaurant. This NNN Investment was located in Mansfield, TX
Whataburger - Mansfield, TX
11
12201 GENEVA AVENUE
405 SLIDE ROAD
Just Sold
Just Leased
Huntington Business Park
Northpark Village Center
Represented the Buyer in purchasing a 7,250 SF office/ warehouse facility on 2.18 acres.
Represented the Landlord in leasing 1,923 SF of retail space in Northpark Village Center.
4903 - 82ND STREET
3323 S. LOOP 289
Just Leased
Just Leased
Lakeridge Professional Bldg.
Pyramid Plaza
Represented the Landlord in leasing 3,153 SF of space in Lakeridge Professional Building.
Represented the Landlord and the Tenant in leasing 10,261 SF of space in Pyramid Plaza Office Building.
Just Sold
NNN INVESTMENT Coldwell Banker Commercial represented the Buyer in the acquisition of a Tony Roma’s restaurant. This NNN Investment was located in Bryan, TX
Tony Roma’s -- Bryan, TX
12
Our Primary Market Area
Lubbock Amarillo Abilene Midland Odessa San Angelo
The West Texas Multi-Family Team The West Texas Multi-Family team is the premier apartment brokerage team in West Texas. With more than 40 years of combined experience, we are qualified to serve your individual needs. The strength of the Team lies in our marketing capabilities, property analysis, and market expertise that is second to none. If you are considering buying or selling an apartment community, contact us.
Off-Market Transactions Many apartments sell or trade “Off-Market”. Contact us for additional apartments in Texas.
Taylor Tucker, CCIM
Rick Canup, CCIM
DIRECT: 806.784.3260 CELL: 806.470.3844 TTucker@CBCWorldwide.com
DIRECT: 806.784.3204 CELL: 806.438.8188 RCanup@CBCWorldwide.com
Featured Properties
Sagewood Apartments Location: Lubbock, TX Size: 355 Units Status: Sold Representation: Buyer
Peppertree Apartments Location: Lubbock, TX Size: 180 Units Status: Sold Representation: Buyer / Seller
Abilene Portfolio Location: Abilene, TX Size: 144 Units Status: Sold Representation: Buyer / Seller
Quail Hollow Apartments Location: Midland, TX Size: 128 Units Status: Sold Representation: Buyer / Seller
Snyder Portfolio Location: Snyder, TX Size: 101 Units Status: Sold Representation: Buyer
Las Quintas Location: Lubbock, TX Size: 75 Units Status: Sold Representation: Buyer / Seller
Meadowglen Townhomes Location: Lubbock, TX Size: 32 Units Status: Sold Representation: Buyer
Sportsman Location: Lubbock, TX Size: 24 Units Status: Sold Representation: Buyer / Seller
13
6223 - 82ND STREET
18,487 square feet (133’ x 139’) Just off 82nd Street behind a new Battery Joe’s $295,792 Sales Price ($16 per SF)
87th STREET & BROWNFIELD HWY.
43.95 total acres of development land Frontage along the Brownfield Hwy. (US 62/82) $1.50 per square foot - - $6.00 per square foot
4 PRIME DEVELOPMENT TRACTS - VINTAGE TOWNSHIP
Tract A - 9.08 acres / $4.75 per SF Tract B - 11.3 acres / $4.50 per SF
Tract C - 7.4 acres / $2.75 per SF Tract D - 0.7 acre pad / $6.00 per SF
Office Restaurant Retail Multi-Family Medical Office 14
31 ACRES - 34TH & MILWAUKEE AVE.
Four development tracts - could be subdivided Frontage on 34th Street and Milwaukee Avenue $3.50 per square foot - - $4.50 per square foot
5109 - 82ND STREET
4.08 Acres of Prime Development Land Retail - OfďŹ ce - Medical - Restaurant - Financial $15.00 per square foot
PRIME DEVELOPMENT ALONG THE NEW MILWAUKEE CORRIDOR
Various tracts: 1.72 acres to 19.5 acres Between Canyon West & Super Wal-Mart $2.50 PSF to $12.50 PSF New Elementary open with Middle School Under Construction
15
SLIDE ROAD & N. LOOP 289
Approx. 400’ of frontage along Slide Road Approx. 311’ of frontage along N. Loop 289 frontage 2.412 acres $16.00 PSF
11003 QUAKER AVENUE
Approx. 300’ of frontage along Quaker Avenue Sale / Lease / Build to Suit 1.52 acres $8.75 PSF
6424 - 4TH STREET
Corner tract fronting both 4th St. & Milwaukee Ave. Across from Applebbe’s & planned United Supermarket 7.126 acres $6.50 PSF
301 AVENUE Q
Frontage along Marsha Sharp Frwy. and Avenue Q Near new Wal-mart Supercenter & national hotels 2 acres (+/-) $17.50 PSF
16
4100 ERSKINE STREET
Less than one mile from Texas Tech University Within 1-mile of a 543 acre - 1,700 home development Two 15 acre tracts $16.00 PSF
6802 - 82ND STREET
Corner tract fronting both 82nd St. & Pontiac Ave. 2.405 acre $8.75 PSF
17
4411 - 19TH STREET
Site of a new United Market Street and other retail Near the intersection of 19th St. and Quaker Ave. 14,960 SF Pad Site Contact Broker on pricing
NWC 0F FM 179 & DONALD PRESTON
Prime corner location across from a planned CVS Adjacent to Frenship ISD High School 3 acres (+/-) $10.00 PSF
VINTAGE MARKET HALL
NNN INVESTMENT - OFFICE/FLEX
12002 Trafalger Avenue
6310 Genoa Ave. & 5901 - 63rd Street For Sale
For Sale
3-story office/retail building with store-front 1st floor 1,734 SF office (1st floor) / 1,484 SF office (2nd floor) French Creole architectural styled building $402,150 Sales Price (1,734 SF office unit) $311,830 Sales Price (1,484 SF office unit)
Two adjacent office/flex buildings - corner location 27,402 total gross leasable square feet Spaces feature overhead doors or double wide doors $1,570,000 Sales Price 8.76% CAP Rate (Broker’s Proforma)
OFFICE BUILDING - UNIVERSITY AREA
“CLASS A” OFFICE BUILDING
2114 Broadway Avenue
10905 Quaker Avenue ced
For Sale e
Pric
2-story office building near Texas Tech University 9 private offices - media room - coffee bar Current owner will vacate 3 offices or lease back $376,500 Sales Price
18
u Red
For Sale or Lease
8 private offices - conference room - media room Large reception with fireplace - 4 restrooms 5,521 SF building with good off-street parking $699,000 Sales Price $14.50 PSF (NNN) Lease Rate
JACK IN THE BOX - Lubbock, TX
JACK IN THE BOX - Midland, TX
For Sale
For Sale
7.0% CAP Rate Absolute NNN lease
20 year lease 2,588 square feet
JACK IN THE BOX - Midland, TX
7.0% CAP Rate Absolute NNN lease
JACK IN THE BOX - Odessa, TX
For Sale
7.0% CAP Rate Absolute NNN lease
20 year lease 3,200 square feet
STRIPES - Lubbock, TX
For Sale
7.0% CAP Rate Absolute NNN lease
Annual rent increases Absolute NNN lease
20 year lease 5,878 square feet
20 year lease 3,189 square feet
WHATABURGER - MansďŹ eld, TX
Sold
20 year lease 2,461 square feet
Sold
Annual rent increases Absolute NNN lease
20 year lease 3,259 square feet
19
RIVER CROSSING CENTER
NORTHPARK VILLAGE CENTER
6015 - 82nd Street
401 Slide Road
For Lease
Two spaces available - 9,537 SF and 7,083 SF Endcap space suitable for retail or office use Highly visible location with great traffic flow Prime 82nd Street frontage $14.00 PSF (NNN)
For Lease
1,068 SF, 1,334 SF, and 2,282 SF available Former restaurant space available (up to 3,616 SF) Storefront space at 4th Street and Slide Road Anchored by United Supermarket $14.00 PSF (NNN)
FREESTANDING RETAIL BUILDING
STOREFRONT RETAIL BUILDING
3007 - 50th Street
3207 - 34th Street For Sale
Prime 50th Street location 4,000 SF building with covered drive-through 20,400 SF of land Built in 2004 $359,000 Sales Price
For Sale
34th Street just east of Indiana Avenue 7,080 SF building with office space Open showroom area with storefront glass Large shop/warehouse area with overhead door $142,000 Sales Price
20
2314 COLGATE AVENUE
301 AVENUE O
For Sale
$95,000 Sales Price Main building with 2 walk-in coolers & 2 freezers Large processing area, office, & several work areas Warehouse is a 4 bay building with 4 overhead doors Currently a beef jerky processing facility
For Sale
$450,000 Sales Price 42,267 SF - 4 metal buildings with 10 cranes Office building with 8 offices & lg. drafting room 3 individual alarm systems 7.16 acres with fully fenced yard
4602 AVENUE A
2422 CLOVIS ROAD
For Sale or Lease
$649,500 Sales Price $5,000 per month Lease Price (NNN) Showroom area and 4 private offices 3 bay warehouse and a parts area
21
For Sale
$312,450 Sales Price 20,120 SF warehouse with 2 private offices One truck well with 2 dock-high overhead doors 2nd truck well with large dock & overhead door One grade-level overhead door
RETAIL SPACE Sunridge Center
RETAIL SPACE For Lease
98th St. & Indiana Ave.
9,216 SF
(New anchor storefront space - across Indiana from Kohl’s)
South Plains Crossing
6802 Slide Road
RETAIL SPACE
1,200 SF to 3,680 SF
(144,965 SF Power Center anchored by a Hobby Lobby)
$14.00 PSF (NNN)
Coldwell Banker Commercial represented the Purchaser in the acquisition of a NNN Investment property: a KFC in Pantego, TX
For Lease
$14.00 PSF (NNN)
RETAIL SPACE For Lease
4206 - 50th; Suite B
1,610 SF
(Two adjoining retail areas with a service counter & office)
For Lease
1303 82nd Street
$7.00 PSF (NNN)
RETAIL SPACE
1,612 to 3,461 SF
(Strip center with OH doors now available - build-out)
$8.00 PSF (NNN)
RETAIL BLDG. For Sale
South Plains Crossing
For Lease
Coldwell Banker Commercial represented the Seller in the disposition of a 24,178 SF warehouse in southwest Lubbock.
701 Broadway Ave.
11,500 SF
(A two-story building in the downtown business district)
6802 Slide Road
$300,000
RETAIL BLDG.
1,200 SF to 2,800 SF
(144,965 SF Power Center anchored by a Hobby Lobby)
$14.00 PSF (NNN)
RETAIL SPACE For Sale
Salem Village Annex
For Lease
Coldwell Banker Commercial represented the Landlord and Tenant in leasing a 1,629 SF office space in Lakeridge Professional Office Building. 103 W. Main Street, Earth, TX
2,800 SF
(Former Dairy Queen restaurant - equipment included)
$125,000
22
4621 S. Loop 289
3,900 SF
(Retail or Office space fronting S. Loop 289 - highly visible) $13.00 PSF (NNN)
RETAIL SPACE
RETAIL BLDG. For Sale or Lease
12006 Trafalger Ave., Ste 101
1,504 SF
(Retail storefront space - restaurant equipment included)
For Lease
6202 Milwaukee Ave.
29,212 SF
(State-of-the-Art facility - lg. service center - 2-bay oil change)
$384,950 Sales Price / $3,000 mo. (NNN)
RETAIL SPACE Indiana Gardens North
3416 - 34th Street
$14.79 PSF (NNN)
RETAIL SPACE For Lease
3,158 SF
(Highly visible - major intersection - storefront space)
South Plains Crossing
6802 Slide Road
$16.00 PSF (NNN)
RETAIL BLDG. For Sale
5129 - 69th Street
1,980 SF
(An operating oil change facility in southwest Lubbock)
For Sub-Lease
5120 - 34th Street
RETAIL BLDG.
10,908 SF
(High visibility - former CVS Pharmacy building)
$200,000
$10.00 PSF (NNN)
RETAIL SPACE For Sale
19th Street & Avenue A
1,200 SF to 3,680 SF
(144,965 SF Power Center anchored by a Hobby Lobby)
$5.50 PSF (NNN)
RETAIL BLDG.
For Lease
384 SF
(A fast food drive-in restaurant on 1.26 acres of land)
$235,000
Sunridge Center
98th St. & Indiana Ave.
For Lease
1,350 to 4,400 SF
(New anchor storefront space - across Indiana from Kohl’s)
$14.00 PSF (NNN)
23
RETAIL BLDG. For Sale
710 E. Broadway
676 SF
(A drive-in restaurant with covered parking & all equipment)
OFFICE/FLEX SPACE
5901 - 63rd Street
OFFICE/FLEX
27,402 SF
(2 office/flex buildings - overhead doors or double steel doors)
$85,000
Coldwell Banker Commercial represented the Purchaser in the acquisition of the 24 unit Elkhart Apartments in Lubbock.
For Sale
$1,570,000 / 8.76% CAP rate
OFFICE BLDG. For Lease
5925 - 50th Street
1,320 SF
For Sale
3610 - 34th Street
6,100 SF
(Metal building - 3 offices & attached 120 sq. ft. storage space)
(Interior gutted - ready for finish-out. Close to medical district.)
$950 month (Modified Gross)
$350,000
OFFICE SPACE
OFFICE BLDG. For Lease
Pyramid Plaza
Under Const.
For Sale
Coldwell Banker Commercial represented the Purchaser in the acquisition of a NNN Investment property: 158,546 SF Guyland Shopping Center in Dumas, TX.
3223 S. Loop 289
174 SF & 299 SF
11001 Quaker Avenue
4,398 SF
(Executive suites / multi-level waterfall / glass elevators)
(10 offices - reception w/fireplace - lg. conference - kitchen)
$24.00 PSF (Full Service)
$695,000
OFFICE SUITE For Sale
OFFICE/FLEX SPACE
For Lease
Coldwell Banker Commercial represented the Seller and Purchaser in the disposition and acquisition of a 9,400 SF office/ warehouse. 12006 Trafalger Ave., Ste 201
24
1,484 SF
5919 - 50th Street; Ste C
754 SF
(2nd floor space - 6 private offices - reception - full balcony)
(Large reception/office with warehouse and overhead door)
$311,830
$475 month (Modified Gross)
OFFICE BLDG.
OFFICE SPACE
Former Medical Clinic
2401 S. Hall, Littlefield
For Lease
6,385 SF
(Medical clinic with multiple exam rooms and offices)
For Sale
NNN Investment
2602 - 50th Street
5,000 SF
(2-tenant building with off-street parking - near University Ave.)
$14.10 PSF (NNN)
OFFICE SPACE Chicago Court
$582,200 (9% CAP Rate)
OFFICE BLDG.
2,073 SF
(6 private offices, conference room, data room & break room)
2732 - 82nd; Suite A
3513 - 50th Street
6,824 SF
(2-tenant building next to Market Street on Indiana & 50th)
$458,311 (9% CAP Rate)
OFFICE SPACE South Pointe
1,823 SF
4,000 and 4,245 SF
(7-year old freestanding office building with multiple suites)
$12.50 PSF (Mod. Gross)
For Sale
400 Wall St., Midland, TX
3223 S. Loop 289;
$1,250,000
OFFICE BLDG. For Lease
Pyramid Plaza
180,000 SF
(High-rise office building in the heart of downtown Midland)
$15 PSF (Modified Gross)
OFFICE SPACE For Sale
NNN Investment
6306 Iola
OFFICE BLDG.
(Five private offices, large conference room and reception)
$13.00 PSF (Modified Gross)
OFFICE SPACE
For Lease
For Lease
For Lease
5502 - 58th 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 BLDG. For Lease
2034 - 82nd St.
Two 1,052 SF units available (Highly vsisble 82nd Street location) $14.75 PSF (Full Service)
For Lease
1116 Broadway; Suite B
1,537 SF
(2 oversized private offices with large reception area)
$12.00 PSF (Modified Gross)
25
OFFICE BLDG.
OFFICE SPACE For Sale
4412 - 50th Street
2,400 SF
(Medical office - 6 exam rooms - spacious private office)
Former Medical Clinic
2401 S. Hall, Littlefield
6,385 SF
(Medical clinic with multiple exam rooms and offices)
$215,000
Coldwell Banker Commercial represented the Buyer in the acquisition of the 355 unit Sagewood Apartments in Lubbock.
OFFICE SPACE
$750,000
OFFICE SUITE For Sub-Lease
6012 - 82nd Street
1,223 SF
(Storefront space in an attractive building with high visibility)
OFFICE SPACE
For Sale
Vintage Market Hall
12004 Trafalger Ave., Ste 102
1,734SF
(Quality “Class A” office space - open design)
$16.00 PSF (NNN)
$402,150
OFFICE SPACE For Lease
Pyramid Plaza
For Sale
For Lease
Coldwell Banker Commercial represented the Landlord and Tenant in leasing 3,206 SF in Pyramid Plaza Office Bldg.
3223 S. Loop 289
4,181 SF
(Large atrium / multi-level waterfall / glass elevators)
7310 Slide Road
$16.00 PSF (Full Service)
OFFICE BLDG.
2,272 SF
( New office space that can be configured to tenant’s needs)
$16.50 PSF (NNN)
OFFICE SPACE For Lease
Under Const.
For Lease
Coldwell Banker Commercial represented the Landlord and Tenant in leasing 1,923 SF of office space in Northpark Village Shopping Center. 2407 - 20th Street
26
1,259 SF
11001 Quaker Avenue
4,398 SF
(3 private offices, large reception, and break area - walk to TTU)
(10 offices - reception w/fireplace - lg. conference - kitchen)
$12.00 PSF (Modified Gross)
$15.00 PSF (NNN)
OFFICE SPACE
OFFICE SPACE For Lease
5901 - 63rd Street
4,932 SF
(Multiple offices - large warehouse/shop area w/overhead door)
$10.00 PSF (Modified Gross)
OFFICE SPACE
For Lease
7802 Indiana Avenue
1,998 SF
$350,000
For Sale
2909 Interstate 27
800 SF $9.75 PSF (Modified Gross)
OFFICE SPACE
5919 - 50th Street, Ste B
705 SF
(Large reception - 1 office - warehouse space w/overhead door)
$80,000
$475 month (Modified Gross)
For Sale
6310 Genoa Ave. / 5901 - 63rd
27,402 SF
(2 office/flex buildings - overhead doors or double steel doors)
$1,570,000 / 8.76% CAP Rate
OFFICE/FLEX SPACE
5925 - 50th Street
For Lease
1,320 SF
(Metal building - 3 offices & attached 120 sq. ft. storage space)
$950 month (Modified Gross)
OFFICE SPACE For Lease
3223 S. Loop 289; Ste 240
1,920 SF
For Lease
(3 private offices - coffee bar - lg. warehouse w/overhead door)
For Lease
Pyramid Plaza
OFFICE/FLEX SPACE
OFFICE/FLEX
(Two private offices with reception - coffee bar area)
6,100 SF
$13.50 PSF (Modified Gross)
$16.00 PSF (Full Service)
OFFICE SPACE
3610 - 34th Street
(Interior gutted - ready for finish-out. Close to medical district.)
OFFICE/FLEX
(Quality space with multiple offices - large conference room)
5313 - 50th Street
2,973 SF
For Sale
(Great location - high traffic fronting Indiana Avenue)
For Lease
4747 S. Loop 289
OFFICE BLDG.
4,181 SF
(Large atrium / multi-level waterfall / glass elevators)
$16.00 PSF (Full Service)
For Lease
8302 Indiana Ave.
1,695 SF
(5 private offices with break room - excellent location)
$11.50 PSF (Modified Gross)
27
OFFICE BLDG.
OFFICE/FLEX For Lease
3610 - 34th Street
Coldwell Banker Commercial represented the Landlord in leasing 3,416 SF of office space in southcentral Lubbock.
756 SF to 6,100 SF
For Lease
5919 - 50th Street, Ste B
705 SF
(Interior gutted - ready for finish-out. Close to medical district.)
(Large reception - 1 office - warehouse space w/overhead door)
$10 PSF (NNN)
$475 month (Modified Gross)
WAREHOUSE
OFFICE/WRHSE. For Sale
4008 Avenue A
4,200 SF
(High-bay warehouse / drive-thru overhead doors - fenced lot)
For Lease
1201 N. Gary Avenue
$295,000
WAREHOUSE
57,880 SF
(3 buildings - newly remodeled offices - 11 cranes - fenced)
$1.55 PSF (NNN)
OFFICE/WRHSE. For Sale
For Sale
Coldwell Banker Commercial represented the Seller in the disposition of a 30,000 SF office building in north Lubbock.
1525 E. 34th Street
15,228 SF
(Metal building - 2 dock high doors / 2 ramp access doors)
3215 E. Slaton Hwy.
$300,000
OFFICE/WRHSE.
5,000 SF
(Nice metal building - office space - double overhead doors)
$295,000
WAREHOUSE For Sale
For Sale
Coldwell Banker Commercial represented the Landlord in leasing 3,185 SF of retail space in MIssion Plaza Center. 714 - 34th Street
30,275 SF
(3 warehouse buildings - 8 offices - fenced - renovating now)
$350,000
28
4229 Idalou Highway
9,752SF
(Currently a church - small kitchen - 2 apartment units)
$125,000
OFFICE/WRHSE.
OFFICE/WRHSE. For Lease
3501 Globe Ave.
1,810 SF
(2 private offices & reception - warehouse has overhead door)
WAREHOUSE For Sale
1201 N. Gary Avenue
57,880 SF
(3 buildings - newly remodeled offices - 11 cranes - fenced)
$1,000 month PSF (NNN)
WAREHOUSE
$850,000
WAREHOUSE For Lease
4229 Idalou Highway
9,752SF
(Currently a church - small kitchen - 2 apartment units)
8,000 SF
(Warehouse with showroom area and dock-high doors)
14,400 SF $2.40 PSF (Modified Gross)
WAREHOUSE
906 Avenue U
3,000 SF
(Metal bldg. with 2 grade-level doors - 1 crane - fenced yard)
$200,000
OFFICE/WRHSE. For Lease
1525 E. 34th Street
8,228 SF
(Metal building - 2 dock high doors / 2 ramp access doors)
$2,000 month (Modified Gross)
For Lease
714 - 34th Street
30,275 SF
(3 warehouse buildings - 8 offices - fenced - renovating now)
$2.50 PSF (NNN)
WAREHOUSE For Lease
8110 N. Frankford Ave.
For Sale
$3,200 per month (NNN)
WAREHOUSE
(Lg. metal warehouse - fenced yard - lg. overhead doors)
27,025 SF
(Showroom - 4 offices - parts area - 3 warehouse areas) $2.44 PSF (NNN)
WAREHOUSE
1111 E. Slaton Hwy.
For Lease
222 N. Avenue U
4602 Avenue A
For Lease
$1,450 month (NNN)
WAREHOUSE
For Lease
8,204 SF
(Warehouse with truck well in front and 2 overhead doors)
$1,500 month (Modified Gross)
For Sale
2010 Clovis Hwy.
17,191 SF
(Six individual units - 100% leased)
$340,000
29
1
N. Loop 289 & Memphis
6.05 Acres $7.44 per SF
24
SWC of 34th & Milwaukee 31 Acres $ 3.50 - $5.50 per SF
48
6424 - 4th Street
7.126 Acres $6.50 per SF
2
4100 Erskine Street
30 Acres Call Broker
25
11806 Slide Road
1.44 Acres $5.00 per SF
49
6210 - 82nd Street
1.4 Acres $16.00 per SF
3
NWC 82nd & FM 179
3 Acres $10 per SF
26
6301 - 82nd Street
4.00 Acres $9.00 per SF
50
301 Avenue Q
2.00 Acres $17.50 per SF
4
Frankford & Erskine St.
3.26 Acres $6.00 per SF
27
5109 - 82nd Street
4.08 Acres $15.00 per SF
51
12403 Upton
5
N. Loop 289 & Slide Road
2.41 Acres $16.00 per SF
28
106th & Quaker Ave.
2.04 Acres $9.00 per SF
52
5309 - 50th Street
2.17 Acres $10.75 per SF
6
2nd Street & Slide Road
0.937 Acres $16.00 per SF
29
123rd & Slide Road
3.67 Acres $7.00 per SF
53
6005 - 47th Street
1.3 Acres $8.00 per SF
7
409 Main, Wolfforth
22,750 SF $3.52 per SF
30
Brownfield Hwy & 87th 43.995 Acres $1.50 - $6.00 per SF
54
6007 - 47th Street
38,000 SF $8.00 per SF
8
2401 W. Loop 289
2.836 Acres $5.00 per SF
31
NEC of Quaker & FM1585
9
3458 W. Loop 289
37,480 SF $6.00 per SF
32
NEC of Quaker & 146th St. 197 Acres $12,500 per Acre
10
SWC of 66th & Iola Ave.
19.5 Acres $2.50 per SF
33
2202 FM 1585
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
11
SEC 66th & Milwaukee Ave. 16.82 Acres $6.00 per SF
34
98th Street & Indiana Ave.
1.9 Acres $12.00 per SF
12
4103 N. Frankford
12 Acres $210,000
35
11003 Quaker Ave.
1.52 Acres $8.75 per Acre
13
6600 - 66th Street
6.11 Acres $6.00 per SF
36
SEC of 34th Street & MLK
14
6700 - 66th Street
3.93 Acres $6.00 per SF
37
2539 - 74th Street
17,424 SF $5.25 per SF
15
7221 Brownfield Hwy.
2.74 Acres $10.00 per SF
38
3402 E. 4th Street
141 Acres $375,000
16
6900 Milwaukee Ave.
3.63 Acres $10.00 per SF
39
99th Street & Slide Road
17
7100 & Milwaukee Ave.
4.86 Acres $10.00 per SF
40
4412 - 6th Street
18
7700 Milwaukee Ave.
5.47 Acres $12.50 per SF
41
7907 FM 179
21,000 SF $12.00 per SF
19
7800 Milwaukee Ave.
6.97 Acres $12.50 per SF
42
SEC of 114th & Slide Rd.
9.08 Acres $4.50 per acre
20
6223 - 82nd Street
18,487 SF $16 per SF
43
207 U.S. Hwy 62/82
3.19 Acres $2.34 per SF
21
7400 Milwaukee Ave.
1.72 Acres $12.50 per SF
44
4925 Marsha Sharp Frwy.
2.35 Acres $5.00 per SF
22
NWC of 122nd & Quaker
7.4 Acres $2.75 per SF
45
SWC Quaker & 114th
11.3 Acres $4.50 per SF
23
6802 - 82nd Street
0.86 Acres $12.00 per SF
46
SWC 98th Street & Alcove
47
NEC Milwaukee & Ursuline 160 Acres $4,950 per acre
7.02 Acres $5.00 per SF
120 Acres $5,808 per Acre
5.77 Acres $135,000
2.6 Acres $10.00 per SF 41,382 SF $11.00 per SF
123 Acres $11,000 per acre
30 Acres $15,000 per Acre
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 IV 7,000 SF $2.00 per SF Tract V 16.0 Acres $2.25 per SF A Few Examples of Previously Sold Land
72nd Street & Kewanee 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. 73rd & Slide Road 68th Street & Iola Ave.
11.9 Acres 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 24,200 SF 5 Acres
Midland, TX Development Land
31
CHANGE SERVICE REQUESTED
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 $148,000,000 and has leased over 1,900,000 sq. ft. of office and retail space. Currently responsible for the management or leasing of over 500,000 sq. ft. of commercial properties.
Jef Conn, CCIM, MBA
Taylor Tucker, CCIM
806.784.3216
Certified Commercial Investment Member (CCIM). Specializing in Industrial and Office Brokerage and Leasing as well as Investments. Maintains a database of over 950 Industrial properties representing over 45,000,000 sq. ft. of space and approximately 2,000 owners and investors. Member of the Coldwell Banker Commercial Industrial Group. Graduate of Texas Tech Rawls College of Business.
Beau Tucker, CCIM
806.784.3298
Certified Commercial Investment Member (CCIM). “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) and currently pursuing the coveted Land Consultant (ALC) designation. Maintains a database of over 1,750 investors. Responsible for over $80,000,000 of land inventory.
806.784.3260
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.
“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.