Lubbock Market Overview . . . 2011
Summary Of Key Economic Indicators SECTOR
The following are excerpts from the 2011 Blosser Report - Prepared by Blosser Appraisal, a division of the Gerald A. Teel Co., Inc.
• Through year-end 2011, new apartment permits were up 47% over the 2010 new units of 545, which had been 140% increase from the 226 new units posted in 2009.
TREND
• The average home price in 2011 of $147,240 is a good 2.5% increase over the average house price for 2010 as computed by the local Multiple Listing Service posted sales.
Apartment Occupancy
• In 2009, we saw commercial construction values drop to $63.1 million, which was down from $129.3 million in 2008. The 2010 figures totaled $85.5 million or a 36% increase from the 2009 total. The 2011 figures showed a decrease of 16% from the 2010 numbers, but is an increase of 13.3% over 2009.
Retail Occupancy
• The annual average unemployment rate in 2011 for Lubbock remained stable at 6.2%, which is still up from the 2009 average of 5.4%.. However, this compares favorably to the average 2011 statewide unemployment rate of 8.1% and national average 2011 unemployment rate of 9.0%.
Office Occupancy
• Year end 2008 retail sales for Lubbock peaked at a six-year climb to $4.4 billion. The year-end 2009 retail sales figure showed a decrease of 6.5% from 2008 to $4.15 billion. The 2010 retail sales figures indicated an increase back to the $4.47 billion range and the annualized 2011 sales indicate an all time high in retail sales. However, this is based on only the first two quarters of 2011. • Moody’s Economy.com November 2011 Lubbock economic outlook stated: “Supported by gains in payroll employment, income growth will continue to pay dividends for services. Rising incomes coupled with low debt burdens provide residents with extra cash to spend. Increasing enrollment at TTU also supports retail. Lubbock is a college town, and retail and leisure/hospitality account for nearly one-fourth of all jobs. The Texas Comptroller of Public Accounts reported retail sales growth of more than 9% for the year through the second quarter, slightly below the state growth of 10.5%”
Employment
Retail Sales
• Moody’s Economy.com November 2011 Lubbock economic outlook also stated: “Texas Tech University is not expected to be a driver for the labor market in the near term. State budget cuts led to a $1.4 billion budget for the Texas Tech University System, less than a 1% increase from the previous year. The Lubbock campus budget rose 4%, while budgets for the system’s other campuses dropped $14 million. Further cuts at the Lubbock campus were prevented by increasing tuition and fees and classroom size. The universities will play a larger role in the economy once state fiscal conditions improve. TTU is in the second year of its tier one process. Tier one universities generally have annual research expenditures of more than $100 million, with substantial amounts of funding from outside sources. In 2009, research expenditures at TTU totaled $88 million.
Single-Family Permits
MLS Homes Sales
• Moody’s Economy.com November 2011 Lubbock economic outlook further stated: “Lubbock’s recovery is strengthening further, as payrolls have surpassed their prerecession peak. With nearly every industry gaining jobs, incomes are growing. Rising incomes and a rising student population are supporting hiring in retail and leisure/hospitality.”
Average Home Price
Overall, Lubbock has weathered the national downturn better than some other areas of the State as most indicators of the economy are stable, with the exception of the local office market. The slowed construction over the past two years is considered a positive factor in that the market has not overbuilt. The year ahead is anticipated to be another good year for the multi-family market as student population at Tech is anticipated to continue to grow providing adequate demand for the new units coming on-line in 2012 while providing additional demand in the market.
General Commercial Construction
Contact: Rick Canup, CCIM For a full Blosser Report:
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Owner/Broker / 806.784.3204 direct E-mail at RCanup@CBCWorldWide.com
Lubbock Office Market . . . 2011 The following are excerpts from the 2011 Blosser Report - Prepared by Blosser Appraisal, a division of the Gerald A. Teel Co., Inc.
The Lubbock office market continues with steady improvements over 2010 numbers were made as we wrapped up 2011. Strong demand has lead asking rents to increase from $15.06/SF up to $15.47, as notated in the two previous Blosser Reports. The same story goes for medical office buildings. According to the Blosser Report, “the medical office market has improved in the medical center area since year-end 2010”. A key determining factor on whether we have a healthy market is to look at how much space is absorbed in a given year. A net positive absorption rate shows an increase in spaces being leases while a net negative absorption rate shows that more space came on the market than was leased by tenants. According to the CoStar 4Q2011 report, Lubbock showed a net positive absorption of 97,586 SF.
Coldwell Banker Commercial represented the Landlord and the Tenant in leasing 2,272 SF of space in a new office building in southwest Lubbock.
“Both these key factors show that the Lubbock Office Market is continuing to show its strength” says Jef Conn, Office and Industrial specialist with Coldwell Banker Commercial. “Many firms are expanding and relocating during this time, causing an increase for the office demand. This is especially true in the southwest Lubbock market but holds true across all parts of the city”.
Coldwell Banker Commercial represented the Landlord in leasing 3,924 SF of professional office space in Pyramid Plaza Office Building.
An added factor to the demand for office space can be found when looking at the unemployment rate for Lubbock. According to the US Bureau of Labor Statistics, Lubbock’s unemployment rate at the end of 2011 was 5.3%. This compares with the 7.4% unemployment in Texas as, and 8.3% for the United States as a whole. Lower unemployment rates shown here in the chart means more people are working, increasing the demand for office space (see chart below).
2012 has already proven that demand for office space in continuing to be strong. Conn believes that this trend will continue as the overall national economy continues to improve while Lubbock’s economy continues to fare better than most places across the country.
Coldwell Banker Commercial represented the Landlord and Tenant in leasing 2,521 SF of office space in Sonoma Plaza Center.
Contact: Jef Conn, CCIM Investment / Office Specialist / 806.784.3216 direct For a full Blosser Report: E-mail at JConn@CBCWorldWide.com
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Lubbock Conventional Apartment Market . . . 2011 The following are excerpts from the 2011 Blosser Report - Prepared by Blosser Appraisal, a division of the Gerald A. Teel Co., Inc.
For the 2011 report, we looked at a very similar sample set as compared to 2010. Overbuilding is not an issue currently, with the bulk of recent activity oriented primarily to Texas Tech students and north of the main campus. The 2011 survey includes 102 apartment communities with 13,362 units. The market has witnessed a strong upswing from 2009 to 2010. New conventional construction has been limited over the past two years but there are now units under construction The past year has seen positive absorption and a downturn in vacancy from 7.6% in 2010 to 6.9% for 2011. The historical vacancy chart illustrates the Lubbock supply-demand curve in dramatic fashion. Lubbock Apartment Market Vacancy History 14%
Percent Vacant
Coldwell Banker Commercial represented the Landlord and Tenant in leasing a 3,158 SF store-front retail space in North Indiana Gardens.
12% 10% 8% 6% 4% 2%
Vacancy
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 7.7% 4.9% 4.5% 9.7% 11.3% 13% 12.1% 11.3% 10.1% 7.6% 6.9%
Age and vacancy also have a certain correlation illustrated below. Construction Period >2000 1990’s 1980’s 1970’s <1970 Occupancy Rate 94% 94% 94% 92% 92%
We attribute much of the market improvement to the significant growth of Texas Tech enrollment over the past three years. As can be seen in the Student Housing Section of this report, enrollment ranged from a low of 24,558 in 2000 to a short term peak of 28,620 in 2007. It dropped slightly in 2008 before escalating to 30,049 in 2009 and increasing to 32,327 in the fall 2011 semester. The school is making an effort to achieve Tier One status as well as to increase enrollment to 40,000 by 2020. If the current growth continues at a similar pace, an influx of approximately 800 students annually is projected over the next five years.
Coldwell Banker Commercial represented the Landlord and Tenant in leasing a 1,980 SF office/warehouse building.
The 6-year rental rate history chart is based on our interviews with managers for an unfurnished unit where tenants pay extra for energy expense.
Year 1 Bedroom 2 Bedroom 3 Bedroom 2006 $480 $590 $769 2007 $481 $602 $787 2008 $518 $650 $805 2009 $536 $654 $887 The following bullet points summarize the 2010 $539 $665 $890 foregoing as well as provide additional data. 2011 $551 $703 $883
• • • • •
Coldwell Banker Commercial represented the Landlord in leasing 8,668 SF of store-front retail space in Salem Village Annex.
Improving market 939 units vacant (7% vacancy) 13,362 units (102 communities) surveyed 250 new units delivered on Slide Rd., North of N. Loop 289 & S. of Erskine (Renaissance) Two additional projects under construction on Milwaukee - scheduled for completion in 2012
The Takeaway: As stated in the 2010 Blosser Report, vacancies are continuing to decrease at a pace significantly higher than the past few years while rents are also increasing, minimal concessions are still in use and the new product coming on line is primarily along Milwaukee. With continued growth of Texas Tech, the market is poised to further improve in the near term until new development follows pace with the student enrollment. Contact: Taylor Tucker, CCIM Multi-Family Specialist / 806.784.3260 direct For a full Blosser Report: E-mail at TTucker@CBCWorldWide.com
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Lubbock Student Housing Market . . . 2011 The following are excerpts from the 2011 Blosser Report - Prepared by Blosser Appraisal, a division of the Gerald A. Teel Co., Inc.
It is now the fourth year for the Blosser Report to include student housing. Changes were seen from the prior year. The university has increased enrollment to a new record and more beds were brought into service. Graph illustrates the enrollment trend at Texas Tech University over the last 11 years. 32,327 31,637 30,049
28,325
28,001
28,422
27,996
11 20
10 20
09 20
08 20
07 20
06 20
05 20
04 20
20
03
25,573
02
20
28,620
28,549 27,569
01
Coldwell Banker Commercial represented the Seller in the disposition of the 6,400 SF Mall View Office Building in southwest Lubbock.
Texas Tech University Enrollment
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33,000 32,000 31,000 30,000 29,000 28,000 27,000 26,000 25,000
Texas Tech University fall 2011 enrollment was 32,327, surpassing the prior record of 31,637 set just one year earlier in the fall 2010 semester. The university policy is that all students with less than 30 eligible credit hours, at the time they enroll, must live on campus. In 2011, there were 4,466 freshmen (another record) leaving 27,861 students eligible for off-campus housing (excludes applicable exemptions). The most recent addition of on-campus beds was in 2005 when the university built Murray Hall, which has 500 beds. In May, 2011, the university broke ground on an additional 516 bed dormitory at the corner of Boston and 18th Street with completion anticipated by the fall 2012 semester. This would bring the total on campus bed count to around 7,000. The Lubbock market is served by a number of projects, and those surveyed for this study are summarized below.
Coldwell Banker Commercial represented the Seller and Buyer in the disposition and acquisition of a 1.22 acre site with a 3,200 SF sales office to a local automobile dealership.
The following data is based on the rental rates for the 15 communities and the occupancy rates for the 15 stabilized communities. There will be one project opening in 2012 and their units and beds are added to the 2012 column. 2009 2010 2011 2012
Total Communities 12 13 15 16 Total Units 2,753 2,954 3,582 3,745 Total Beds 6,774 7,714 9,690 10,302 Average Occupancy* 91.9% 97.7% 96.3% n/a Average Mo. Rent/SF $1.23 $1.27 $1.32 n/a *Occupancy is calculated on a weighted per bed basis
Summary The Lubbock student market has supported the addition of more beds thus far. Additional development will come on-line in 2012.
Coldwell Banker Commercial represented the Landlord in leasing a 2,073 SF office space in Chicago Court near South Plain Mall..
Community
Yr Blt. Units Beds
University Trails 2003 240 684 Raiders Pass 2001 264 828 University Pointe 2003 204 696 Centre at Overton Park 2005 275 393 University Fountains 2005 228 648 University Courtyard 2005 288 864 The Grove 2008 192 504 ULofts 2007 175 208 Gateway at Lubbock 2005 264 744 The Edge 2009 205 280 Cottages of Lubbock 2009 239 842 The Reserve on Frankford 1997 243 737 The Suites at Overton Park 2008 298 847 Twenty Five 20 2011 249 562 The Retreat at Lubbock 2011 218 853 Stabilized Totals 3,582 9,690 Opening in 2012 Village at Overton Park 2012 163 612 Total Supply 3,745 10,302
Based on year-end 2011 numbers, demand continued to keep pace with supply, as occupancy rates average 96% and rents increased from 2010 to 2011 by 3.9%. The 1,128 beds being added in 2012 will help in alleviating the tight market, although the enrollment at Texas Tech continues to grow. Contact: Taylor Tucker, CCIM Multi-Family Specialist / 806.784.3260 direct For a full Blosser Report: E-mail at TTucker@CBCWorldWide.com
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Lubbock Retail Market . . . 2011 The retail market in Lubbock continues to show steady improvement, with 2011 retail sales in Lubbock county on the verge of returning to pre-recession 2008 levels, according to the December 22, 2011 Lubbock Economic Index produced in cooperation with Lubbock National Bank and Ingham Economic Reporting. Retail spending through November 2011 was up 3.3% over the prior year and the YTD sales were down only a mere .3% compared to the same time period in 2008. Increasing retail sales certainly have helped the performance of shopping centers in Lubbock. According to the 2011 Year End Blosser Report, an annual review of conditions in the Lubbock commercial real estate market published by Gerald A. Teel Co., Inc., Lubbock shopping centers had a weighted overall vacancy of 11.57% in 2011 as compared to 14.2% in 2010 and 14.8% in 2009. The 2011 Blosser Report compiled data on 60 projects with just over 2.5 million square feet of space, but does not include numerous freestanding and big box buildings. Coldwell Banker Commercial represented the Seller in the disposition of two flex buildings, representing 27,402 SF, in southwest Lubbock.
Additionally, Lubbock retail space is commanding higher rents when compared to prior years. According to the Blosser Report, “the overall average rental rate for 2011 is significantly higher at $15.27 per square foot as compared to the 2010 weighted average of $14.27 per sq. ft.” The majority of the quoted rental rates in the market are triple net (NNN), whereby the tenant pays for their prorated portion of operating expenses. Lubbock Retail Market Vacancy History 20% 18%
Percent Vacant
16%
Coldwell Banker Commercial represented the Seller in the disposition of a .80 acre tract of prime development land in front of a recently built WalMart Supercenter.
14% 12% 10% 8% 6% 4%
Simple Vacancy Weighted Avg.
2001
2002
2003
2004
2005
2006
2007
15.4% -
11.5% -
9.3% -
10.7% -
11.2% -
11.7% -
13.4% 13.4% 12.4%
2008
2009
2010
2011
13.4% 14.8%
17.5% 14.2%
14.0% 11.6%
This news bodes well for the health of the retail shopping centers. According to Scott Womack, office and retail leasing and brokerage specialist for Coldwell Banker Commercial, “Not only have we seen increasing occupancy rates in our shopping centers, numerous big boxes have been re-tenanted in the past 12 months and smaller freestanding buildings such as video stores that closed in the past couple of years have either sold or leased and are being redeveloped for alternative uses.” Womack continues with his thoughts on the market in 2012, “Existing shopping centers that are welllocated will continue to fill with tenants. Additional development will occur along the Milwaukee corridor between Marsha Sharp Freeway and 82nd Street, with the majority of the development related to food-service use and owner-occupied retail. There will be ‘spot development’ of centers in areas that are rapidly growing or underserved, such as northwest Lubbock, but I don’t see any major projects in the pipeline in the next year.”
Coldwell Banker Commercial represented the Landlord and Tenant in leasing 1,054 SF of office space in South Pointe Business Park.
Contact Scott Womack at 806.784.3265 to discuss your leasing, brokerage or management needs. Contact: Scott Womack For a full Blosser Report:
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Retail & Office Brokerage & Leasing Specialist / 806.784.3265 direct E-mail at SWomack@CBCWorldWide.com
Lubbock Industrial Market . . . 2011 “Slow and Steady wins the race” has been the story for the Lubbock Industrial market over 2011 according to Jef Conn, Industrial & Office specialist with Coldwell Banker Commercial. According to the CoStar Industrial report, Lubbock’s Industrial vacancy stands at an extremely low 3.7% compared to a national average of 9.5%. “We did not face the ups and downs that many parts of the country, especially the east and west coasts faced over the last few years” says Conn.
Coldwell Banker Commercial represented the Seller and Buyer in the disposition and acquisition of a 5,000 SF office building in southcentral Lubbock.
Lower than normal precipitation in 2011 did more than yield lower cotton production for some ginners while others surprisingly saw “higher than average” yields according to Scott Dykowski, Lubbock Avalanche Journal. The lack of rain actually increased the speed to market for many of the ginners and area farmers were able to hedge some off their losses by capitalizing on higher prices. Lubbock usually sees 4.2 million bales of cotton produced according to the Plains Cotton Growers. 2011 ended up at just 2 million bales, thus raising prices. Lubbock fared extremely well despite the cotton growers needing less space than usual.
Coldwell Banker Commercial represented the Seller and Buyer in the disposition and acquisition of 141 acres of development land.
2012 Forecast: Lubbock is 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. Fracking, the process of using pressurized fluid to open reserves is on its way to Lubbock. As fracking is continuing to be explored in Lubbock and the surrounding areas, companies will continue to need space for their companies. This should cause an even stronger demand for the Industrial space currently in Lubbock. Likely, new construction will be needed to continue the growth for these companies.
Coldwell Banker Commercial represented the Seller in the disposition of a 12 acre multifamily tract for the new Tuscany Park Apartments.
Contact Jef Conn, MBA, CCIM at 806.784.3216 to discuss your Industrial leasing and brokerage needs.
Contact: Jef Conn, CCIM Investment / Industrial Specialist / 806.784.3216 direct For a full Blosser Report: E-mail at JConn@CBCWorldWide.com
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3432 - 34TH STREET
7310 SLIDE ROAD
Just Leased
North Indiana Gardens
Just Leased
Professional Office Space
Represented the Landlord and the Tenant in leasing 3,158 square feet of store-front retail space at 34th Street and Indiana Avenue.
Represented the Landlord and the Tenant in leasing 2,272 square feet of office space in a new professional office building in southwest Lubbock.
6006 - 82ND STREET
4621 S. LOOP 289
Just Leased
Just Leased
Sonoma Plaza Center
Salem Village Annex
Represented the Landlord and the Tenant in leasing a 2,521 square foot office space in Sonoma Plaza Center in southwest Lubbock.
Represented the Landlord in leasing a 8,668 square foot store-front retail space in Salem Village Annex fronting S. Loop 289.
Just Sold
L-2 AUTO 6202 MILWAUKEE AVE. Coldwell Banker Commercial represented the Seller and the Buyer in the acquisition and disposition of a state-of-the-art 29,212 SF automotive dealership. The property featured a modern showroom, offices, a large service center, and a 2-bay oil change.
Former L-2 Auto
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5502 - 58TH STREET
5313 - 50TH STREET
Just Leased
Just Sold
Mall View Office Park
Chicago Court
Represented the Seller in the disposition of a 6,400 square foot office building in southwest Lubbock.
Represented the Landlord in leasing a 2,073 square foot office space in Chicago Court in west Lubbock near South Plains Mall.
2032 - 82ND STREET
NWC OF 82ND & MILWAUKEE AVE. Just Sold
Just Leased
South Pointe Office Park
Mighty Wash Car Wash
Represented the Landlord and the Tenant in leasing a 1,054 square foot office space in South Pointe Business Park.
Represented the Buyer in the acquisition of a 1.3 acre site for a new Mighty Wash car wash facility.
FREESTANDING RETAIL 5001 - 50TH STREET
Just Sold
Coldwell Banker Commercial represented the Buyer in the acquisition of a 65,488 SF freestanding building that was a former Hastings.
Former Hastings
9
2602 - 50TH STREET
76TH STREET & MILWAUKEE AVE. Just Sold
Just Sold
Retail / Office Building
Development Land
Represented the Seller and the Buyer in the disposition and acquisition of a 5,000 square foot office building on 50th Street west of University Avenue.
Represented the Seller and the Buyer in the disposition and acquisition of a 2.645 acre development tract along the new Milwaukee corridor.
4903 - 82ND STREET
2909 INTERSTATE 27
Just Leased
Just Sold
Lakeridge Professional Office
Office / Warehouse
Represented the Landlord in leasing 3,153 square foot of office space in Lakeridge Professional Office Building.
Represented the Seller and the Buyer in the disposition and acquisition of a 1,920 square foot office / warehouse fronting Interstate 27.
Just Sold
5901 - 63RD STREET 6310 GENOA AVENUE Coldwell Banker Commercial represented the Seller and Buyer in the acquisition and disposition of two flex buildings in southwest Lubbock representing a total of 27,402 square feet. Properties features office space and warehouse space with overhead doors.
Office / Warehouse Buildings
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3223 S. LOOP 289
3501 GLOBE AVE.
Just Leased
Just Leased
Office / Warehouse
Pyramid Plaza Office Building
Represented the Landlord and Tenant in leasing a 1,980 square foot office/warehouse.
Represented the Landlord in the leasing of 3,924 square feet of office space in Pyramid Plaza Office Building fronting S. Loop 289.
3402 E. 4TH STREET
5721 FRANKFORD AVE. Just Sold
Just Sold
Development Land
Automotive Sales Facility
Represented the Seller and the Buyer in the disposition and acquisition of 141 acres of development land..
Represented the Seller and the Buyer in the disposition and the acquisition of a 1.22 acre site with a 3,400 square foot sales office to a local automobile dealership.
6311 - 82ND STREET
Just Sold
Represented the Seller in the disposition of a 0.80 acre tract of prime development land in front of a recently built Wal-Mart Supercenter in southwest Lubbock. A new Panda Express restaurant has been built on the site.
Prime Development Land
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6802 SLIDE ROAD
73RD STREET & MILWAUKEE AVE.
Just Leased
Just Sold
South Plains Crossing
Tuscany Park Apartments
Represented the Landlord & Tenant in leasing 1,200 SF of retail space in South Plains Crossing.
Represented the Seller and Buyer in the acquisition and disposition of a 12 acre multi-family tract. Just Leased
2301 N. UNIVERSITY AVE. Coldwell Banker Commercial represented the Tenant in leasing 33,700 square feet of warehouse space to Tire Centers, LLC for a regional tire distribution center.
Michelin Tire Warehouse
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 = â&#x20AC;&#x153;Control Roomâ&#x20AC;? 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: 30 Acres Year Built: 2000 Appraised at: $11,200,000
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SAN ANGELO MARKETPLACE BEST BUY AND ACADEMY SPORTS & OUTDOORS San Angelo, TX
100% Leased To Academy Sports & Outdoors and Best Buy = New Construction - 2005 = 2 National Tenants = Strong Retail Corridor = Assumable, Non-Recourse Loan = $10,888,194 = 7.75% CAP Rate =
ACADEMY SPORTS & OUTDOORS Longview, TX
Directly Across From Regional Mall - Over 600,000 SF (GLA) 10+ Years Remaining on Primary Lease = Absolute NNN Lease = ZERO Landlord responsibilities = 7.028 Acres = $5,387,755 Sales Price = 7.35% CAP Rate = =
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OFFICES AT WOODBURY 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 off 3 offices.
A Quarter Building represents 625 sq. ft. consisting of 2 offices, a reception area, coffee bar and restroom.
Office Office
Office
Office Office
3-5 year term Office $15.75 per SF = Includes utilities Office =
Office
Recept. Copy Lobby
Conf.
Office
Office
Lobby
3-5 year term $16.75 per SF = Includes utilities =
=
Lobby Break Break
Office
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Office
Lobby
Lobby
Lobby
Office
Office Office
Office
The OFFICES AT WOODBURY will feature a center courtyard with upscale landscaping, trellises to courtyard gardens, and a Pavillion.
Office
=
Office
3 year term $17.75 per SF = Includes utilities =
Office
A Half Building represents 1,250 sq. ft. consisting of 4 offices, a reception area, file closet, coffee bar.
Office
Office
Office Lobby
=
Pre-Leasing
Office
The Pavilion will serve 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 tenantâ&#x20AC;&#x2122;s amenity package.
FREESTANDING OFFICE BUILDING
REMODELED OFFICE BUILDING
904 Avenue O
7802 INDIANA AVENUE
For Sale
Quality 3-story office building - Recently Remodeled = Former IBM Training Center - 28,099 Sq. Ft. = Downtown business district location = $2,250,000 Sales Price =
For Lease
SUITE C: 2,963 square foot office suite = 5 private offices - lg. bullpen area - 2 coffee bars = Excellent Indiana Ave. frontage with high visibility = $14.50 PSF (Modified Gross) =
CURRENT MEDICAL OFFICE
VINTAGE MARKET HALL
4412 - 50th Street
12002 Trafalger Avenue
For Sale
Nice well decorated building - currently medical office Multiple office / exam rooms = Large primary office with adjoining reception area = $210,000 Sales Price
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 = $402,159 Sales Price (1,734 SF office suite) = $311,830 Sales Price (1,484 SF office suite)
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NORTH SLIDE SQUARE SHOPPING CENTER NWC of Slide Road and N. Loop 289
Pre-Leasing
89
p2
oo
L N. Road
d
oa
sR
ces
Ac Slide
=
Shopping Center
=
Drive-through
available.
=
Outdoor dining
Slide Road
suites available from: 1,800 - 8,000 SF
area available.
=
Pad Sites avail-
able.
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RIVER CROSSING CENTER
RETAIL STRIP CENTER
6015 - 82nd Street
5044 Frankford
For Lease
Two end-caps available (9,537 SF and 7,083 SF) End cap space suitable for retail or office use = Highly visible location with great traffic flow = Prime 82nd Street frontage = $14.00 PSF (NNN)
For Sale
100% occupied multi-tenant shopping center 32,400 SF of rentable space = Built in 2001 / great frontage along Frankford Ave. = $2,897,797 Sales Price / 8.5% CAP Rate
=
=
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SUNRIDGE CENTER
FREESTANDING RETAIL
9612 Indiana Ave.
3211 - 50th Street
For Lease
Newly Constructed Shopping Center Across from Kohlâ&#x20AC;&#x2122;s Dept. Store - opened 3/2005 = New residential subdivisions under construction = 1,350 SF to 9,217 SF anchor = $14.00 PSF (NNN)
For Lease
Retail store-front space with drive-through window High visibility location fronting 50th Street = Suitable for food service or other retail / office = 2,400 SF = $15.00 PSF (NNN)
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VERMEER EQUIPMENT OF TEXAS
DEA WINDOW AND DOOR
1112 NE LOOP 289
2212 Clovis Road
For Sale or Lease
For Sale
$347,000 Sales Price = 8,406 SF / 5.94 acres (undeveloped 3 acres to east) = Multiple offices and restrooms = 5 grade-level overhead doors - Fenced stack yard =
$715,000 Sales Price / $2.50 -$4.00 PSF Lease = 40,963 SF with security fencing = 10,963 - 18,000 SF available for lease = Office and showroom with 3 large warehouses =
MARINE AUTOMOTIVE & DIESEL
OFFICE / WAREHOUSE
4602 Avenue A
1201 - N. Gary Avenue
For Sale or Lease
$649,500 Sales Price / $2.44 PSF (NNN) Lease 27,025 SF tilt-wall building = Showroom, 3 private offices, and 3 service bays = Second metal building - fully fenced stack yard
For Sale or Lease
$850,000 Sales Price / $1.55 PSF (NNN) Lease 57,880 SF building - entire property fenced = Newly remodeled offices on 1st and 2nd floors = Three buildings - truck well - 11 overhead cranes
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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 â&#x20AC;&#x153;Off-Marketâ&#x20AC;?. Contact us for additional apartments in Texas.
Taylor Tucker, CCIM DIRECT: 806.784.3260 CELL: 806.470.3844 TTucker@CBCWorldwide.com
Rick Canup, CCIM DIRECT: 806.784.3204 CELL: 806.438.8188 RCanup@CBCWorldwide.com
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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
19
NWC OF N. LOOP 289 & SLIDE ROAD
110TH STREET & QUAKER AVE. (Land Lease or Build-to-Suit possible)
37,462 Square Foot Pad 3 (For Sale: $14.00 PSF) Corner 1.52 Acre Pad 2 (Ground Lease: Call Broker) = 37,462 Square Foot Pad 1 (Ground Lease: Call Broker)
1.15 - 2.0 Acres of prime development land Approx. 300 feet fronting Quaker Avenue = $8.75 - $9.50 PSF
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VINTAGE TOWNSHIP COMMERCIAL DEVELOPMENT SITES
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9.08 Acre Corner ($4.75 PSF) = 7.4 Acre Corner ($2.75 PSF) 11.3 Acre Corner ($4.50 PSF) = 0.70 Acre Pad Site ($6.00 PSF)
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Rapidly developing residental area
4206 - 19th Street
1401 UNIVERSITY AVENUE
1.16 Acre tract 220 feet of frontage on 19th Street = Quick access to Texas Tech and downtown Lubbock
Redevelopment / Build-to-Suit - Call Broker 127 feet fronting Texas Tech University = High density student housing area - high traffic flow
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5109 - 82ND STREET
it u S -to e d l i u B bl i s s Po
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= 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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PRIME DEVELOPMENT ALONG THE NEW MILWAUKEE CORRIDOR N
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E
Various Tracts: 1.72 to 19.5 Acres $2.50 PSF to $12.50 PSF
= Between Canyon West & Super Wal-Mart = New Elementary And Middle School
6602 & 6626 - 82ND STREET
6602 - 82nd: 1.938 Acres - $ 17.00 PSF 6626 - 82nd: 4,437 Acres - $8.00 PSF = Rapidly developing 82nd Street location
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Rapidly developing residential Multiple retail developments
6102 - 82ND STREET
45,000 Square Feet $14.00 PSF = Rapidly developing 82nd Street location
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34TH STREET & MILWAUKEE AVE.
87TH STREET & BROWNFIELD HWY.
43.955 Acre tract - Owner will subdivide = Some frontage along Brownfield Highway = $1.50 per SF
31.16 Total Acres of Prime Development Land = Tracts fronting 19th Street & Milwaukee Ave. = $3.50 PSF to $4.50 PSF =
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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 =
301 AVENUE Q
Frontage along Marsha Sharp Frwy. and Avenue Q Near new Wal-Mart Supercenter & national hotels = 2 acres (+/-) = $17.50 PSF = =
23
RETAIL BLDG.
RETAIL BLDG. For Sale or Lease
6202 Milwaukee Ave.
29,212 SF
(Former L-2 Auto / a new state-of-the-art auto dealership)
$4,600,000 Sale / $10.50 PSF (NNN)
Coldwell Banker Commercial represented the Buyer in the acquisition of a NNN Investment property in Lubbock, TX.
RETAIL SPACE
For Sale
5044 Frankford Ave.
32,400 SF
(100% occupied center - excellent southwest location)
$2,897,797 / 8% CAP Rate
RETAIL SPACE
South Plains Crossing
6802 Slide Road
Investment Property
For Lease
1,600 SF to 2,400 SF
(Store-front space in a power center anchored by Hobby Lobby)
$16.00 PSF (NNN)
RETAIL BLDG.
Salem Village Annex.
For Lease
4621 S. Loop 289
3,900 SF
(Store-front space fronting S. Loop 289 frontage road)
$13.00 PSF (NNN)
RETAIL SPACE For Sale
North Park Center
For Lease
Coldwell Banker Commercial represented the Seller in the disposition of a 2,801 SF office building.
4206 - 50th Street
5,920 SF
(Strip center with space available for owner-occupant)
405 Slide Road
$14.00 PSF (NNN)
$240,000
RETAIL SPACE
1,068 - 1,334 - 2,282 SF
(Store-front space in a center anchored by United Supermarket)
RETAIL BLDG. For Lease
For Sale
Coldwell Banker Commercial represented the Landlord in leasing 8,668 SF of retail space in Salem Village Annex. 3416 - 34th Street
880 SF
(Highly visible - major intersection - storefront space)
$10.00 PSF (Modified Gross)
24
103 W. Main Street, Earth, TX
2,800 SF
(Former Dairy Queen restaurant - equipment included)
$125,000
RETAIL SPACE
RETAIL SPACE
River Crossing Center
6015 - 82nd Street
For Lease
7,083 SF - 9,357 SF
(Store-front space in fast growing southwest Lubbock)
$14.00 PSF (NNN)
RETAIL BLDG.
For Lease
6914 - 82nd Street
$14.00 PSF (Modified Gross)
RETAIL BLDG.
10,908 SF
(High visibility - former CVS Pharmacy building)
$10.00 PSF (NNN)
RETAIL SPACE
2,400 SF
$14.00 PSF (NNN)
RETAIL BLDG.
2640 - 34th Street
14,400 SF
(Retail / Office / Showroom - could be divided - good parking)
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
$1,250,000
OFFICE BLDG. For Lease
98th St. & Indiana Ave.
180,000 SF
(High-rise office building in the heart of downtown Midland)
$575,000
1,350 to 9,217 SF
(New storefront space - across Indiana from Kohl’s)
$14.00 PSF (NNN)
For Sale
2333 - 50th Street 15,364 SF (2-story building - former MassMutual building) $1,150,000 Sale
RETAIL BLDG. For Sale
5129 - 69th Street
6306 Iola
OFFICE BLDG.
RETAIL SPACE
(New storefront space - across Indiana from Kohl’s)
For Lease
For Sale
For Lease
3211 - 50th Street
1,337 SF - 2,450 SF
(Space will accommodate wide variety of retail or office uses)
For Sub-Lease
5120 - 34th Street
OFFICE SPACE
1,980 SF
For Sale
1924 Avenue A
384 SF
(An operating oil change facility in southwest Lubbock)
(Fast food business with 1.26 acres for commercial development)
$200,000
$235,000
25
RETAIL SPACE
RETAIL BLDG. For Lease
4206 - 50th; Suite B
1,610 SF
(Two adjoining retail areas with a service counter & office)
$7.00 PSF (NNN)
Coldwell Banker Commercial represented the Landlord in leasing 3,000 SF of office/flex space in southwest Lubbock.
OFFICE BLDG.
For Sale
701 Broadway Ave.
$300,000
OFFICE BLDG. For Sale
1601-1602 Vanda Ave.
8,698 SF
(Office building with several dorm rooms - Appraised $90,000)
Call For Offers
OFFICE BLDG.
4414 Avenue A
13,772 SF
(5 offices with shop/warehouse - grade level overhead door)
$180,000
OFFICE SPACE Pyramid Plaza
For Sale
3610 - 34th Street
6,100 SF
(Interior gutted - ready for finish-out. Close to medical district.)
$350,000 Sale
OFFICE SPACE For Sale
Coldwell Banker Commercial represented the Landlord and Tenant in leasing 6,000 SF of retail space in Mission Plaza.
11,500 SF
(A two-story building in the downtown business district)
South Pointe
For Lease
2034 - 82nd Street
526 SF (8-building office park - common conference room)
$15.75 PSF (Full Service)
OFFICE SUITE For Lease
For Sale
Coldwell Banker Commercial represented the Landlord and Tenant in leasing 2,521 SF of office space in Sonoma Plaza. 3223 S. Loop 289
748 SF - 4,181 SF
(Unique design / multi-level waterfall / glass elevators)
$10.00 PSF - $16.25 PSF (Full Service)
26
12004 Trafalger Ave, Ste. 101
1,504 SF
(Store-front space on 1st floor - Lg. covered porch)
$384,950
OFFICE SPACE
OFFICE SPACE
OFFICE BLDG.
For Lease
7802 Indiana Avenue
2,963 SF
(Recently renovated - 5 offices - lg. bullpen area - 2 coffee bars)
$14.50 PSF (Modified Gross)
OFFICE SPACE
For Sale
2345 - 50th Street
13,772 SF
(Spacious building could be single tenant or multi-tenant)
OFFICE BLDG.
1,612 to 3,224 SF
(Strip center with OH doors now available - build-out)
$8.00 PSF - $9.82 PSF (NNN)
OFFICE BLDG.
3,398 SF
1615 - 28th Street
5,299 SF
(Currently MHMR Support System Office - 2 story w/basement)
$148,000
Pyramid Plaza
3223 S. Loop 289
For Sale or Lease
12004 Trafalger Ave, Ste. 101
1,504 SF
(Store-front space on 1st floor - Lg. covered porch)
$384,950 Sales Price / $3,000 mo. (NNN)
OFFICE SPACE For Lease
12004 Trafalger Ave, Ste. 101
1,504 SF
(Store-front space on 1st floor - Lg. covered porch)
$3,000 mo. (NNN)
$376,500
OFFICE SPACE
$180,000
For Sale
OFFICE SUITE
(2 story building - multiple office spaces - conference room)
13,772 SF
(5 offices with shop/warehouse - grade level overhead door)
OFFICE SUITE
For Sale
2114 Broadway Avenue
4414 Avenue A
$645,000
For Lease
1303 82nd Street
For Sale
For Lease
2034 - 82nd Street
526 SF (8-building office park - common conference room)
$15.75 - $17.80 PSF (Full Service)
OFFICE SPACE For Lease
159 SF
(Executive suites / multi-level waterfall / glass elevators)
$24.00 PSF (Full Service)
For Lease
4747 S. Loop 289
1,998 SF
(Quality space with multiple offices - large conference room)
$16.00 PSF (Full Service)
27
OFFICE SUITE
OFFICE SPACE For Sale
12006 Trafalger Ave, Ste. 201
1,484 SF
(2nd floor space - 6 private offices - full balcony)
NNN Investment
3513 - 50th Street
6,824 SF
(2-tenant building next to Market Street on Indiana & 50th)
$458,311 (9% CAP Rate)
$311,830
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.
OFFICE SPACE
OFFICE SPACE For Lease
2732 - 82nd; Suite A
For Sale
1,823 SF
(Five private offices, large conference room and reception)
$15 PSF (Modified Gross)
OFFICE BLDG.
Coppertree
For Lease
4412 - 74th Street
2,001 SF
(Prof. office space - beautiful landscaping - excellent parking)
$15.50 PSF (Full Service)
OFFICE SPACE For Lease
For Sale
Coldwell Banker Commercial represented the Buyer in the acquisition of a 3,400 SF used car lot facility in southwest Lubbock.
3610 - 34th Street
6,100 SF
(Interior gutted - ready for finish-out. Close to medical district.)
$8.00 PSF (NNN)
OFFICE BLDG.
12002 Trafalger Ave, Ste. 102
1,734 SF
(Store-front space on 1st floor - Lg. covered porch)
$402,150
OFFICE BLDG. For Sale
For Sale
Coldwell Banker Commercial represented the Seller and the Buyer in the disposition and acquisition of a 7,487 SF office/ warehouse. 4412 - 50th Street
2,400 SF
(Very nice building - currently used as medical offices)
$215,000
28
2407 - 20th Street
1,259 SF
(Freestanding building - 3 offices - lg. reception - break area)
$9.00 PSF (Modified Gross)
OFFICE/WRHSE.
WAREHOUSE
WAREHOUSE
For Sale
2806 Avenue A
7,520 SF
(3 offices & display - warehouse - 2 overheads doors - fenced)
For Sale
3215 E. Slaton Hwy.
5,000 SF
(Spacious office area - drive through overhead doors)
$145,000
WAREHOUSE
4,984 SF
1525 E. 34th Street
15,228 SF
(Dock high metal building - large stack lot - office space)
$300,000
WAREHOUSE
1,200 SF
(3 office spaces - 40’ x 30’ warehouse space - West Lubbock)
$8.64 PSF (NNN)
WAREHOUSE
5919 - 50th Street
705 SF - 754 SF
(Multiple spaces - office & warehouse with overhead door)
$7.56 PSF - $8.09 PSF (NNN)
For Sale
2010 Clovis Hwy.
17,191 SF
(Six individual units - 100% leased)
$340,000
For Lease
222 N. Avenue U
14,400 SF
(Lg. metal warehouse - fenced yard - lg. overhead doors)
$2.40 PSF (Modified Gross)
OFFICE/WRHSE. For Sale
2422 Clovis Road
For Lease
WAREHOUSE
For Lease
5925 - 50th Street
$295,000
For Sale
$95,000
FLEX SPACE
4,200 SF
(High-bay warehouse / drive-thru overhead doors - fenced lot)
FLEX SPACE
WAREHOUSE
(A beef jerky/food processing plant - multiple coolers/freezers)
4008 Avenue A
$295,000
For Sale
2314 Colgate Avenue
For Sale
20,012 SF
(Warehouse with 6 offices - Dock-high doors)
$312,450
For Sale or Lease
714 - 34th Street
30,275 SF
(3 warehouse buildings - 8 offices - fenced - renovating now)
$345,000 Sale / $1.59 PSF (NNN) Lease
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
5200 N. Loop 289 0.86 - 1.52 Acres $14.00 per SF
26
2418 Texas Ave. 10,600 SF $0.85 per SF
50
301 Avenue Q 2.00 Acres $17.50 per SF
4
712 N. Frankford 3.26 Acres $6.00 per SF
27
5109 - 82nd Street 4.08 Acres $15.00 per SF
51
12403 Upton
5
101 Slide Road 2.41 Acres $16.00 per SF
28
106th & Quaker Ave. 2.04 Acres $9.00 per SF
52
5309 - 50th Street
1.22 Acres $10.75 per SF
6
201 Slide Road 0.937 Acres $16.00 per SF
29
12301 Slide Road 6.43 Acres $7.00 per SF
53
6005 - 47th Street
1.3 Acres $8.00 per SF
7
4206 - 19th Street
1.16 Acres Call Broker
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 7.02 Acres $5.00 per SF
55
SEC 114th & Slide Rd.
9.08 Acres $4.75 per SF
9
3458 W. Loop 289 37,480 SF $6.00 per SF
32
NEC of Quaker & 146th St. 197 Acres $12,500 per Acre
56
3219 E. Slaton Hwy.
1.60 Acres $0.30 per SF
10
SWC of 66th & Iola Ave. 19.5 Acres $2.50 per SF
33
2202 FM 1585 125 Acres $5,808 per Acre
57
7903 CR1500
11
SEC 66th & Milwaukee Ave. 16.82 Acres $6.00 per SF
34
3433 - 98th Street 1.9 Acres $12.00 per SF
58
5802 Erskine Street
12
4103 N. Frankford
12 Acres $210,000
35
6121 - 79th Street 25,414 SF 7.83 per Acre
59
8801 Milwaukee Ave.
13
6600 - 66th Street 6.11 Acres $6.00 per SF
36
SEC of 34th Street & MLK 5.77 Acres $135,000
60
6602 - 82nd Street
1.938 Acres $17.00 per SF
14
6700 - 66th Street 3.93 Acres $6.00 per SF
37
2539 - 74th Street
17,424 SF $5.25 per SF
61
6626 - 82nd Street
4.437 Acres $8.00 per SF
15
7221 Brownfield Hwy. 2.74 Acres $10.00 per SF
38
Milwaukee & 19th
6.65 Acres $7.00 - $10.00 PSF
62
6120 - 82nd Street
1.03 Acres $14.00 per SF
16
6900 Milwaukee Ave.
3.63 Acres $10.00 per SF
39
102nd Street & Slide Road 2.6 Acres $10.00 per SF
63
4401 - 122nd Street
1.60 Acres $3.95 per SF
17
7100 & Milwaukee Ave.
4.86 Acres $10.00 per SF
40
4412 - 6th Street
41,382 SF $11.00 per SF
64
NWC 122nd & Quaker
18
7700 Milwaukee Ave.
5.47 Acres $12.50 per SF
41
7907 FM 179 21,000 SF $12.00 per SF
65
409 Main, Wolfforth
19
7800 Milwaukee Ave.
6.97 Acres $12.50 per SF
42
FM 179
20
6400 - 74th Street
12.01 Acres $3.00 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
6621 - 98th Street
5.0 Acres 1.60 per SF
45
SWC Quaker & 114th 11.3 Acres $8.00 - $9.00 per SF
23
5322 FM 1585 8.0 Acres 2.50 per SF
46
SWC 98th Street & Alcove 123 Acres $11,000 per acre
47
NEC Milwaukee & Ursuline 160 Acres $4,950 per acre
30 Acres $15,000 per Acre
3.697 Acres $2.76 per SF 31 Acres $2.50 - $3.50 PSF 3.04 Acres TBD
7.4 SF 2.75 per SF 22,750 SF $3.52 per SF
100 Acres $10,000 per acre Plainview, TX: StoneGate Center 6.96 Acres $2.50 per SF 2.790 Acres $6.00 per SF 1.63 Acres $4.91 per SF 1.34 Acres $6.45 per SF 1.24 Acres $8.00 per SF Midland, TX: Interstate 20 & Rankin Hwy. Tract I 7.12 Acres $3.25 per SF Tract II 7.55 Acres $2.00 per SF Tract IV 7,000 SF $2.00 per SF Tract V 16.0 Acres $2.25 per SF
31
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
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.
Scott Womack
806.784.3265
Parker Carroll, CCIM
830.637.7755
AUSTIN, TX OFFICE
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.
Taylor Tucker, CCIM
806.784.3260
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 $157,000,000 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.
Certified Commercial Investment Member (CCIM). Specializing in the brokerage of Multi-Family properties throughout the Texas High Plains and West Texas - an area covering 71 counties. Maintains a database of over 540 multi-family properties representing more than 57,500 total units and approximately 400 property owners. Recognized as the #1 apartment Broker in Coldwell Banker Commercial in 2009.
Jef Conn, CCIM, MBA
Beau Tucker, CCIM
806.784.3216
806.784.3298
Certified Commercial Investment Member (CCIM). Specializing in Industrial and Office Brokerage and Leasing. Maintains a database of over 950 Industrial properties representing over 25,000,000 sq. ft. of space and approximately 1,000 owners and investors. Currently marketing over $11,000,000 of property. Member of the Coldwell Banker Commercial Industrial Group. Graduate of Texas Tech Rawls College of Business.
“The Land Man,” specializing in all aspects of land and investment brokerage and it’s use including site selection and land development opportunities for retail, office, and mixed-use end users and developers. Member of ICSC and RECON attendee. Member of the REALTORS Land Institute (RLI). Currently pursuing the coveted Land Consultant (ALC) designation. Maintains a database of over 1,750 investors. Over $100,000,000 of land inventory.
Eric Eberhardt
Nick Eyhorn
806.784.3239
Pursuing Certified Commercial Investment Membership (CCIM). 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.
Jordan Wood
806.784.3224
Pursuing Certified Commercial Investment Membership (CCIM). 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
Pursuing Certified Commercial Investment Membership (CCIM). 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.
“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.