PROPERTY DESCRIPTION

Industrial Investment Property. This 8,250 sq ft building is 100% leased to Dora Moss, a high end builder of custom murphy beds and other in come custom construction. The property sits on 1.47 acres and the warehouse features a large office/showroom area and three sections of warehouse: a storage/materials area, a paint section for painting the cabinets and a cabinetry section for building the products. Learn more about the tenant at their website: doramoss.com

The property is leased through 5/30/2029. Current rent is $7,075/month Modified Gross (landlord pays taxes and insurance). Rate increases each June.

Located in West Lubbock in the Inler Business Park with quick access to Wofforth, Shallowater and all parts of Lubbock.

PROPERTY HIGHLIGHTS

Sale Price: $975,000

Lot Size: 64,246 SF

Building Size: 8,250 SF

NOI: $74,948.87

Cap Rate: 7.7%

Zoning: None - Outside City Limits