The Coldwell Banker Commercial
ADVANTAGE
PAGE 3-14 Inaugural Edition of the INSIGHT Market Report
PAGE 6 Exciting Trends in Lubbock Retail Sector
SUMMER
2015
PAGE 10 Strong Indicators for Hub City Industrial Property
Office •Retail • Multi-Family • Industrial • Land Development
RICK CANUP, REALTORS®
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MULTI-FAMILY PROPERTIES Specializing in Secondary & Tertiary Markets throughout Texas 40
AMARILLO 27
WICHITA FALLS
LUBBOCK
MIDLAND ODESSA 20
BIG SPRING
TYLER
20
SAN ANGELO
TEMPLE 35
AUSTIN 10
SAN ANTONIO VICTORIA 35
Many apartments sell or trade “Off-Market”. Contact us for additional apartments in Texas.
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20
LUFKIN
WACO KILLEEN
10
Off-Market Transactions
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FT. WORTH DALLAS
ABILENE EL PASO
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45
COLLEGE STATION / BRYAN BEAUMONT HOUSTON
LONGVIEW
With over 55 years of combined experience, With TheTucker TuckerGroup Groupspecializing specializesininrepresenting representing the apartment communities in secondary and apartment buyers and sellers in the brokerage tertiary markets throughoutinTexas. of apartment communities secondary and tertiary markets throughout Texas. The strength of the Team lies in our marketing The strength property of the Team lies in our capabilities, analysis, andmarketing market capabilities, property analysis, and market expertise that is second to none. expertise that is second to none. If you are considering buying or selling an If you are considering buying or selling an apartment community, contact us. apartment community, contact us.
Taylor Tucker, CCIM Texas Director of the CBC Multi-Family Group DIRECT: 806.784.3260 CELL: 806.319.2602 TTucker@CBCWorldwide.com
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LAREDO
CORPUS CHRISTI MCALLEN
MISSION
HARLINGEN
Chase Tucker Specializes in Multi-Family Brokerage DIRECT: 806.784.3268 CELL: 806.470.4988 CTucker@CBCWorldWide.com
BROWNSVILLE
Rick Canup, CCIM C.E.O. DIRECT: 806.784.3204 CELL: 806.438.8188 RCanup@CBCWorldwide.com
Lantana Apartments S NIT OON U 26 NG S MI CO
Waco Street Colorado City, TX 806.793.0888
www.CBCLubbock.com
www.CBCWorldWide.com
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MULTI-FAMILY PROPERTIES Wendover Arms Apartments
Toledo Terrace Apartments
LD SO NITS U 79
LD SO NITS U 44
ng
Lubbock, TX
Lubbock, TX
Park Terrace Apartments
Sandia Apartments
LD SO Units 16
LD SO NITS U 16
402 Old Lamesa Rd. Brownfield, TX
Lubbock, TX
West Wind Apartments
Springtime Apartments
LD S SOUUNnITits 3709
LD TS O S NI U 24
1 Golden Court Abernathy, TX 806.793.0888
Lubbock, TX
www.CBCLubbock.com
www.CBCWorldWide.com
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NNN INVESTMENTS POTBELLY SANWICH SHOP
806.793.0888 IHOP RESTAURANT
Lubbock, TX
Midland, TX
ate PR A C 5% 6.2
ate PR A C 6%
$3,000,000 – 6% CAP Rate = 10% rent increases every 5 years = 19 years remaining on primary lease =
$3,907,200 – 6.25% CAP Rate = 75+ unit IHOP franchisee absolute net =
SHERWOOD OAKS SHOPPING CTR
CASH STORE & MATTRESS HQ
San Angelo, TX
Tyler, TX
ate PR A %C 7.5
7%
$4,711,000 – 7.5% CAP Rate 100% leased with staggered lease expirations = Outparcel to Cinemark Tinseltown
$2,155,000 - 7% CAP Rate Outparcel to Wal-Mart Supercenter = Prominent retail shopping district = 100,000+ population
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806.793.0888
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www.CBCLubbock.com
www.CBCWorldWide.com
NNN INVESTMENTS NORTH 1ST STREET SHOPPING CTR
TEXAS CAR TITLE & PAYDAY LOAN
Abilene, TX
% 8.5
806.793.0888 Canyon, TX
ate PR A C 3% 9.5
ate PR CA
$1,208,000 – 8.5% CAP Rate = 100% leased = Priced under $26 per sq. ft.
$425,000 – 9.53% CAP Rate = 1 block from West Texas A&M University = Lighted corner lot = Amarillo MSA
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SAN ANGELO CORNERS
NORTHWEND SHOPPING CENTER
San Angelo, TX
Austin, TX
te Ra AP C 5% 8.2
ate PR A %C 6.5
$3,312,000 – 6.5% CAP Rate 100% leased = Pad Site to Sam’s Club; adjacent to Wal-Mart
$7,500,000 – 8.25% CAP Rate = 64,099 square feet 91% leased = Priced below replacement cost - $117 / sq. ft.
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806.793.0888
www.CBCLubbock.com
www.CBCWorldWide.com
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INDUSTRIAL PROPERTY
806.793.0888
4001 Martin Luther King Jr. Blvd. ~ Lubbock, TX
SE EA L R EO L A RS O F
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36,965 sq.ft. (buildings) • Lease Price • $8,000/month (NNN) • $900,000 Sales price • 4.5 acres paved stack yard
South I-27 Industrial Park - Lubbock, TX r Fo
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316+ Acres - Divisible to 5 acres = Close to I-27 $35,000 per acre sales price = Leases available
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1020 SE Loop 289 - Lubbock, TX
10,400 sq.ft. (building) = $650,000 Sales price 2-story office space = Paved off-street parking
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1926 FM 54 - Littlefield, TX
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2401 NE Loop 289 - Lubbock, TX
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477,508 sq.ft. Warehouse space = 155+ Acres 25,000 sq.ft. Office Space = 9 Dock high doors
806.793.0888
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9.28 Acres (land) = 77,400 sq.ft (warehouse) $2,400,000 Sales price = 8 Dock high doors
www.CBCLubbock.com
www.CBCWorldWide.com
INDUSTRIAL PROPERTY
806.793.0888
2307 Erskine St. ~ Lubbock, TX
SE EA L R EO L A RS O F
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6,643 sq. ft. of Office space = 7,500 sq. ft. of Warehouse space = $450,000 Sales Price = 4 overhead doors = Insulated metal building = Close proximity to Loop 289
302 Ave O - Lubbock, TX
ale e r SLeas o F r Fo
• 48,934 sq.ft. total - 239,756 sq.ft. (land size) • $1,800,000 • In close proximity to I-27
1105 US Hwy 62/82 - Brownfield, TX
13,700 sq. ft. total - Warehouse / Office - 3.48 Acres = Located on the south side of Brownfield
806.793.0888
1,800 sq.ft. office/warehouse - $80,000 (Sale) $800 /month (Lease) = Insulated warehouse
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8702 PR 7365 - Lubbock, TX
10101 Hwy 87 - Lubbock, TX
33,600 SF Showroom/Warehouse - $4.75/NNN Two separate buildings, 20,800 SF & 15,100 SF
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www.CBCLubbock.com
www.CBCWorldWide.com
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RETAIL PROPERTY
The CENTRE at OVERTON PARK
806.793.0888
2400 Glenna Goodacre Blvd., across from Texas Tech G
IN AS
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NEW, URBAN, MIXED-USE PROPERTY = 1,155 – 2,034 sq. ft. = 2 spaces available = 6,500 students witin 3 blocks = 5,000 additional students within 2 miles
Assited Living Facility Near Wolfforth, TX
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1,952 SF at $16.50 per sq. ft. (NNN) 151,576 population in 5-mile radius
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Cornerstone Shopping Ctr 3225 50th Street
Raintree Plaza 3408 98th Street
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5510 4th Street
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5,038 sq. ft. (building) - $749,000 – 18% CAP rate = 16 Beds = Major interior renovation in 2014
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West Wind Center
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11,150 sq. ft. shopping center space for sub-lease Lease rate of $9.06 per sq. ft. = 7 years remaining
806.793.0888
Two 1,500 sq. ft. spaces available Lease rate: 15.00 per sq. ft. (Modified Gross) =
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www.CBCLubbock.com
www.CBCWorldWide.com
RETAIL PROPERTY
THE HUB SHOPPING CENTER
806.793.0888
7320 Milwaukee Avenue
NOW LEASING
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ER TIO D UN RUC ST N O
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Phase 2 Under Construction = $24.00–28.00 per sq.ft. Lease rate = Spaces can be combined Generous Improvement allowance = End Caps Suitable for Food Service with Drive-Throughs
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Retail Space
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4257 34th Street
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4-pump gas station = High-traffic intersection = $3,000 per month lease rate with 5 year term
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2,800 SF to 6,600 sq. ft. = $8.50–$10 per SF (NNN) One of the finest retail locations on 34th Street
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River Crossing d
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3115 34th Street
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Flintwood Center
6015 82nd Street
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= 3,043 SF - $17.50 per sq. ft. (NNN) Includes grease trap & some restaurant equipment
806.793.0888
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Retail Space
1625 University Ave.
2,875 sq. ft. - $19.50 per sq. ft. (NNN) = Generous Improvement Allowance
www.CBCLubbock.com
www.CBCWorldWide.com
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OFFICE PROPERTY
806.793.0888
11005 Quaker Ave Lubbock, TX
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4,389 SF - $14.95 per SF (NNN) = Constructed in 2011 = 11 private offices = Receptionist area = Client waiting area with fireplace = Large conference room =
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Office Suites
4747 S Loop 289 r Fo
8,773 sq. ft. – $17.00 per sq. ft. (Full Service) = Call broker for sale pricing
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1,463 sq. ft. – $233,000 Sale Price – Balcony = 1,505 sq. ft. – $236,000 Sale Price
Office Suites
8709 Milwaukee Avenue r Fo
2,489 sq. ft. – $19.00 per sq. ft. (Mod. Gross) = 2 Suites available = Large conference room
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806.793.0888
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Two Office Condos
12002 Trafalgar Avenue
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Office Suites
6121 79th Street
New Construction = $14–17 per sq. ft. (NNN) = 1,625 sq. ft. each or can be combined
www.CBCLubbock.com
www.CBCWorldWide.com
OFFICE PROPERTY
10615 Quaker Ave
806.793.0888
Lubbock, TX
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R FO
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ale e r S eas o F dL an
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= 4,853 SF - $15.75 per SF (NNN) = Newly constructed = 13 private offices Receptionist area = Client waiting area with fireplace = Large conference room
Office Building 1635 19th Street
rS
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= 6,880 sq. ft. – $275,000 Sale Price Two-story building = 10,779.5 sq. ft. Land Size
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ale
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3,100 SF - $12.50 per SF = Offices can be remodeled = Lobby, multiple exam rooms/offices, break area
806.793.0888
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2138 19th Street
3,386 sq. ft. – $199,000 – $58.77 per sq. ft. = Full basement = Several private offices
Office Suites
4505 82nd Street
Office Building
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Office Suites
6102 Chicago Avenue
3,127 sq. ft. – can be divided = 48 off-street parking spaces
www.CBCLubbock.com
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$19.00 per sq. ft. =Full Service
www.CBCWorldWide.com
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DEVELOPMENT LAND N. Loop 289 & 4th Street
806.793.0888
5802 Erskine Street
Tra c
tC
Tra c
tD
22 Acres
Tract F
SLIDE RD.
Tra c
tB
2.46 Acres
Curb Cut to 4th St.
Lubbock City Limits
SOLD
Tract E
4TH STREET
Erskine Stree
RP HA S HA RS A M = 22 AC at $4.95/SF & 2.46 AC at $8.00/SF = Excellent visibility along North Loop 289 = Highly traveled east/west corridor — 4th Street
Frankford Avenue
AY W E E FR
9.71 Acre tract ($1.50 PSF) = 4.31 Acre tract ($2.75 PSF) 2.96 Acre tract ($2.75 PSF) = 2.85 Acre tract ($2.75 PSF) Shadow Hills = 39.84 Acre tract ($15,000 per Acre) = =
Golf Course
S. I-27 Industrial Park
7708 Milwaukee Drainage Channel
CITY PARK
1.5 mi
TEDDY JACKS
CLINIC
N THE HUB
COLLIER
SUBJECT
PROPOSED HOTEL
SUBJECT ALAHANBIA
SHOPPING CENTER
PROPOSED SPA
Milwaukee Avenue
Playa Lake
EMERGENCY ROOM
4-STORY OFFICE BUILDING
OFFICE PARK
STONECREST OFFICE PARK
PHYSICAL THERAPY
82nd Street OFFICE PARK
29,943 VPD
82nd Street
PRESTON MEDICAL OFFICE
MONTEREY CHURCH OF CHRIST
5 Acre lots - can be combined - $35,000 per acre Quick access to all parts of the city = Built-to-suit or Ground Lease
1 Acre - just north of 82nd Street on Milwaukee Ave PRIME location for fast food, retail, or restaurant = Built-to-suit or Ground Lease
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806.793.0888
www.CBCLubbock.com
www.CBCWorldWide.com
DEVELOPMENT LAND N. Loop 289 & Slide Road
806.793.0888
9301 CR 7100, Wolfforth, TX
Redbud Square
82nd St HOUSE (ESTATE)
Northpark Village
Elementary School
High School
Proposed Outer Loop
Frenship Mesa
SUBJECT
WHISPERWOOD SUBDIVISION
North Loop 289 North Slide Square
Wolfforth City Limit
FM 7200
Frenship School
Dixie Dog Drive Inn
105,056 sq. ft. (Approximately 2.41 acres) = $16.00 per sq. ft. = Frontage on North Loop 289 =
16.2 acres on highly trafficked road = $5.00 per SF = Canyon West, Costco, and Walmart nearby
806.793.0888
82 Y 2/ HW Y 6eld HW nfi w ro (B
)
353.448 Acres immediately north of the city of Wolfforth, TX All utilities are adjacent to the property = $12,000 per Acre = =
Coulter & Hillside, Amarillo, TX
SWC 66th & Iola
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Wolfforth C
Wolfforth, TX
FM 1300
Self Storage
FM 179
SUBJECT
18 (+/-) Acres at Hillside Rd. and Coulter St. Adjacent to The Greenways neighborhood = Approx. 1,170 feet of frontage along Hillside Road = =
www.CBCLubbock.com
www.CBCWorldWide.com
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DEVELOPMENT LAND Milwaukee Corridor Land
806.793.0888
SEC 66th Street & Alcove
ay arp Freew
Marsha Sh
Milwaukee Ave.
N SOLD SOLD
SOLD
3.913 AC
SOLD
SOLD
6.11 AC
New Elementary School
City of Lubbock Owned Land SOLD
4 AC
Shop Center Lazy Boy
SOLD
2.12 AC
SOLD
66th Street SOLD
SOLD
SOLD SOLD
Proposed City Park
Primrose Residential Sub-Division 395 Homes Planned
Spur 327
SOLD
SOLD
SOLD 1 AC
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
5.71 AC
10 AC New Middle School
SOLD
MEDICAL
THE HUB
Bacon Crest Residential Sub-Division 775 Homes Planned
SONIC COLLIER
4.3 AC
DAY CARE POPEYE’S
SPA
SHARKEY
COMET
JORGE’S
DUNKIN’ D.
TACO VILLA
TAN SALON
FREDDY’S
ER CLINIC
BANK
SOLD Dion’s
SOLD
SOLD
Spanky’s
82nd Street
MEDICAL OFFICE
Milwaukee Ave.
82nd Street
FUTURE BODYWORKS
Various Tracts: 1 to 10 Acres – $3.50-$16 PSF Between Canyon West & Super Walmart = Rapidly developing residential with new schools
74.059 Acres - $17,000 per Acre East of an upscale residential subdivision = NE of Wolfforth and West of Lubbock
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Upland Avenue & 146th Street
Ranch Land, Lovington, NM
Lubbock City Limit
Loop 289
Wolfforth, TX North
62/82
Milwaukee Corridor
98th Street
98th Street New Development New Development
114th Street Oakmont Estates
New Development
FM 1585
FM 1 7
House, Barn & Entry
146th Street
Lubbock City Limit
221.6 AC
New Development
New Development
3,108 Acres - 1,440 patented land / 1,668 state lease 451 acre-feet per annum water right = $2,799,999
Two Development tracts in 541.6 Acres $8,500 per Acre = Located in Southwest Lubbock
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806.793.0888
www.CBCLubbock.com
www.CBCWorldWide.com
d
Woodrow Road
Roa
Highland Oaks
e Slid
Ave
e d Av kfor Fran
Milwaukee
13 mi Hobbs, NM
New Development New Development
320 AC
West Stiles Road
City Park
Windsor Subdivision
Upland Ave
11 mimi-NM/TX NM/TX State Line
Accov e Ave
3,108 Acres
9
Wilks Road
11 mi Lovington, NM
DEVELOPMENT LAND SEC Spur 327 & Milwaukee Ave.
806.793.0888
SWC 114th & Quaker Ave.
Tract A – 1.21 Acs Tract B – 1.76 Acs Tract C – 2.35 Acs Tract D – 2.03 Acs Tract E – 0.92 Acs Tract F – 1.47 Acs 36+ Acre Mixed Use Development Land 1.82 acre tract up to 6.96 acre tract = $5.00 per SF to $15.00 per SF =
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19th Street & Interstate 27
SWC 67th Street & Milwaukee Ave.
1.182 Acres – $14.00 per sq.ft. OR Build-to-Suit Only 2 miles east of Texas Tech University = Excellent frontage along Interstate 27 =
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806.793.0888
Six tracts available of various sizes Suitable for retail development, multi-family, office development, or restaurant use.
0.804 Acres (35,022.24 sq.ft.) – $18.00 per sq.ft. 1,170 homes planned in addition to the already existing 7,000+ within a 2-mile radius
www.CBCLubbock.com
www.CBCWorldWide.com
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30
COMMERCIAL PROPERTIES RETAIL SPACE
OFFICE CONDOS
WAREHOUSE
For Sale
For Lease
South Plains Crossing 12002 Trafalgar
West Wind Shopping Center
1,463 SF & 1,505 SF
( 2 Spaces available – balcony with 2nd floor space )
$233,000 - $236,000
INDUSTRIAL
5510 4th Street
1,952 SF
(Storefront space just outside W. Loop 289)
$16.50 (NNN)
RETAIL SPACE
316+ Acres
$35,000 per Acre
$7.40 - $10.00 PSF (NNN)
(Storefront space - fronts 34th Street - attractive center)
RETAIL SPACE
RETAIL SPACE
For Sale
510 US Hwy 62/82, Meadow, TX
13,511 SF
(7 private offices, large break room/kitchen - two OH Doors) $350,000
For Lease
For Lease
The Centre’ at Overton Park
Raintree Plaza 1,500 SF
(Storefront space available - high visibility) $15 PSF (NNN)
RETAIL SPACE
2400 Glenna Goodacre Blvd.
1,802-2,034 SF
(PRIME location across from Texas Tech University)
$20.00 PSF (NNN)
FLEX SPACE For Lease
9515 N Lamar Blvd. Austin, TX
Contact Broker for Details
WAREHOUSE
For Lease
3408 98th
33,956 SF
(High visibility location with excellent signage)
For Lease
Flintwood Center 3105 - 3135 34th St. 2,800 SF - 4,030 SF
(Divisible to 5 acres – Leases available)
10101 Interstate 27
WRHSE./OFFICE
For Sale or Lease
NWC 98th St & I-27
For Sale or Lease
64,099 SF
(91% leased; Priced below replacement cost) $ 7,500,000 (8.25% CAP)
1749 FM 1429 N., Seagraves, TX
$1.68 PSF (NNN)
INDUSTRIAL For Sale
1303 82nd Street
13,844 SF
(Investment property; space available for owner occupant)
806.793.0888
33,870 SF
(4 building complex w/overhead doors - offices - 6.12 acres)
$850,000 (8.9% CAP)
www.CBCLubbock.com
For Lease
4257 34th Street
1,056 SF
( High-traffic intersection – 5 year lease )
$3,000 per month
www.CBCWorldWide.com
35
COMMERCIAL PROPERTIES
RECENT TRANSACTIONS
RETAIL SPACE
RETAIL BLDG. For Sale
For Sale
LD
SO
306 23rd Street, Canyon, TX
1,640 SF
(1 block from West Texas A&M University)
3202 N 1st St. Abilene, TX
$425,000 (9.53% CAP)
Coldwell Banker Commercial represented the Seller in the disposition of a 24,414 sq. ft. garden office tract of land at 6121 79th Street.
SHOPPING CTR.
47,420 SF
( 100% Leased Shopping Center )
$1,208,000 (8.5% CAP)
RETAIL SPACE For Sale
For Sale
LD
SO
5769 Sherwood Way, San Angelo, TX 13,500 SF (Pad site to Sam’s Club; adjacent to Walmart)
6721 S Broadway Ave., Tyler, TX
(Outparcel to Walmart Supercenter)
$4,300,000 (6.5% CAP)
OFFICE SPACE
$2,155,000 (7% CAP)
OFFICE BLDG. For Lease
Coldwell Banker Commercial represented the Seller in the disposition of a 11,954 sq. ft. 2-story office building in the downtown business district at 1120 14th Street.
4,401 SF
For Lease
Pyramid Plaza
LD
SO
Call for Availability
3223 S. Loop 289
(Unique design / multi-level waterfall / glass elevators)
$17.50 PSF (Full Service)
11005 Quaker
4,389 SF
(11 private offices - reception area - quality building)
$15.75 PSF (NNN)
WAREHOUSE
OFFICE SPACE
For Sale For Lease
For Lease
Coldwell Banker Commercial represented the Seller in the disposition of a Family Dollar NNN Investment property at 1654 N 4th Street, David City, NE.
8207 Hudson Ave.
847 SF
(Four suites, central foyer, common area restrooms)
$15.00 PSF (Modified Gross)
806.793.0888
4001 MLK JR. Blvd.
36,965 SF
(Four building mix of office/warehouse on 4.5 Acres)
www.CBCLubbock.com
$900,000 Sales / $8,000 Lease
www.CBCWorldWide.com
COMMERCIAL PROPERTIES OFFICE BLDG.
OFFICE BLDG. For Lease
10615 Quaker Ave
4,853 SF
(Newly constructed - 13 private offices, client waiting area)
$15.75 PSF (NNN)
OFFICE BLDG.
OFFICE SPACE
For Lease
6102 Chicago Ave.
3,127 SF 6306 Iola
(A quality office building - will divide - off-street parking)
$19.00 PSF (Full Service)
4,000 and 4,245 SF
(7-year old freestanding office building with multiple suites)
$12.50 PSF (Mod. Gross)
OFFICE BLDG. For Sale
For Lease
For Sale
New Construction 2138 19th Street
3,386 SF
(Freestanding building with finished out basement)
$199,000
OFFICE BLDG.
6121 79th Street
1,625 – 3,250 SF
(Space can be configured to fit Tenant’s requirements)
$14 PSF (Non-medical) / $17 PSF (Medical)
3610 34th Street
6,100 SF
(Interior gutted - ready for finish-out. Close to medical district.)
For Sale
1303 82nd St.
13,844 SF
(8 bays with overhead doors in rear - Two Vacancies )
$350,000
180,000 SF $1,250,000
OFFICE BLDG.
FLEX SPACE For Sale
400 Wall St., Midland, TX
(High-rise office building in the heart of downtown Midland)
$795,000
For Sale
2333 - 50th Street 15,364 SF (2-story building - former MassMutual building) $1,150,000 Sale
OFFICE SPACE
OFFICE SUITE For Lease
For Lease
New Construction 8709 Milwaukee Ave.
2,499 SF
(New Construction - Garden Office - 2 suites available)
Call Broker
4747 S. Loop 289
8,773 SF
(Extremely desirable and highly visible location)
806.793.0888
$17.00 PSF (Full Service)
www.CBCLubbock.com
www.CBCWorldWide.com
37
COMMERCIAL PROPERTIES
RECENT TRANSACTIONS
OFFICE SPACE
OFFICE SPACE For Lease
For Lease
LD
SO
Coppertree Office 4903 82nd Street
1,629 SF
(Professional office space - excellent parking)
Coldwell Banker Commercial represented the Seller and the Buyer in the disposition of a 7.16 acres of the development land along the rapidly developing Milwaukee Corridor at 66th & Milwaukee.
$16.24 PSF (Modified Gross)
RETAIL SPACE
6310 Genoa
2,100 SF
(Versatile space with multiple offices, reception, break area)
$10 PSF (Modified Gross)
RETAIL SPACE For Lease
For Sale
D SE LEA
3305 83rd Street
4,660 SF
(Former daycare center with fenced outdoor playground)
NWC Indiana Ave & 34th St.
$8.50 PSF (Modified Gross)
$495,000
RETAIL SPACE
D OL
S
OFFICE SPACE For Lease
Coldwell Banker Commercial represented the Landlord and Tenant in leasing 1,800 sq. ft. of office space in the Lakeridge Professional Office Building.
For Lease
South Pointe Office SWC I-27 & 34th St.
2,100–3,500 SF Units
(High profile retail spaces with excellent visibility and traffic)
$6.50–$8.57 PSF (Modified Gross)
OFFICE SPACE
2034 82nd Street
526 SF / 704 SF
(8-building office park - common conference room)
$16.54-$16.64 PSF (Full Service)
RETAIL SPACE For Lease
Coldwell Banker Commercial represented the Seller and Buyer in the disposition and acquisition of a 8,426 sq. ft. of warehouse/ office space at 1112 NE Loop 289.
3,158 SF
(Close proximity to medical district and Texas Tech)
For Lease
The Hub Shopping Center 1212 13th Street
558-7,123 SF
( Three story office building in a prime downtown location.)
$13 PSF (Full Service)
806.793.0888
7320 Milwaukee Ave.
1,600 - 4,137 SF
(NEW CENTER - storefront space - Milwaukee Corridor)
www.CBCLubbock.com
$24 - $28 PSF (NNN)
www.CBCWorldWide.com
COMMERCIAL PROPERTIES OFFICE BLDG.
OFFICE SPACE For Sale
For Lease
COMMERCIAL REAL ESTATE
La r eO eAa s N S y a t 1615 - 28th Street
5,299 SF
(Currently MHMR Support System Office - 2 story w/basement)
4702-4716 67th St
PROSPERITY BANK
(5 Office Spaces - Great visibility on South Loop 289)
$14.44 - $18.33 PSF
$148,000
OFFICE BLDG.
1,080 SF
RETAIL SPACE For Sale
For Lease
DAN LEWIS
Senior Vice President 1409 9th Street
96,836 SF
(Former hospital in Lubbock’s central business district)
1619 University Avenue
$15.00 PSF (Modified Gross)
$2,950,000
OFFICE SUITE
1,100 SF
(Retail showroom suitable for multiple uses)
OFFICE SPACE For Lease
8705 Milwaukee Avenue
1,883 SF
(Newly constructed professional office, private entrance)
$18.00 PSF (NNN)
For Lease
3305 83rd Street
Senior Vice President
CLAY LEAVERTON Executive Vice President
4,660 SF
(Former daycare center with fenced outdoor playground)
$12.88 PSF (NNN)
RETAIL BLDG.
OFFICE BLDG.
For Sale
For Sale
1635 19th St
STEVE JONES
6,880 SF
(Two story office with open areas for warehouse and storage)
604 Avenue H, Levelland, TX
7,500 SF
(Spacious retail building located on the courthouse square)
$275,000
806.793.0888
$129,900
www.CBCLubbock.com
806-767-7000
ProsperityBankUSA.com
www.CBCWorldWide.com
39
COMMERCIAL PROPERTIES
RECENT TRANSACTIONS
CHURCH
RETAIL BLDG. For Lease
For Sale ED
AS
LE
4308 58th
11,787 SF
(240+ seat sanctuary - Large fellowship hall - gym)
Coldwell Banker Commercial represented the Landord and Tenant in leasing 2,976 sq. ft. of office space fronting South Loop 289.
$885,000
WAREHOUSE
4337 50th Street
2,203 SF
(Hard Corner Location - 2 Miles from Texas Tech) Call Broker
WRHSE./OFFICE For Lease
For Lease
LD
SO
2412 Highway 214, Denver City, TX 10,250 SF (4 overhead grade-level doors - office area - fenced stack lot.)
$3,500 /Month
FLEX SPACE
16,750 SF
(3 building industrial complex with office space and scale)
$3,875 /Month
RETAIL BLDG. For Lease
Coldwell Banker Commercial represented both the Buyer and Seller in the disposition and acquisition of 26,093 sq. ft. office building.
D SE LEA
125 N. 22nd Street, Lamesa, TX
For Sale
San Angelo, Texas 7805 CR 7050
1,500 & 3,000 SF Units
(6 flex space units with office & overhead door in each)
$515-1,030 per month
WAREHOUSE
5769 Sherwood Way
13,500 SF
(Prime Retail Corridor - 100% Leased Shopping Center) Call Broker
WRHSE./OFFICE For Sale or Lease
Under Contract
Coldwell Banker Commercial represented the Landord in leasing 3,152 sq. ft. of retail space in The HUB Shopping Center. 302 Ave O
48,934 SF
(Large Facility / Two 3-ton cranes and one 7-ton crane)
Contact broker for details
806.793.0888
2401 NE Loop 289
77,400 SF
(On 9.28 Acres / 9 dock high doors and 2 OH doors)
www.CBCLubbock.com
$2,400,000
www.CBCWorldWide.com
COMMERCIAL PROPERTIES WRHSE./OFFICE
WAREHOUSE For Lease
2212 Clovis Rd
10,963 SF
(Showroom and office space with two large warehouse spaces)
$4 PSF (NNN)
WAREHOUSE
For Lease For Sale
502 Erskine Street
$550 per month
OFFICE SPACE For Sale
714 34th St
30,275 SF
(Investment Opportunity, Net Leased Property)
Contact Broker for pricing
WAREHOUSE
For Lease
4505 82nd St
3,100 SF
(Lobby, business office, multiple exam rooms/offices)
$12.50 PSF (Modified Gross)
OFFICE SUITES For Lease
1561 Highway 82, Plains, TX
15,780 SF
(Two warehouses with one having office space and a showroom)
$2.02 PSF (NNN)
For Lease
6805 82nd Street
638 - 2,550 SF Units
(Garden office development with shared conference)
$19.00 - 23.00 PSF
RETAIL SPACE
ASSISTED LIVING
For Sale
Near Wolfforth, TX
2,520 SF
(Large fenced stack lot - OH & large sliding door)
5,038 SF
(16-bed assisted living facility; ADA compliant)
$749,950 (18% CAP)
For Lease
1625 University Avenue
2,875 SF
(Great restaurant property across from Texas Tech) $19.50 PSF / Year (NNN)
806.793.0888
www.CBCLubbock.com
www.CBCWorldWide.com
41
DEVELOPMENT LAND 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
SEC 66th & Alcove 8805 Wausau Ave
74.059 Acres $17,000/AC 12.068 Acres $1.10 per SF 5200 N. Loop 289 0.86 - 1.52 Acres $14.00 per SF 3402 Itasca 2.48 Acres $170,000 101 Slide Road 2.41 Acres $16.00 per SF 201 Slide Road 0.937 Acres $16.00 per SF 712 N. Frankford Ave. 3.352 Acres $6.00 per SF 58th & HWY 84 1.25 – 1.54 AC Tracts $2-2.25 per SF 6802 82nd Street 2.405 Acres $12.00 per SF 7408 FM 179, Wolfforth 4.75 Acres $775,000 7708 Milwaukee Ave. 1 Acre Build-to-Suit or Ground Lease 71st & Kewanee Ave. 10 Acres $3.50 per SF 6600 - 66th Street 6.11 Acres $6.00 per SF 6700 - 66th Street 3.91 Acres $6.00 per SF 7221 Brownfield Hwy. 3.23 Acres $13.00 per SF 6900 Milwaukee Ave. 1.00 Acre $10.50 per SF 7000 & Milwaukee Ave. 2.12 Acres $16.00 per SF SWC 66th & Iola 16.2 Acres $5.00 per SF NWC FM 1585 & University 10 Acres $995,000 6400 - 74th Street 5.71 Acres $6.00 per SF 4337 50th 2,203 SF Building + 21,000 SF Lot Call Broker 6621 - 98th Street 5.0 Acres $1.15 per SF 5322 FM 1585 17.0 Acres $2.50 per SF 52nd Street & Gary Ave. 1.88 Acres $470,000 FM 179 & Erskine 1.5–15 Acres $100,000–149,000 1520 Avenue Q 24,338 SF $10.46 per SF NWC N. Loop & Slide Rd. 22 Acres $4.85 per SF NWC N. Loop & 4th St. 2.46 Acres $8.00 per SF 12301 Slide Road 3.67 Acres $8.00 per SF
30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59
505 - 33rd Street 1.88 Acres $1.53 per SF N. Milwaukee & CR 6300 8.278 Acres $200,000 NEC Ursuline & North Guava 160 Acres $3,500 per Acre 4101 Adrian Street 30 Acres Call Broker 6109 - 82nd Street 26,501 SF $15.09 per SF 6219 - 79th Street 3.49 Acres $5.25 per SF SEC of 34th Street & MLK 5.77 Acres $135,000 NWC FM 179 & D. Preston Dr.
0.804 Acres
$630,000 SWC Indiana & FM 1585 2 Acres Call Broker SWC I-27 & 19th St. 1.812 Acres $14.00 per SF or Build-to-Suit SWC M.S. Frwy & W. Loop 4 Acres $12.95 per SF SWC 66th St. & Iola Ave. 16.2 Acres $5.00 per SF SWC Quaker & 114th 1.21–2.39 Acres $3.50 - $18.00 per SF SWC 98th Street & Alcove 123 Acres $11,000 per Acre 9101 Milwaukee 25,000 SF and above $7.25 per SF 6305 82nd St. 0.86–1.00 Acre $12.50–13.50 per SF 7708 Milwaukee 1.00 Acre (Build-to-Suit) Call Broker 8603 University 1.07 Acres $9.63 per SF Upland Ave. & 146th St. 541.6 Acres $8,500 per Acre 5309 - 50th Street 1.22 Acres $10.75 per SF 2nd & Milwaukee 10 Acres $479,160 5129 - 69th Street 21,418 SF $9.34 per SF 9301 CR 7100, Wolfforth 353.448 Acres $12,000 per Acre 3215 E. Slaton Hwy. 1.58 Acres $2.18 per SF 310 Avenue K 40,925 SF $1.22 per SF 5802 Erskine Street Lots Available Call Broker NWC 122nd & Quaker 7.4 SF $2.75 per SF
806.793.0888
60 61 62 63 64 65 66
409 Main, Wolfforth 22,750 SF $80,000 US 84 & Ave. L, Shallowater 8.39 Acres $29,000 per Acre 1701 E. 46th Street 2.48 Acres $1.11 per SF 10401 Slide Road 2.22 Acres $8.27 per SF 10609 Slide Road 2.68 Acres $6.00 per SF 62nd Street & Kirby Ave. 2.98 Acres $8.00 per SF 62nd Street & Ironton Ave. 6.71 Acres $8.00 per SF
3 Acres
$10.00 per SF 2504 - 98th Street 3.5 Acres $4.95 per SF SEC 19th St. & FM 179 5.406 Acres $4.00 per SF SWC 67th St & Milwaukee
806.793.0888
Texas 7-11 Properties: CITY: NO. OF LOCATIONS: Abilene, TX 11 Big Spring, TX 1 Brownwood, TX 1 Cisco, TX 1 1 Robert Lee, TX Stanford, TX 1 Wichita Falls, TX 2 Waco, TX: NEC China Spgs & Flat Rock Rd. 3.029 Acres $10.00 per SF Odessa, TX: Highway 385 & I-20 8.5 Acres $495,000 Lovington, NM: 5816 W Stiles Road 3,108 Acres Ranch $2,799,999 Amarillo, TX: 45th & Western 2.18 Acres $10.48 per SF
55
Andrews, TX: 65 SE 1500 RV Park w/ House $800,000 ($73,200 NOI)
WO
Andrews, TX: 1465 SE 501 RV Park w/ House $700,000 ($77,400 NOI) 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 Tract II
2.30 Acres 8.0 Acres
$5.00 per SF $7.00 per SF
Midland, TX: 1403 N. Loop 250
www.CBCLubbock.com
1.50 Acres
Call Broker
www.CBCWorldWide.com
MAP OF LAND FOR SALE
806.793.0888
61
LUBBOCK INTERNATIONAL AIRPORT
4
53 28
27 3
4TH ST.
30
R
MA
27
24
87
62
SLIDE RD.
21
50TH ST.
8
ES
HW
66TH ST.
R.
54
TD
66
36
INTERSTATE
50TH ST.
SPUR 327
LOOP 289
MILWAUKEE AVE.
Y
UT
UPLAND AVE.
19TH ST.
RW
F RP
A
SH
18 1514 44 13 40 16 2012 62 17 82 49 35 11 4865 34 82ND ST. 9
WOLFFORTH, TX
26
SO
FM 179
A SH
52
66TH ST.
82
57
TEXAS TECH UNIVERSITY
5 6
42
43
1
37
32
62
34TH ST.
55
27
LOOP 289
19TH ST.
114
INTERSTATE
MLK BLVD.
SLIDE RD.
33
58 7
4TH ST.
LOOP 289
84
82ND ST.
56
2 47
38
22
46 10
63 64
INTERSTATE
19
UNIVERSITY AVE.
SLIDE RD.
41
UPLAND AVE.
114TH ST.
87
29 23
FRANKFORD AVE.
WOODROW RD.
Amarillo, TX: Coulter St. & Hillside Rd. 45 59
FM 1585
51
98TH ST.
27
114TH ST.
146TH ST.
50
MLK BLVD.
98TH ST.
INDIANA AVE.
60
QUAKER AVE.
39
FRANKFORD AVE.
MILWAUKEE AVE.
UPLAND AVE. ERSKINE ST.
UNIVERSITY AVE.
84
31
25
QUAKER AVE.
2641
FM 1585
146TH ST.
WOODROW RD.
© 2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.
806.793.0888
www.CBCLubbock.com
www.CBCWorldWide.com
43
PRESORTED STANDARD US POSTAGE PAID LUBBOCK, TX PERMIT NO. 613
RICK CANUP, REALTORS®
4924 S. Loop 289 Lubbock, TX 79414 www.CBCLubbock.com
CHANGE SERVICE REQUESTED
Scott Womack
806.784.3265
Rick Canup, CCIM
806.784.3204
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 $210,000,000 and has leased over 2,200,000 sq. ft. of office and retail space. Currently responsible for the management or leasing of over 450,000 sq. ft. of commercial properties.
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.
Taylor Tucker, CCIM
Beau Tucker, CCIM
806.784.3260
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 including site selection and development opportunities for 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. The #3 CBC overall agent worldwide for 2014.
Chase Tucker
Eric Eberhardt
806.784.3268
806.784.3239
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 67,000 total units and approximately 400 property owners.
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.
Jef Conn, CCIM
Jordan Wood
806.784.3216
806.784.3224
Certified Commercial Investment Member (CCIM). Specializing in Industrial and Office Brokerage and Leasing. Maintains a database of over 2,200 Industrial properties representing over 50,000,000 sq. ft. of space and approximately 3,500 owners and investors. Member of the Coldwell Banker Commercial Industrial Group. Graduate of Texas Tech Rawls College of Business.
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.
Nick Eyhorn, CCIM
Parker Carroll, CCIM
806.784.3215
512.382.5564
Specializing in all aspects of Office, Industrial, and Investment Brokerage. A Graduate of Texas Tech University Rawls College of Business. Certified Commercial Investment Member (CCIM). Focused on helping clients achieve their real estate goals.
AUSTIN, TX OFFICE
Alex Eberhardt
Ethan Offenbecher, CCIM 512.382.5564
806.784.3258
Specializes in Investment Brokerage. Member of International Council of Shopping Centers (ICSC) and a RECON attendee. Member of Coldwell Banker Commercial Investment Group. Graduate from Texas Tech University Rawls College of Business with a degree in Marketing.
Specializing in all aspects of net leased investments and shopping center brokerage. A graduate of Texas Tech University’s Rawls College of Business. Certified Commercial Investment Member (CCIM), Member of the International Council of Shopping Centers (ICSC). Recently closed over $120,000,000 in transactions.
AUSTIN, TX OFFICE 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.