JUST SOLD - THE CENTRE ’ AND THE SUITES Adjacent to Texas Tech University, Lubbock, TX
SOLD
SOLD
The Centre’ at Overton Park
The Suites at Overton Park
Taylor Tucker, CCIM, and the Coldwell Banker Commercial Multi-Family Team in Lubbock, TX, represented a large student housing REIT in the acquisition of:
The Suites at Overton Park The Centre’ at Overton Park
298 Units = 278 Units
=
= =
465 Beds 401 Beds
with an additional 20,276 square feet of ground level retail Taylor Tucker, CCIM
Rick Canup, CCIM
Multi-Family Specialist Texas Director Southern Central Region CBC Multi-Family Group 806.784.3260 direct TTucker@CBCWorldwide.com
Owner / Broker Regional Director Southern Central Region CBC Multi-Family Group 806.784.3204 direct RCanup@CBCWorldwide.com
MULTI-FAMILY GROUP
Oil Brings Boom To Permian Basin’s The Palms at Briarwood - Midland, TX
nt
lopme e v e D y l i m a F i t l Mu
ECONOMY Midland and Odessa are the two fastest growing economies in the state of Texas, with Odessa recognized as the fastest growing economy in the nation according to Bloomberg. Forbes magazine recently ranked 398 metro areas on annual job growth, Midland and Odessa ranked first and second. Unemployment percentages for Midland and Odessa are 3.3 and 3.9, respectively. The Midland-Odessa Regional Economic Index posted a 13.9 percent gain in third quarter 2012 compared to 3Q 2011.
What is driving these amazing statistics? This boom as many know is dependent on oil, and in West Texas there is more than anyone realized. The new “fracking” technology that drilling companies have implemented has opened new doors for additional oil production. Early estimates predict that the new technology will double annual oil production in the Permian Basin. OCCUPANCY This surge in the economy has led to a massive housing shortage in Midland and Odessa. Coldwell Banker Commercial in Lubbock recently completed an occupancy survey for several multi-family developers and the results were astonishing. Both Midland and Odessa boasted occupancy percentages of 100%.
Tuscany at Faudree - Odessa, TX
Properties built since 2000 are averaging $1.44 rent per square foot in Odessa and $1.62 rent per square foot in Midland. Due to the lack of vacancy it is estimated that Mission Green - Odessa, TX up to 8,000 residents have been forced to live in hotels at a nightly rate of up to $300 per night. The increased demand for housing in the Permian Basin is unlike anything we have ever seen.
Andalucia Villas - Odessa, TX
NEW CONSTRUCTION AND PERMITS Developers have acted and supply is on the rise. Midland has had four conventional apartments totaling 870 units built since 2000 and three properties totaling 506 units were permitted this year. Odessa has had 3 properties built since 2000 totaling 654 units. One difference between the cities is that Odessa currently has three properties under construction and others in planning. There are approximately 1,618 units under construction or in planning currently in Odessa. Waterford Ranch - Midland, TX
For additional information about Multi-Family properties in West Texas and the Permian Basin ... Contact: Taylor Tucker, CCIM Multi-Family Specialist 806.784.3260 direct E-mail at TTucker@CBCWorldWide.com
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Taxes Driving You Over ‘the Fiscal Cliff”?
RECENT TRANSACTIONS
“Fiscal cliff crisis”, “Major Fiscal Issues Before Congress”, “Taxes for the wealthy must rise…”, and “Looming Tax Hike Motivates Owners to Sell” You’re probably familiar with these headlines. In fact you may be sick of them.
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So is the “fiscal cliff” real? Will the capital gains tax rate increase? Will my taxes go up? These are the kinds of questions high net worth investors are asking themselves. At this point no one knows the answers to these questions with any certainty.
Coldwell Banker Commercial represented the Seller and Buyer in the disposition and acquisition of the 95,139 SF San Angelo Marketplace in San Angelo, Texas.
However, even in the midst of all the talk of the “fiscal cliff” and “tax hikes” that may be associated with it, there still may be a way you can reduce your taxes if you are a commercial building owner. If your building was built after 1986, under certain conditions the IRS allows for what is called COST SEGREGATION. In simple terms, the IRS allows for certain types of building components (fixtures, materials, equipment etc.,) to be depreciated on an accelerated basis. Therefore the total amount of depreciation that can be taken in a given year increases, in turn making it possible to reduce the total amount of taxes due. Some items can be depreciated in as little as 5 years. For example a restaurant may be able to include awnings, concrete footings for signs, equipment used for a drive-thru, or refrigeration equipment for beverage coolers on an accelerated schedule. Each item may produce only a small savings but when all the building components are reviewed in detail, often times the cumulative result is a significant annual tax savings.
D SE LEA
Coldwell Banker Commercial Represented the Landlord in leasing 11,682 SF of retail space in South Plains Crossing Shopping Center.
In order to start the process a COST SEGREGATION study needs to be performed. There are a number of companies who provide this service. Typically, the companies will have a staff of professional engineers who are trained to identify and create detailed documentation for the items that would qualify. This is done by reviewing detailed asbuilt construction documents in conjunction with a detailed inspection of the building. A comprehensive report is then prepared that will outline each item inspected, the depreciation category it falls under, and the tax savings. The report also serves as documentation for the IRS. With some basic information about the building and the tax payer, a COST SEGREGATION company can give you a good idea of the tax savings and whether or not the savings will outweigh the cost of the study. Many building owners have taken advantage of COST SEGREGATION.
D SE LEA
It’s an accepted method by the IRS as long as there is proper detailed documentation. In fact the IRS produces a COST SEGREGATION Audit Techniques Guide that outlines the specifics. (See online http://www.irs.gov/Businesses/Cost-Segregation-AuditTechniques-Guide) Please consult with your tax professional for further information about COST SEGREGATION.
Coldwell Banker Commercial Represented the Landord and Tenant in leasing 1,800 square feet of office space in Lakeridge Professional Office Building.
The information in this article is not to be considered tax or legal advice. Not all buildings will qualify.
Contact: Barry Forrest
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Net Leased Investment Group / 972.956.8171 direct E-mail at Barry.Forrest@CBCWorldWide.com
Lubbock Industrial Recap 2011 . . . . 2012
RECENT TRANSACTIONS
Lubbock’s Industrial market for 2012 continued on recording a record setting pace according to Jef Conn, Industrial & Office specialist with Coldwell Banker Commercial.
D SE LEA
According to the CoStar Industrial report, Lubbock’s Industrial vacancy stands at an extremely low 4.1% compared to a national average of 9.1%. “Lubbock has continued to see strong demand, especially in properties over 15,000 sq feet and those with 5+ acre stack lots” says Conn. Coldwell Banker Commercial Represented the Landlord in leasing 2,101 square feet of retail space in Northpark Village Shopping Center.
D SE LEA
Coldwell Banker Commercial Represented the Landlord in leasing 1,663 square feet of retail space in Indiana Gardens North Shopping Center
The larger stack lots are needed by the oil & gas related companies to store tanks, piping and general product related to drilling operations. Most properties with 5+ acre stack lots have been bought or leased in the last 18 months, so there is a lot of pent-up demand. Higher precipitation levels in 2012 did yield higher cotton production for some ginners. When the cotton crop is good, or better than previous years, the Industrial real estate market of Lubbock historically has done well.
D SE LEA
2013 Forecast: Lubbock is still seeing an increase in the number of drilling companies and their related companies. “This is driving the demand for Industrial space to increase” says Conn. “Lubbock is already seeing the demand for larger properties over 15,000 square feet being higher than the supply. As such, new development is likely to occur to accommodate new companies coming into town. There will likely continue to be a need for smaller spaces in the 5,000-7,500 square feet range in addition to the larger spaces with sizeable stack lots.
Coldwell Banker Commercial Represented the Landlord in leasing 2,933 square feet of retail space in Lakeridge Plaza Shopping Center.
To discuss your Industrial leasing, brokerage needs and to discuss how to best position your property to attract tenants & buyers, contact: Jef Conn, CCIM, MBA
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Investment / Office Specialist / 806.784.3216 direct E-mail at JConn@CBCWorldWide.com
Case Study: Three Story Office Property
RECENT TRANSACTIONS
Coldwell Banker Commercial (CBC) represented the Owner in the sale of 904 Ave O in Lubbock, TX, a three story office property in downtown Lubbock. D SE LEA
Situation: The Owner decided to relocate their administration offices to another location in order to save on operating costs. The Owner desired to dispose of the office property and preferred to try and close before the fiscal year end. Coldwell Banker Commercial exclusively represented the seller in the local and national marketing of the property. The Property: 904 Ave O is a 30,165 SF three story office building located in downtown Lubbock and has 130 off street parking spaces.
Coldwell Banker Commercial Represented the Tenant in leasing a 26,000 square foot warehouse to A-1 Building Supply.
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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 buyer who desired to open an operations center for their regional bank.
Coldwell Banker Commercial Represented the Seller in the disposition of a 14,320 square foot retail building in southwest Lubbock.
Results: 1) Coldwell Banker Commercial worked with the seller and the buyer to walk the transaction through from the initial offer to closing. 2) 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. 3) The seller was able to quickly sell the property at a fair price to both buyer and seller. 4) The buyer was able to get an outstanding building at an ideal location to base their operations out of.
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Coldwell Banker Commercial Represented the Seller in the disposition of a 70 acre tract of development land at S. Loop 289 and Interstate 27.
Looking for an office solution to meet your needs or to acquire or dispose of office property? The Office Team at Coldwell Banker Commercial has the skill and the experience to help you reach your real estate goals. Contact: Nick Eyhorn
6
Investment / Office Specialist / 806.784.3215 direct E-mail at NEyhorn@CBCWorldWide.com
NET LEASED INVESTMENT GROUP Austin, TX Office: (512) 382-5564 Lubbock, TX Office: (806) 793-0888 Find us at: CBCNetLeasedGroup.com
Net Leased Investment Group RICK CANUP, REALTORS, INC.
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COLDWELL BANKER COMMERCIAL Pyramid Plaza Office Building
Property Management and Leasing Services Coldwell Banker Commercial Rick Canup, Realtors, Inc. provides comprehensive property management and leasing services with over 300,000 SF currently under management. Our team works closely with the property owner and tenants to provide cost efficient operation and tenant retention.
7310 Slide Road Office Building
Coldwell Banker Commercial Rick Canup, Realtors, Inc. maintains an open line of communication with clients, personally apprising them of all facets of the operation.
Lakeridge Professional Office Building Contact: Scott Womack Property Management Specialist 806.784.3265 direct SWomack@CBCWorldwide.com
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PROPERTY MANAGEMENT Personalized Investor-Management Relationship
Lakeridge Plaza Shopping Center
is accomplished through comprehensive reporting techniques specifically designed to investor-owner needs. All reports are individually stylized according to need, and are submitted monthly. These include: Narrative Summary = Cash Flow Statement = Balance Sheet = Operating Statement = General Ledger = Receivable Report = Check Register = Rent Roll = Bank Statement = Bank Reconciliation = Budget Comparison =
Sonoma Plaza Center
Cornerstone Plaza Center Other Properties Under Professional Management: = The Offices at Woodbury = South Pointe Executive Offices = 3207 - 3211 50th Street =1303 - 82nd Street = 4747 S. Loop 289 = Salem Village Annex
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1112 NE Loop 289
3223 S. Loop 289 Just Sold
Just Leased
Warehouse / Office
Pyramid Plaza
Represented the Seller and Buyer in the disposition and acquisition of a 8,426 square foot warehouse/office.
Represented the Landlord in leasing 9,010 square feet of office space in Pyramid Plaza Office Building.
5103 - 82nd street
714 - 34th street
Just Leased
Just Leased
Lakeridge Plaza Shopping Center
Warehouse / Office
Represented the Landlord in leasing 2,933 square feet of retail space in Lakeridge Plaza Shopping Center.
Represented the Landlord and Tenant in leasing 30,275 square feet of warehouse/office space.
Just Sold
SE Corner of 114th street & slide rd. Coldwell Banker Commercial represented the Seller in the disposition of 11.3 acres of prime development land in southwest Lubbock.
Development Land
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DOLLAR GENERAL - WEATHERFORD, TX
3601 Globe avenue Just Leased
Representative Building
Just Sold
Warehouse / Office
Retail Building
Represented the Tenant, A-1 Building Supply, in leasing 26,000 square feet of warehouse/office space.
Represented the Seller in the disposition of a 9,100 square foot Dollar General store in Weatherford, Texas.
71st Street & Kewanee avenue
5125 - 69th street
Just Leased
Just Sold
The Offices at Woodbury
Automotive Service
Represented the Landlord and Tenant in leasing 2,500 square feet of professional office space at The Offices at Woodbury.
Represented the Seller and Buyer in the disposition and acquisition of a 1,980 square foot oil change facility.
San Angelo Marketplace center San Angelo, Texas
Just Sold
Coldwell Banker Commercial Rick Canup, Realtors represented both the Seller and the Buyer in the disposition and acquisition of the 95,139 square foot San Angelo Marketplace Center in San Angelo, Texas featuring a Best Buy and Academy Sports.
Best Buy and Academy Sports
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6121 - 79th street
6802 slide road Just Sold
Just Leased
Garden Office Land
South Plains Crossing
Represented the Seller in the disposition of a 24,414 square foot garden office tract of land.
Represented both the Landlord and the Tenant in leasing 11,682 square feet of retail space in the South Plains Crossing Shopping Center.
9010 FM 1585
4903 - 82nd street Just Leased
Just Leased
Warehouse / Office
Lakeridge Professional Office
Represented the Tenant, Sta-Rite Industries, in leasing a 15,000 square feet warehouse/office building.
Represented the Landlord and Tenant in leasing 1,800 square feet in Lakeridge Professional Office Building.
Just Sold
50th Street and Slide Road Coldwell Banker Commercial represented the Seller and Buyer in the acquisition and disposition of the 80,000 +/- square foot Pyramid Pointe Shopping Center
Pyramid Pointe Shopping Center
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NEC of Quaker Ave. & FM 1585
3422 - 34th street
Just Sold
Just Leased
Development Land
Indiana Gardens
Represented the Seller in the disposition of 2 acres of land to Affordable Storage.
Represented the Landlord in leasing 1,663 square feet of storefront retail space in Indiana Gardens Shopping Center.
dairy queen - frisco, tx.
405 Slide road
Representative Building
Just Sold
Just Leased
Build-To-Suit
Northpark Village Center
Represented the Buyer in a Build-to-Suit purchase of a 3,648 square foot Dairy Queen in Frisco, Texas.
Represented both the Landlord and the Tenant in leasing 2,101 square feet of storefront retail space in Northpark Village Shopping Center.
66TH STREET AND MILWAUKEE AVENUE
Just Sold
Represented the Seller and the Buyer in the disposition and acquisition of 7.16 acres of development land along the rapidly developing Milwaukee Corridor.
Development Land
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2732A - 82nd street
7110 ironton avenue
Just Leased
Just Leased
Office Space
The Offices at Woodbury
Represented the Landlord in leasing 2,159 square feet of office space near 82nd Street & University Avenue.
Represented the Landlord and Tenant in leasing three office suites totaling 3,125 square feet at The Offices at Woodbury.
714 E. 34th street
3223 S. Loop 289
Just Leased
Just Leased
Pyramid Plaza
Warehouse Represented both the Landlord and Tenant in leasing 41,000 square feet of industrial space on East 34th Street.
Represented both the Landlord and Tenant in leasing 3,084 square feet of office space in Pyramid Plaza Office Building.
Just Sold
5181 - 69th street (69th & slide rd.) Coldwell Banker Commercial represented the Seller in the disposition of a 14,320 square foot retail building in southwest Lubbock.
Vision Audio
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1120 - 14TH STREET
7805 CR 7050 Just Leased
Southwest Lubbock Business Park
Just Sold
2-Story Office Building
Represented the Landlord and the Tenant in leasing 5,000 square feet of warehouse space in Southwest Lubbock Business Park.
Represented the Seller in the disposition of a 11,954 square foot 2-story office building in the downtown business district.
2032 - 82nd street
6914 - 82nd street
Just Leased
South Pointe Business Park Represented the Landlord and Tenant in leasing two professional office suites totaling 874 square feet in South Pointe Business Park.
Interstate 27 and south loop 289
Just Leased
Office Space Represented the Landlord in leasing 1,337 square feet of office space to Edward Jones.
Just Sold
Represented the Seller and the Buyer in the disposition and acquisition of 70 acres of development land at the northeast corner of Interstate 27 and South Loop 289.
Development Land
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ASHLEY FURNITURE College Station, TX
FRANKFORD SQUARE SHOPPING CENTER Lubbock, TX
ate PR A C 5% 8.2
ate PR A C 3% 8.4
$6,050,000 - 8.25% CAP Rate = Ashley Furniture is #1 furniture brand in N. America = Absolute NNN Lease - Zero Landlord responsibilities
$4,440,000 - 8.43% CAP Rate on actuals = 2007 Construction - 41,190 square feet = 81% Leased - staggered NNN leases
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PANDA EXPRESS - GROUND LEASE
BEALLS
Lubbock, TX
% 5.0
Snyder, TX ate PR A C 7% 11.0
ate PR CA
$1,580,000 - 5.0% CAP Rate = 20 Year Lease - Corporate Guaranty = Perfect 1031 Exchange property =
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$550,000 - 11.07% CAP Rate = NN Lease with minimal Landlord responsibilities = Bealls has occupied building for 28 years =
FAMILY DOLLAR David City, NE
45TH & WESTERN SHOPPING CENTER Amarillo, TX
ate PR A C 5% 8.2
ate PR A %C 7.73
$648,500 - 8.25% CAP Rate Investment grade Tenant - strong store sales = Proven location - 75 Miles From Omaha
$5,000,000 - 7.73% CAP Rate Hard Corner - 4th busiest location in Amarillo, TX = 97% Leased - staggered lease expirations
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RSC EQUIPMENT - UNITED RENTALS
VISION AUDIO
Sand Springs, OK
ate PR A C 5% 8.3
$2,420,000 - 8.35% CAP Rate = Corporate guarantee from United Rentals = Largest equipment rental company in the world =
Midland, TX
ate PR A C 4% 8.8
$950,000 - 8.84% CAP Rate = 10 Year Lease starting February 2012 = Located on Loop 250 - major retail corridor =
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87TH STREET & BROWNFIELD HWY.
43.995 Acres - western edge of Lubbock city limits Frontage along Brownfield Hwy. (US 62/82) = $54,450 per acre
6109 - 82ND STREET
Located in StoneCrest Professional Office Park Could build approximate 6,000 SF building = 26,501 SF (+/-) = $15.09 PSF
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NWC OF N. LOOP 289 & SLIDE ROAD - SHOPPING CENTER DEVELOPMENT
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37,462 Square Foot Pad 3 (For Sale: $14.00 PSF) 37,462 Square Foot Pad 1 and Corner 1.52 Acre Pad 2 (Ground Lease: Call Beau Tucker)
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6210 - 79TH STREET
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 = Call Broker for pricing
3.49 Acres along the rapidly developing Milwaukee Corridor Owner will consider subdividing = $6.00 per SF = GO (Garden Office) zoning
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5109 - 82ND STREET
it u S -to e d l i u B ibl s s o P
= =
= Adjacent To Lakeridge Plaza Center 4.08 Acres - $15.00 PSF Boulevard Entrance Off 50th St. = Great View Of Lakeridge Country Club
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Medical / Office / Retail / Financial Mixed use: Office / Retail / Restaurant
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NWC OF QUAKER & 122ND STREET
= =
8.1 acres with Quaker Ave. and 122nd St. frontage $1,146,717 ($3.25 per square foot)
N. FRANKFORD AVE. & ERSKINE ST.
= =
NEC OF MILWAUKEE & URSULINE
159.96 acres with frontage along Milwaukee Avenue $4,950 per acre - potential residential development with commercial corner
6.88 Acre corner ($3.50 PSF) = 4.31 Acre tract ($2.75 PSF) 2.96 Acre tract ($2.75 PSF) = 2.85 Acre tract ($2.75 PSF)
8801 MILWAUKEE AVE.
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Office Lots For Sale or Build-to-Suit = Zoned Garden Office $7.25 per SF = Lots are 25,000 SF or larger
1401 UNIVERSITY AVENUE - Build-to-Suit Adjacent to Texas Tech
it u S o -t d l i u B
= =
31,875 SF of Redevelopment / Build-to-Suit land Across University Ave. from Texas Tech University
= =
A few blocks from the Overton Redevelopment project High density student housing area - many new retail businesses
PRIME DEVELOPMENT ALONG THE NEW MILWAUKEE CORRIDOR N
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Various Tracts: 1.72 to 19.5 Acres $2.50 PSF to $12.50 PSF
E
= Between Canyon West & Super Wal-Mart = New Elementary And Middle School
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Rapidly developing residential Multiple retail developments
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OFFICES AT WOODBURY
Now Leasing
71st Street and Kewanee Ave.
A Full Building represents 2,471 sq. ft. consisting of 7 offices, a conference room, reception area, file room IT/data room, coffee bar and private patio.
Office
3-5 year term Office = $15.75 per SF = Includes utilities Office
Now Leasing
Break
Office
RR
=
Recept.
Office
Office
RR
Lobby
Conf.
Office
A Quarter Building represents 625 sq. ft. consisting of 2 offices, a reception area, coffee bar and restroom.
Office
Office Office
3 year term $17.75 per SF = Includes utilities =
Office
=
Lobby
Lobby
Lobby Office
Lobby Office Office
A Half Building represents 1,250 sq. ft. consisting of 4 offices, a reception area, file closet, coffee bar. The OFFICES AT WOODBURY will feature a center courtyard with upscale landscaping, trellises to courtyard gardens, and a Pavillion.
Office
1
6
2
7
3
8
4
9 5
Office
3-5 year term = $16.75 per SF = Includes utilities =
Office
Office
Lobby
Office
Lobby Break Break
Office
Office
Office
10
Office
The Pavilion serves as a state-of-the-art conference room with a wall mounted monitor, a conference room table, wi-fi wireless, and restroom. The conference room is available on a reservation basis as a part of the tenant’s amenity package.
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NEW OFFICE BUILDING
NEW OFFICE BUILDING
6121 - 79th Street
11007 Quaker Avenue
ion uct r t ns Co w Ne
ion uct r t ns Co w Ne
For Sale/Lease
11 private offices - waiting area with fireplace Large conference - custom kitchen/break room = 4,681 SF - $724,000 Sale / $15.50 PSF Lease
6,500 SF Building - Can be configured for Tenant $14 PSF Non-Medical use / $17 PSF Medical use = Generous improvement allowance
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COPPERTREE OFFICE PARK
OFFICE SUITES
4412 - 74th Street
le
ab
s
ite
u 2S
ail Av
3824 - 50th Street s
ite
u 2S
ail Av
For Lease
927 SF suite: 3 offices, large reception - $975 mo. 768 SF suite: 3 offices, large open area - $768 mo. = Fronts 50th Street - Off-street parking
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OFFICE CONDO
OFFICE BUILDING
6401 Indiana Avenue
619 Broadway Avenue For Lease
For Sale
A former dental office - suitable for professional offices = 4 private rooms - reception & waiting - break room = $99,500 Sales Price - 1,400 SF =
le
ab
For Lease
2,627 SF suite: 5 offices, conference room 2,001 SF suite: 5 offices, large bullpen area = $15.50 PSF (Full Service)
For Lease
Office suite available - large conference & kitchen = Great space for attorney, accountant, other professional = 680 SF ($1,200 mo.) (Full Gross) =
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NORTH SLIDE SQUARE SHOPPING CENTER NWC of Slide Road and N. Loop 289
Now-Leasing
r de ction n U tru s on
C
89
p2
oo
L N. sR
ces
Ac Road
d
oa
Slide
For Sale
Shopping Center
suites available from: 1,400 - 8,000 SF =
Drive-through
available. =
Ground Lease
Outdoor dining
Ground Lease
area available. =
Monument signage on N. Loop 289
=
Generous improve-
Slide Road
=
ment allowance Retail 5,125 SF
Retail 8,000 SF
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RIVER CROSSING CENTER
RETAIL STRIP CENTER
6015 - 82nd Street
5004 Frankford Avenue
For Lease
East end-cap available (9,537 SF) Highly visible location with great traffic flow = $14.00 PSF (NNN)
For Sale
Multi-Tenant retail center - staggered NNN leases New Construction in 2007 = $4,440,000 - - 8.43% CAP Rate on actuals
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NORTHPARK VILLAGE CENTER
WEST WIND SHOPPING CENTER
4th Street and Slide Road
5510 - 4th Street
For Lease
For Lease
Quality center with United Supermarket as anchor 4 suites: 1,068 SF; 1,200 SF; 1,334 SF & 2,282 SF = $14.00 PSF (NNN)
An attractive retail center fronting 4th Street Suite 130: 1,952 SF ($18.00 PSF - NNN) = Suite 160: 1,394 SF ($18.00 PSF - NNN)
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RETAIL STRIP CENTER
SALEM VILLAGE ANNEX
3444 W. Loop 289
4621 S. Loop 289
For Sale
Retail center with W. Loop 289 frontage 3 suite building - high visibility and traffic = $1,000,000
For Lease
Retail / Office center with S. Loop 289 frontage High visibility location - good off-street parking = Suite C: 3,900 SF ($13.00 PSF - NNN)
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WAREHOUSE / DISTRIBUTION / OFFICE 2222 - Avenue A
For Lease: $1.75 PSF - Warehouse $4.00 PSF - Office
Multiple building warehouse / office complex 4,000 SF to 100,000 SF available = Dock high loading and ramp access available = Major thoroughfare frontage = Quick access to Interstate 27 (3 blocks away) =
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1020 SE LOOP 289
3701 N FRANKFORD AVE. For Sale / Lease
For Lease
Warehouse/Office & Indoor baseball training facility 5,200 SF - $3,000 month - warehouse/office = 5,000 SF - 3,500 month - indoor baseball training
Current child care facility - office & warehouse space 3,280 SF office space / 6,720 SF warehouse space = $360,000 Sales Price = Lease amount varies
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2228 BUDDY HOLLY AVE.
708 - 27TH STREET For Lease
12,143 square foot warehouse with dock-high loading = Four offices (2 story) with reception area = $3.95 per SF - $4,000 per month (NNN) =
For Sale / Lease
Multiple Use: Industrial / Office / Retail / Party Room = 6,338 SF - could divide into two individual units = $339,000 Sales Price = $4,000 mo. Lease =
3501 GLOBE AVE.
9909 HWY. 87
For Lease
For Sale / Lease
Metal warehouse with lg. yard/stack lot - overhead door(s) US Highway 87 (Tahoka Hwy.) frontage = $380,260 Sales Price = $3.50 PSF Lease (NNN)
Nice office/warehouse property with large stack lot 1,810 SF with single overhead door = Zoned M-1 = $825 per month (NNN)
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10307 HWY. 87
10101 HWY. 87 For Sale / Lease
Metal warehouse with lg. yard/stack lot - overhead door(s) = US Highway 87 (Tahoka Hwy.) frontage = $679,120 Sales Price = $3.50 PSF Lease (NNN) =
For Sale / Lease
Metal warehouse with lg. yard/stack lot - overhead door(s) US Highway 87 (Tahoka Hwy.) frontage = $333,940 Sales Price = $3.50 PSF Lease (NNN) = =
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Lubbock Amarillo Abilene Midland Odessa San Angelo
The West Texas Multi-Family Team
Our Primary Market Area
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. Taylor Tucker, CCIM Rick Canup, CCIM
Off-Market Transactions Many apartments sell or trade “Off-Market”. Contact us for additional apartments in Texas.
DIRECT: 806.784.3260 CELL: 806.470.3844 TTucker@CBCWorldwide.com
DIRECT: 806.784.3204 CELL: 806.438.8188 RCanup@CBCWorldwide.com
Featured Property CROWN POINTE TOWNHOMES 4411 / 4426 - 105th St. Lubbock, TX YEAR BUILT: 2011 SALES PRICE: $2,499,950 CAP RATE: 7.61%
NEW CONSTRUCTION Crown Ridge is a Newly Constructed, Class “A+” property, located in one of the highest growth areas in the city of Lubbock, TX. The property is comprised of 9 duplexes / 18 units. The superiority of the design, construction, and location have allowed the property to achieve current rents as high as $1,525/unit.
28
1409 - 23rd Street, Lubbock, TX Property:
Church
Building Area: 18,774 SF Land Area:
28,000 SF
Auditorium:
250 (approx.)
Off-Street Parking: 48 spaces Sales Price:
Auditorium
$440,000
Move-in ready facility featuring: 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 - employee lounge = “Control Room� for security cameras and doors = Inmate health care facility - fully stocked = Inmate visitation room = Kitchen and laundry facility with equipment = Inmate library - full stocked = Inmate gymnasium & classrooms =
2600 South Sunset - Littlefield, TX Property:
Existing 383 bed adult correctional facility
Building Area: 94,437 SF
Land Area:
Year Built:
Appraised at: $11,200,000
2000
29
30 Acres
RECENT TRANSACTIONS
RETAIL SPACE
RETAIL BLDG. NN Sale
For Lease
D SE LEA
Beall’s Dept. Store 3210 College Ave., Snyder, TX
17,812 SF
(NN Lease Investment - Tenant in place since 1984)
Salem Village Annex. 4621 S. Loop 289
$13.00 PSF (NNN)
$550,000 / 11.07 CAP Rate
Coldwell Banker Commercial Represented the Landlord and Tenant in leasing 2,272 square feet of office space to Names & Numbers.
RETAIL SPACE
3,900 SF
(Store-front space fronting S. Loop 289 frontage road)
RETAIL SPACE For Lease
For Lease
LD
SO
South Plains Crossing 3444 W. Loop 289
6,741 SF
6802 Slide Road
2,400 SF
(Retail store front space - Loop frontage with high visibility)
(Store-front space in a power center anchored by Hobby Lobby)
$8.00 PSF (NNN)
$16.00 PSF (NNN)
RETAIL BLDG.
RETAIL BLDG. For Sale
For Sale
Coldwell Banker Commercial Represented the Buyer in the acquisition of a corner tract of land for the construction of a new Mighty Wash car wash.
NNN Investment
D
L SO
5004 Frankford Avenue
NNN Investment 41,190 SF
5021 W. Loop 250, Midland, TX
(NNN Investment - 10 year lease - excellent location)
$4,440,000
$950,000 - Contact Broker for Details
RETAIL SPACE
RETAIL SPACE For Lease
Coldwell Banker Commercial Represented the Seller in the disposition of a retail/office strip center fronting 50th Street between Indian & Quaker Ave.
Northpark Village 4th Street & Slide Rd.
For Lease
North Indiana Gardens 2,282 SF
(Former restaurant - United Supermarket anchor)
$14.00 PSF (NNN)
30
5,920 SF
(Multi-tenant retail center built in 2007 - staggered NNN leases)
3422 - 34th Street
880 SF
(Highly visible - major intersection - storefront space)
$10.00 PSF (Modified Gross)
RETAIL SPACE
RETAIL BLDG. For Lease
West Wind Center 5510 - 4th Street 1,952 SF & 1,394 SF (Storefront space - fronts 4th Street - attractive center)
(Storefront space - great visibility - United Supermarket anchor)
$14.00 PSF (NNN)
$12.50 PSF (Mod. Gross)
For Lease
For Sub-Lease
10,908 SF
(High visibility - former CVS Pharmacy building)
6015 - 82nd Street
9,537 SF
(End-cap in a great new retail strip center - high visibility)
For Lease
For Lease
2,450 SF
(Store-front space in fast growing southwest Lubbock)
3444 W. Loop 289
180,000 SF $1,250,000
For Sale
15,364 SF 3,160 SF 2333 - 50th Street (2-story building - former MassMutual building) $1,150,000 Sale $8.00 PSF (NNN)
(Retail store front center with Loop 289 frontage - high traffic)
$14.00 PSF (NNN)
RETAIL SPACE
400 Wall St., Midland, TX
(High-rise office building in the heart of downtown Midland)
OFFICE BLDG.
RETAIL BLDG.
RETAIL SPACE
For Sale
$14.00 PSF (NNN)
$10.00 PSF (NNN)
RETAIL BLDG. For Lease
9002 Memphis Ave.
4,000 and 4,245 SF
(7-year old freestanding office building with multiple suites)
RETAIL SPACE
RETAIL BLDG.
6914 - 82nd Street
For
Northpark Village 4th Street & Slide Rd. 1,200 SF & 1,068 SF 6306 Iola
$18.00 PSF (NNN)
5120 - 34th Street
OFFICE SPACE For Lease
5,000 SF
(Metal bldg. - clear span - OH door - currently a sports complex)
$7.20 PSF (NNN)
For Sale
701 Broadway Ave.
11,500 SF
(A two-story building in the downtown business district)
$300,000
31
RECENT TRANSACTIONS
RETAIL BLDG.
OFFICE BLDG. For Sale
For Lease
LD
SO
New Construction 2429 - 34th Street
3,500 SF
(Store-front space - great visibility - high traffic flow)
11007 Quaker Avenue
$15.50 PSF (NNN)
$98,500
Coldwell Banker Commercial represented the Seller in the disposition of a 29,212 square foot freestanding building that was the former L2 Auto facility.
4,681 SF
(11 private offices - lg. conference - custom kitchen)
OFFICE BLDG.
OFFICE SPACE
For Lease
For Lease
D SE LEA
Pyramid Plaza
New Construction
3223 S. Loop 289 763 SF / 1,419 SF / 2,213 SF
(Unique design / multi-level waterfall / glass elevators)
$16.75 PSF (Full Service)
OFFICE BLDG.
6121 - 79th Street
6,500 SF
(Space can be configured to fit Tenant’s requirements)
$14 PSF (Non-medical) / $17 PSF (Medical)
OFFICE SPACE For Lease
For Lease
Coldwell Banker Commercial represented the Tenant, Sta-Rite Industries, in leasing a 15,000 square foot warehouse/office on FM 1585 just west of FM 179.
LD
7311 Marsha Sharp Frwy.
SO
2,179 SF
(2 offices - showroom - break room - lg. open area - storage)
4747 S. Loop 289
1,998 SF
(Quality space with multiple offices - large conference room)
$11.00 PSF (NNN)
$16.00 PSF (Full Service)
OFFICE BLDG.
OFFICE CONDO
For Sale
For Sale
Coldwell Banker Commercial Represented the Seller and Buyer in the disposition and acquisition of a 30,275 office/ warehouse. 6401 Indiana Avenue
1,400 SF
(4 private offices - reception - suitable for professional offices)
$99,500
32
4414 Avenue A
13,772 SF
(5 offices with shop/warehouse - grade level overhead door)
$160,000
OFFICE SPACE
OFFICE SPACE
OFFICE SPACE For Lease
For Lease
For
Coppertree Office 4412 - 74th Street
2,627 SF
(Prof. office space - beautiful landscaping - excellent parking)
$15.50 PSF (Full Service)
7202 Slide Road; Ste. 200
2,790 SF 6306 Iola
(Six private offices - reception - break room - file/storage)
$16.00 PSF (Modified Gross)
4,000 and 4,245 SF
(7-year old freestanding office building with multiple suites)
$12.50 PSF (Mod. Gross)
OFFICE BLDG.
OFFICE SPACE For Lease
3824 - 50th Street
927 SF
(3 private offices - reception - open work area - shared restrooms)
For Sale
2302-2306 Avenue Q
6,975 SF
(Multi-suite office building - could work for 4-5 tenants)
400 Wall St., Midland, TX
$1,250,000
OFFICE BLDG.
OFFICE SPACE For Sale
180,000 SF
(High-rise office building in the heart of downtown Midland)
$585,000
$975 per month
OFFICE BLDG.
For Sale
For Lease
For Sale
New Construction 11007 Quaker Avenue
4,681 SF
(11 private offices - lg. conference - custom kitchen)
1303 82nd Street
1,612 SF
(Strip center with OH doors now available - build-out)
$724,000
OFFICE SPACE
$8.00 PSF (NNN)
2333 - 50th Street 15,364 SF (2-story building - former MassMutual building) $1,150,000 Sale
OFFICE SUITE For Lease
For Lease
Pyramid Plaza 619 Broadway Avenue
680 SF
3223 S. Loop 289
1,040 SF
(Single suite - conference room - kitchen - downtown district)
(Basement suite - reception area and a large open area )
$1,200 month (Full Gross)
$12.60 PSF (Full Service)
33
RECENT TRANSACTIONS
OFFICE SPACE
MEDICAL OFFICE For Lease
For Sale
LD
SO
3301 - 66th Street
2,278 SF
(3 private offices - conference room - reception with fireplace)
$12.00 PSF (NNN)
Coldwell Banker Commercial Represented the Seller and the Buyer in the disposition and acquisition of a 7,520 square foot warehouse.
OFFICE SPACE
4410 - 50th Street
3,255 SF
(6 exam rooms - lg. reception/waiting - 1,300 SF expansion area)
$245,690
OFFICE BLDG. For Lease
For Sale
LD
SO
3824 - 50th Street
768 SF
(3 private offices - large open work area - shared restrooms)
3610 - 34th Street
6,100 SF
(Interior gutted - ready for finish-out. Close to medical district.)
$768 per month
OFFICE SPACE
$350,000
OFFICE SPACE For Lease
Coldwell Banker Commercial Represented the Seller in the disposition of a 3,398 square foot 2-story office building near Texas Tech University.
Coppertree Office
D SE LEA
4412 - 74th Street
For Lease
South Pointe Office 2,001 SF
(Prof. office space - beautiful landscaping - excellent parking)
$15.50 PSF (Full Service)
OFFICE SPACE
2034 - 82nd Street
526 SF
(8-building office park - common conference room)
$16.54 PSF (Full Service)
OFFICE SPACE For Lease
For Lease
Coldwell Banker Commercial Represented the Landlord in leasing 1,600 square feet of retail space to Weight Watchers. Pyramid Plaza 3223 S. Loop 289
763 SF
(Unique design / multi-level waterfall / glass elevators)
$16.75 PSF (Full Service)
34
2302-2306 Avenue Q
6,975 SF
(Multi-suite office building - could work for 4-5 tenants)
Call for lease rates
OFFICE BLDG.
OFFICE SPACE
OFFICE SPACE For Sale
For Lease
7202 Slide Road; Ste. 301
2,719 SF
(Five private offices - large open area - large break room)
$16.00 PSF (Modified Gross)
3610 Avenue Q
$13.00 PSF (Modified Gross)
OFFICE BLDG.
8801 Milwaukee Ave.
2,500 SF - 5,000 SF
(New Construction - Garden Office - 2 suites available)
Call Broker
OFFICE BLDG.
OFFICE BLDG.
For Sale
6,100 SF
(Interior gutted - ready for finish-out. Close to medical district.)
3411 S. Loop 289
2,400 SF
(Very nice building - currently used as medical offices)
$199,000
OFFICE BLDG.
3,030 SF
(Freestanding office building - Formerly a restaurant)
$8.00 PSF (NNN)
OFFICE BLDG.
4412 - 50th Street
For Lease
For Lease
$12.00 PSF (NNN)
For Sale
1615 - 28th Street
5,299 SF
(Currently MHMR Support System Office - 2 story w/basement)
$148,000
CHURCH For Sale
1601-1602 Vanda Ave.
$8.00 PSF (NNN)
New Construction 2,073 SF
(6 private offices, conference room, break room, data)
3610 - 34th Street
1,849 SF
(Strip center with OH doors now available - build-out)
For Lease
For Lease
Chicago Court
1303 82nd Street
$325,000
OFFICE SUITE
OFFICE SPACE
5502 - 58th Street
11,460 SF
(Multi-tenant office building - great off-street parking)
For Lease
8,698 SF
(Office building with several dorm rooms - Appraised $90,000)
Bring All Offers
For Sale
1409 - 23rd Street
18,774 SF
(Approx. 250 seat sanctuary, fellowship hall, many classrooms)
$440,000
35
RECENT TRANSACTIONS
WAREHOUSE
WAREHOUSE
For Lease
For Sale or Lease D SE LEA
9909 Hwy. 87 (Tahoka Hwy.)
19,013 SF
(Metal bldg. - Lg stack yard - OH doors - Highway frontage)
2222 Avenue A
4,000 SF - 100,000 SF
(Large multi-building warehouse and office complex)
$380,260 Sale / $3.50 PSF (NNN) Lease
Coldwell Banker Commercial represented the Landlord and the Tenant in leasing 2,272 SF of space in a new office building in southwest Lubbock.
FLEX SPACE
$4.00 PSF (NNN)
WAREHOUSE For Lease
For Lease
D SE LEA
2228 Buddy Holly Ave.
6,338 SF
(Multi-use: Industrial - Retail - Party Room / could be divided)
$4,000 month
WAREHOUSE
222 N. Avenue U
14,400 SF
(Lg. metal warehouse - fenced yard - lg. overhead doors)
$2.40 PSF (Modified Gross)
WRHSE./OFFICE For Lease
For Sale or Lease
Coldwell Banker Commercial represented the Landlord in leasing 3,924 SF of professional office space in Pyramid Plaza Office Building.
D SE LEA
708 - 27th Street
12,143 SF
(Warehouse with dock-high & ramp - 4 offices with reception)
$3.95 PSF (NNN)
FLEX SPACE
3701 N. Frankford Ave.
10,000 SF
(Child care facility - well & septic - excellent building)
$ 360,000 Sale / Call Broker for Lease
WAREHOUSE For Lease
For Sale or Lease
Coldwell Banker Commercial represented the Landlord and Tenant in leasing 2,521 SF of office space in Sonoma Plaza Center. 1020 S. Loop 289
10,400 SF
(Warehouse/office and Indoor baseball training facility)
$3,000 mo. warehouse / $3,500 mo. baseball
36
10101 Hwy. 87 (Tahoka Hwy.)
33,956 SF
(Metal bldg. - Lg stack yard - OH doors - Highway frontage)
$679,120 Sale / $3.50 PSF (NNN) Lease
WAREHOUSE
WRHSE./OFFICE
For Sale
For Lease
3501 Globe Avenue
1,810 SF
(Nice office/warehouse - Lg. stack lot - OH door - Zoned M-1)
2139 Baylor Avenue
27,025 SF
2513 CR 7650
WAREHOUSE
1,200 SF
WAREHOUSE
$250,000
For Sale or Lease
10307 Hwy. 87 (Tahoka Hwy.)
2010 Clovis Hwy.
16,927 SF
(Metal bldg. - Lg stack yard - OH doors - Highway frontage)
$333,940 Sale / $3.50 PSF (NNN) Lease
FLEX BLDG. For Sale
17,191 SF
(Six individual units - Overhead doors - 100% leased)
$8.64 PSF (NNN)
$340,000
For Sale
2228 Buddy Holly Ave.
6,338 SF
(Multi-use: Industrial - Retail - Party Room / could be divided)
$339,000
WRHSE./OFFICE For Sale
2422 Clovis Road
13,200 SF $375,000
For Lease
(3 office spaces - 40’ x 30’ warehouse space - West Lubbock)
4,200 SF
(High-bay warehouse / drive-thru overhead doors - fenced lot)
WAREHOUSE
(7.36 acres - 2 story home - mobile home - 2 warehouses - office)
$649,500 Sale / $5,500 month
FLEX SPACE
4008 Avenue A
For Sale
For Sale or Lease
(Lg. showroom - 3 service bays - parts room - offices/conference)
For Sale
$125,000
WAREHOUSE
WAREHOUSE
5925 - 50th Street
10,029 SF
(3 overhead doors [1 dock high] & [1 ramp] - office area)
$825 month (NNN)
4602 Avenue A
WAREHOUSE
20,012 SF
(Warehouse with 6 offices - Dock-high doors)
$312,450
For Sale
1915 Texas Ave.
6,320 SF
(Large shop with 3 drive-through overhead doors - office area)
$300,000
37
1 2 3 4 5 6 7 8 9 10 11 12
N. Loop 289 & Memphis 6.05 Acres $7.44 per SF 4100 Erskine Street 30 Acres Call Broker 5200 N. Loop 289 0.86 - 1.52 Acres $14.00 per SF 4601 N. Loop 289 9.5 Acres $4.25 per S 101 Slide Road 2.41 Acres $16.00 per SF 201 Slide Road 0.937 Acres $16.00 per SF Frankford & Erskine St. 3.352 Acres $6.00 per SF 2401 W. Loop 289 2.836 Acres $5.00 per SF 7500 Milwaukee Ave. 5.47 Acres $12.50 per SF SWC of 66th & Iola Ave. 16.1 Acres $3.00 per SF SEC 66th & Milwaukee Ave. 17.0 Acres $7.50 per SF 71st & Kewanee Ave. 10 Acres $3.00 per SF
29 30 31 32 33 34 35 36 37 38 39 40
6600 - 66th Street 6.11 Acres $6.00 per SF 6700 - 66th Street 3.93 Acres $6.00 per SF 7221 Brownfield Hwy. 2.74 Acres $10.00 per SF 6900 Milwaukee Ave. 3.67 Acres $10.00 per SF 7000 & Milwaukee Ave. 2.12 Acres $12.50 per SF 7700 Milwaukee Ave. 5.47 Acres $12.50 per SF
41
7800 Milwaukee Ave. 6.97 Acres $12.50 per SF 6400 - 74th Street 5.71 Acres $3.00 per SF 7400 Milwaukee Ave. 1.72 Acres $12.50 per SF 6621 - 98th Street 5.0 Acres 1.60 per SF 5322 FM 1585 17.0 Acres 2.00 per SF 48th Street & Gary Ave. 1.88 Acres $470,000
47
53
27
11806 Slide Road 1.44 Acres $5.00 per SF 1520 Avenue Q 24,388 SF $11.75 per SF 5109 - 82nd Street 4.08 Acres $15.00 per SF
28
109th & Quaker Ave. 2.04 Acres $9.00 per SF
13 14 15 16 17 18 19 20 21 22 23 24 25 26
42 43 44 45 46
48 49 50 51 52
54 55 56 57
12301 Slide Road 6.43 Acres $7.00 per SF Brownfield Hwy & 87th 43.995 Acres $1.50 - $6.00 per SF NEC of Quaker & FM1585 7.02 Acres $5.00 per SF NEC of Quaker & 146th St. 197 Acres $12,500 per Acre 2202 FM 1585 125 Acres $5,808 per Acre 3433 - 98th Street 1.9 Acres $12.00 per SF 6121 - 79th Street 25,414 SF 7.83 per Acre SEC of 34th Street & MLK 5.77 Acres $135,000 2539 - 74th Street 17,424 SF $5.25 per SF 2504 - 98th Street 3.5 Acres $4.95 per SF 102nd Street & Slide Road 2.6 Acres $10.00 per SF 4412 - 6th Street 41,382 SF $11.00 per SF
58
7907 FM 179 21,000 SF $12.00 per SF FM 179 100 Acres $10,000 per acre 207 U.S. Hwy 62/82 3.19 Acres $2.34 per SF 4925 Marsha Sharp Frwy. 2.35 Acres $5.00 per SF SWC Quaker & 114th 11.3 Acres $8.00 - $9.00 per SF SWC 98th Street & Alcove 123 Acres $11,000 per acre
70
NEC Milwaukee & Ursuline 160 Acres $4,950 per acre 6424 - 4th Street 7.126 Acres $6.50 per SF 3632 - 50th Street 1.91 Acres $9.56 per SF 301 Avenue Q 2.00 Acres $17.50 per SF 12403 Upton 30 Acres $15,000 per Acre 5309 - 50th Street 1.22 Acres $10.75 per SF 6005 - 45th Street 6007 - 45th Street SEC 114th & Slide Rd. 3219 E. Slaton Hwy. 7903 CR1500
1.3 Acres $8.00 per SF 38,000 SF $8.00 per SF 9.08 Acres $4.75 per SF 1.60 Acres $0.30 per SF 3.697 Acres $2.76 per SF
59 60 61 62 63 64 65 66 67 68 69
71 72 73 74
5802 Erskine Street 31 Acres $2.50 - $3.50 PSF 8801 Milwaukee Ave. 3.04 Acres TBD 6602 - 82nd Street 1.938 Acres $17.00 per SF 6626 - 82nd Street 4.437 Acres $8.00 per SF 6120 - 82nd Street 1.03 Acres $14.00 per SF 4402 - 122nd Street 0.7 Acres $6.00 per SF NWC 122nd & Quaker 7.4 SF 2.75 per SF 409 Main, Wolfforth 22,750 SF $3.52 per SF 2915 - 98th Street 0.73 Acres $7.90 per SF NWC of N. Quaker & Keuka 320 Acres $2,000 per acre 17013 Slide Road 5 Acres $95,000 10401 Slide Road 2.22 Acres $8.27 per SF 10609 Slide Road 2.68 Acres $6.00 per SF 6223 - 82nd Street 18,487 SF $16.00 per SF 11003 Quaker Avenue 66,000 SF $8.75 per SF NWC FM 179 & 82nd Street 3.0 Acres $10.00 per SF NEC 124th & University 2.03 Acres $120,000
76
NWC Slide & N. Loop 289 40,511 SF $14.00 per SF 1701 E. 46th Street 2.48 Acres $1.99 per SF
77
8501 - 4th Street
75
78 79
12.5 Acres $118,750
S. of FM1585 & Hwy 62/82 30 Acres $209,000 N. of FM1585 & Hwy 62/82 7.2 Acres $72,000
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 $4.00 per SF Tract II 7.55 Acres $2.00 per SF Tract IV 7,000 SF $2.00 per SF Tract V 8.0 Acres $4.00 per SF
39
RICK CANUP, REALTORS
PRESORTED STANDARD US POSTAGE PAID LUBBOCK, TX PERMIT NO. 613
R
4924 S. Loop 289 Lubbock, TX 79414 www.CBCLubbock.com
CHANGE SERVICE REQUESTED
LUBBOCK, TX OFFICE AUSTIN, TX OFFICE Rick Canup, CCIM
806.784.3204
Parker Carroll, CCIM
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.
AUSTIN, TX OFFICE
Scott Womack
Barry Forrest
806.784.3265
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). Recently closed over $60,000,000 in transactions.
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 $169,000,000 and has leased over 2,000,000 sq. ft. of office and retail space. Currently responsible for the management or leasing of over 300,000 sq. ft. of commercial properties.
AUSTIN, TX OFFICE
Jef Conn, CCIM, MBA
Taylor Tucker, CCIM
806.784.3216
512.382.5564
972.956.8171
Specializes in retail net leased investments brokerage. Closed over $75 Million in net leased properties throughout the US. Experience spans over 20 years and includes transaction management, build-to-suit development, brokerage firm owner and international property management. Focused on client’s best interest by getting results with integrity and professionalism.
806.784.3260
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. Member of the Coldwell Banker Commercial Industrial Group. Graduate of Texas Tech Rawls College of Business.
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.
Eric Eberhardt
Beau Tucker, CCIM
806.784.3239
806.784.3298
Specializing in Retail Brokerage and Leasing as well as Investments. Maintains a database of over 975 retail properties, 1,800 retail tenants, and over 1,350 owners and investors. Member of ICSC and a graduate of Texas Tech Rawls College of Business with a degree in Marketing.
“The Land Man,” specializing in all aspects of land and NNN 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). Maintains a database of over 1,750 investors. Over $120,000,000 of land inventory.
Jordan Wood
Nick Eyhorn
806.784.3224
Specializing in Retail brokerage and leasing as well as investments. Maintains a database of over 980 retail properties representing over 1,300 owners and investors and over 1,800 tenants. Member of ICSC and Coldwell Banker Commercial Retail Group.
806.784.3215
Specializing in Office and Industrial Brokerage and Leasing as well as Investments. Maintains a database of over 1,000 Office properties in West Texas. Member of the Coldwell Banker Commercial Office Group. Graduate of Texas Tech University Rawls College of Business.