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Versatile Multi-Tenant Office Building For Sa 6603 Utica Ave 4,274 sq ft 79% Let Office Property Lubbock, TX 79414 £370,149 (£86.60/sq ft) 8.91% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Three-Tenant Building: Total of 2,812 SF with flexible suite layouts.
- Shared Amenities: Common kitchenette/breakroom and restrooms for tenant convenience.
- Adaptable Use: Functional design accommodates various business needs.
- Individual Suites: Each suite includes 2–3 offices and a file room/storage space.
- Ideal for Professionals: Perfect for small businesses, startups, or satellite offices.
EXECUTIVE SUMMARY
Discover a versatile three-tenant office building offering 2,812 SF of functional workspace. Each suite is designed for productivity, featuring two or three private offices, a dedicated file room or storage area, and access to shared amenities, including a kitchenette/break room and restrooms. Call us today for more information. With this properties efficient layout and adaptable design, this property caters to a variety of professional or business uses. . Cap Rate based on Proforma with Suite 101 leased.
Income:
Currently Suite 102 & 103 are leased both are paying $1,225/mo NNN.
Income:
Currently Suite 102 & 103 are leased both are paying $1,225/mo NNN.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Office
Property Size
4,274 sq ft
Costar Property Class
B
Year Built
2002
Price
£370,149
Price per sq ft
£86.60
Yield
8.91%
NOI
£32,980
Occupancy Rate
79%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
4,274 sq ft
Plot ratio
0.38
Total Plot Size
0.26 ac
Use Class
HDR
Parking
16 Spaces (3.74 Spaces per 1,000 sq ft Leased)
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PROPERTY TAXES
| Parcel Number | R169674 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £367,085 |
PROPERTY TAXES
Parcel Number
R169674
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£367,085
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Versatile Multi-Tenant Office Building For Sa | 6603 Utica Ave
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