Johnson Controls - Lubbock, TX

8,508 SF | Office Building | Lubbock, TX 79416 | $1,944,686 ($229/SF) | 7% Cap Rate

Asking Price $1,944,686

Property Type: Office
Square Feet: 8,508 SF
Price / Square Foot: $229

Listing Contacts

Parker Carroll

Verified Profile

Chris Matlock

Verified Profile

Property Info

Property Overview

TREK Investment Group is pleased to offer for sale the Johnson Controls Inc office building in Lubbock, Texas. This is a BBB+ Investment Grade Corporate Tenant with 2,000+ global locations on 6 continents. Johnson Controls has occupied this space for 35+ years, since 1986. The subject property is strategically situated at the intersection of TX-289 Loop and TX-114, both major corridors through Lubbock seeing 67,000+ VPD. National and Regional Tenants surround the property such as Academy, Walmart Supercenter, Chick-fil-A, Dollar General, Ace Hardware, McDonalds, Best Buy, Toyota-Kia-Audi, and more. Additionally, HEB has recently purchased the property directly across 19th street between the Audi dealership and the Yates flooring store.

Property Details

Class: C
Year Built: 1984
Stories: 1
Property Subtype: Office Live/Work Unit, Medical, Office/Residential
Lot Size (sq. ft): 27,007 SF

Highlights

NNN Lease with Long-term Corporate Practice since 1986
New Roof Replaced 2022
Most Dense Area of Lubbock | Intersection of TX-114 and TX-289 Loop w/ 67,000+VPD
12 miles from Lubbock Int'l Airport | Less than 3 miles from Texas Tech University with 40,000+ Students

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