Industrial Space For Lease @ 3511 N Frankford Ave

3511 N Frankford Ave, Lubbock, TX 79416

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David P.

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Retail/Industrial Investment with stackyard on 4 acres with fully leased Industrial shops on the back 2 acres of the property. The property offers 26,000 total SF with (10) new industrial shops built in 2016. Shop sizes range from 2,000 - 2,500 SF each with 14' x 12' overhead insulated doors with a bathroom in each unit. Shops separately metered & equipped with 50 Amp electric with fiber optic capability.
The property has 3 septics, and 1 water well.

The property is situated on the West side of North Frankford and offers a 2,000 SF Retail shop and a 100 x 36 Quonset Hut which is currently occupied by the seller. The owner is retiring and selling property. Property has a billboard that produces an additional annual income of $1,000.

There are many investment possibilities, please see this full brochure with actual rent roll and proformas for the following investment potential.

Investment Option A: New owner can occupy front 2 acres with shop & Quonset Hut while collecting income from existing (10) fully leased Industrial shops. (see attached actual rent roll)

Investment Option B: A new owner can lease the front shops (previously occupied by the seller) for approximately $2,000 monthly & sell frontage for Commercial development. Can also add (5) additional shops on the rear portion of the property to increase rent roll. (see proforma B)

Investment Option C: A new owner can use front 2 acres to build a new set of (15) industrial shops increasing the income for the investment. (see proforma C) This space offers accomodations for: warehousedistribution.

Pricing: Negotiable

Availability: Now

Listing ID: 3202127

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Has sprinklers: No

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Loading Zone:

Has rail access: No


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Rate: Contact for price

Type: Industrial Space

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