Sought-After CBD Area | Near Texas Tech
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Sought-After CBD Area | Near Texas Tech 3 Biens Vente aux enchères en ligne Lubbock, TX
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Enticing three-property portfolio, including a mixed-use office property and a controlled-access covered parking garage in Downtown Lubbock.
- Strong Anchor Tenant: Anchored by Texas Tech University Health Sciences Center, which occupies approximately 45% of the GLA.
- Growing interest in Downtown Lubbock’s office market driven by local businesses, startups, and professional firms seeking a central location.
- Value-Add Opportunity: The property is currently 70% occupied, providing a potential investor value-add through lease-up.
- Close to Citizen's Tower, the Depot Entertainment District, Lubbock Memorial Civic Center, and the Buddy Holly Performing Arts Center.
- Size & Layout: Approximately 66,040 square feet with flexible interior configurations.
RÉSUMÉ ANALYTIQUE
Optimally situated in the heart of Downtown Lubbock, these three commercial buildings are available for sale as a portfolio asset that offers a mixed-use office property, a retail storefront, and a controlled-access covered parking garage. Each property is strategically located along Avenue J, near the county and federal courthouses, Lubbock's new city hall building, which is known as Citizens Tower, the Depot Entertainment District, Lubbock Memorial Civic Center, and the Buddy Holly Performing Arts Center. 1215 Avenue J, 1219 Avenue J, and 1313 Avenue J offer a savvy investor a dynamic opportunity to acquire value-add properties in the premier Lubbock, Texas, Central Business District. This opportunity is further enhanced by the presence of Texas Tech University, providing stable in-place income while unlocking the potential for additional revenue growth. The property underwent a stunning revitalization in 2016, enabling a new owner to attract high-quality tenants and capitalize on the property’s value-add upside.
1215 Avenue J - The Myrick-Green Buildings is a revitalized historic mixed-use office building featuring timeless architecture. The property is anchored by Texas Tech University Health Sciences Center, which occupies approximately 45% of the GLA. Texas Tech Health Sciences Center in Lubbock is a major healthcare education and research institution. It trains future medical, nursing, and public health professionals while conducting innovative medical research. The center supports regional health needs, advances patient care, and strengthens the local economy through state-of-the-art facilities and community partnerships.
The properties are beneficially positioned with seamless accessibility, less than 1 mile from major thoroughfare Interstate 27 and exactly 1 mile from the US Route 82 and US Route 84/Slaton Highway interchange. Texas Tech University, which enrolled 41,000 students in 2024, is just five minutes to the west. This university recently experienced a record-breaking number of honors students, exceeding 2,000 exceptional students, adding to the highly skilled labor pool within the surrounding area.
The parking garage at 1313 Avenue J in Lubbock, Texas, a key infrastructure facility serving the downtown area, is included in the sale. Designed to accommodate both daily commuters and visitors, it provides convenient and secure parking options in a busy urban setting. The garage features multiple levels with well-marked parking spaces, lighting, and pedestrian walkways to ensure easy access.
Lubbock is home to a growing community that has seen a 0.9% increase in annual population growth within a 3-mile radius of the offering from 2020 to 2024 and is anticipated to continue growing year over year by 1.3% from 2024 to 2029. The properties are desirably situated within the Downtown Lubbock office and retail submarket, home to low vacancy rates, zero supply-side pressures, and increasing market rents.
Invest in this three-property portfolio and unlock the value-add potential in a vibrant market supported by a dynamic, growth-driven community.
Property tours are available by appointment only. Please contact the broker to schedule.
1215 Avenue J - The Myrick-Green Buildings is a revitalized historic mixed-use office building featuring timeless architecture. The property is anchored by Texas Tech University Health Sciences Center, which occupies approximately 45% of the GLA. Texas Tech Health Sciences Center in Lubbock is a major healthcare education and research institution. It trains future medical, nursing, and public health professionals while conducting innovative medical research. The center supports regional health needs, advances patient care, and strengthens the local economy through state-of-the-art facilities and community partnerships.
The properties are beneficially positioned with seamless accessibility, less than 1 mile from major thoroughfare Interstate 27 and exactly 1 mile from the US Route 82 and US Route 84/Slaton Highway interchange. Texas Tech University, which enrolled 41,000 students in 2024, is just five minutes to the west. This university recently experienced a record-breaking number of honors students, exceeding 2,000 exceptional students, adding to the highly skilled labor pool within the surrounding area.
The parking garage at 1313 Avenue J in Lubbock, Texas, a key infrastructure facility serving the downtown area, is included in the sale. Designed to accommodate both daily commuters and visitors, it provides convenient and secure parking options in a busy urban setting. The garage features multiple levels with well-marked parking spaces, lighting, and pedestrian walkways to ensure easy access.
Lubbock is home to a growing community that has seen a 0.9% increase in annual population growth within a 3-mile radius of the offering from 2020 to 2024 and is anticipated to continue growing year over year by 1.3% from 2024 to 2029. The properties are desirably situated within the Downtown Lubbock office and retail submarket, home to low vacancy rates, zero supply-side pressures, and increasing market rents.
Invest in this three-property portfolio and unlock the value-add potential in a vibrant market supported by a dynamic, growth-driven community.
Property tours are available by appointment only. Please contact the broker to schedule.
MÉMORANDUM D’INFORMATION Cliquez ici pour accéder à
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financials
- Floor Plans
- Purchase Agreement
INFORMATIONS SUR L’IMMEUBLE
| Condition de vente | Vente aux enchères | Nb de biens | 3 |
| Type de propriété | Pleine propriété | Surface totale de l’immeuble | 12 510 m² |
| Type de vente | Investissement | Surface totale du terrain | 0,38 ha |
| Statut | Actif |
| Condition de vente | Vente aux enchères |
| Type de propriété | Pleine propriété |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 3 |
| Surface totale de l’immeuble | 12 510 m² |
| Surface totale du terrain | 0,38 ha |
Biens
| NOM DU BIEN/ADRESSE | TYPE DE BIEN | SURFACE | ANNÉE DE CONSTRUCTION |
|---|---|---|---|
| 1219 Avenue J, Lubbock, TX 79401 | Local commercial | 1 601 m² | 1929 |
|
1313 Avenue J
1313 Avenue J, Lubbock, TX 79401 |
Spécialité | 7 548 m² | 1954 |
| 1215 Avenue J, Lubbock, TX 79401 | Bureau | 3 361 m² | 1928 |
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CONSEILLERS EN VENTE
CONSEILLERS EN VENTE
Jordan Wood, Investment Sales Specialist
(806) 784-3224
Contact
Jordon a rejoint Coldwell Banker Commercial Rick Canup, Realtors en janvier 2012 en tant que spécialiste des ventes au détail et d'investissement. Il se spécialise dans les ventes locatives nettes à locataire unique et dans les ventes d'investissements multilocataires.
Eric Eberhardt, CCIM, Investment Sales Specialist
(806) 784-3239
Contact
Il a rejoint Coldwell Banker Commercial Rick Canup, Realtors, en janvier 2012. Eric se spécialise dans le courtage de détail, le crédit-bail et la vente d'investissements. Il est chargé de maintenir une base de données de plus de 1 400 propriétés commerciales, 1 800 locataires commerciaux et plus de 1 350 propriétaires et investisseurs.
À PROPOS DE LA PLATEFORME D’ENCHÈRES
Ten-X Commercial est la première plateforme de transaction numérique complète pour l’immobilier d’entreprise. Avec plus de 26 milliards de dollars de ventes, la plateforme Ten-X permet aux brokers, aux vendeurs et aux acquéreurs de disposer d’une technologie basée sur les données et d’outils marketing complets pour augmenter la visibilité sur le marché et réduire le temps pour conclure une transaction. Ten-X obtient régulièrement des taux de négociation deux fois supérieurs à la moyenne du secteur. Ten-X accélère l’ensemble du processus des transactions en immobilier d’entreprise en permettant aux brokers et aux vendeurs d’exploiter sa plateforme numérique qui facilite l’intégration des biens, l’évaluation de la réussite des campagnes de marketing omnicanal gratuites et le suivi des meilleurs leads. Les acquéreurs sont orientés vers des biens qui correspondent précisément à leurs objectifs d’investissement, avec un accès inégalé à des analyses de marché et aux documents de Due Diligence pour les aider à acquérir des biens en ligne en toute sécurité et en toute confiance.
Lire plus
CONTACT POUR LES ENCHÈRES
Jameson Kuykendall
Contact
Licence du commissaire-priseur :
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
CONTACTS
-
Jordan Wood -
Rick Canup -
Eric Eberhardt, CCIM -
Coldwell Banker Commercial Capital Advisors
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VIDÉOS
VISITE 3D
PHOTOS
STREET VIEW
RUE
CARTE
Barême de frais de transaction
Basée sur le pourcentage du montant de l’enchère gagnante.
Montant de l’enchère gagnante
Frais de transaction
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Exemple de calcul
Montant de l’enchère gagnante
$4,000,000
Frais de transaction
$100,000 (2.5%)
Prix d’achat total
$4,100,000
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Sought-After CBD Area | Near Texas Tech
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Sought-After CBD Area | Near Texas Tech
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