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4th Quart 2010 Lubbock Tx Coldwell Banker Commercial Advantage Magazine Publication
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2
Lubbock Industrial Market: 2010 3rd Quarter ReviewThe overall Lubbock Industrial mar-ket is showing some positive signs of tightening up as the number of list-ings (both “For Sale” & “For Lease”) has been reduced over the last quar-ter. Concurrently, the total available square footage in both “For Sale” and “For Lease” properties has been reduced by over 400,000 square feet and approx 35,000 square feet re-spectively.
That being said, there still remains approx 1,586,026+ square feet of available space in both “For Sale” and “For Lease” properties in the Lubbock market, resulting in a city wide vacancy of approx 7%.
Coldwell Banker Commercial Indus-trial Team’s extensive research has shown that the average asking price of properties on the market today which are “For Sale” is $31.92 while properties which are “For Lease” are asking $4.68/SF/YR.
It is important to note that these fig-ures are for the entire city of Lubbock, thus north-east and south-west Lub-bock pricing are included collectively.
Prices for north-east Lubbock are ranging in the $2.50-$3.00/SF/YR while prices in south-west Lubbock range from $5.00-$8.00/SF/YR.
With the increase in activity across the Industrial spectrum, now is the perfect time to consider your plans for your disposition and acquisition plans for an Industrial property.
Buyers are still actively looking for adequately priced properties to help with their expansion plans.
With the historically low interest rates our local banks are offering, now is the perfect opportunity to discuss the pos-sibility of acquiring space for a new lo-cation for you and your business.
To discuss the true value of your property
September 2010 Industrial Update:(Numbers show difference from previous month)
Total Number Sale Listings 40 +8.11%Total Number Lease Listings 32 -20.0%Total Sq Ft Available (For Sale Listings) 1,053,969 -6.36%Total Sq Ft Available (For Lease Listings) 532,057 -43.9%Total Dollar Volume Available (For Sale Listings) $20,430,062 -8.22%Current Average Asking Price Per Sq Ft (For Sale Listings) $31.92 -0.72%Current Average Asking Price Per Sq Ft (For Lease Listings) $4.68 -10.86%Current Average Asking Price –Cap Rates (Investment Property) 8.31% -1.714%Total Lubbock Inventory (Approx Sq Ft) 24,000,000 ----------
Contact: Jef Conn, CCIMDirect phone: 806.784.3216E-mail at [email protected]
This is not a solicitation as to what your property may be worth. The increase Price/SF in-cludes properties across the spectrum with amenities including: land, office space, newer construction, location, etc.
Coldwell Banker Commercialrepresented the Landlord and the Tenant in leasing a 3,160 SF and a 2,332 SF retail space on West Loop 289
Coldwell Banker Commercialrepresented the Owner and the Buyer in the disposition and acquisition of a 2,600 SF of-fice building in the medical district.
Coldwell Banker Commercialrepresented the Seller in the disposition of a 5,263 SF office building.
Coldwell Banker Commercialrepresented the Landlord and the Tenant in leasing 1,663 SF of retail space in the Indiana Gardens North center.
Coldwell Banker Commercialrepresented the Seller in a build to suit 12,979 SF office build-ing in The Oaks development.
Coldwell Banker Commercialrepresented the Buyer in the acquisition of a NNN Invest-mement property: Applebee’s Restaurant in Killeen, TX.
1031 Exchange - Apartments to NNN’s
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Opportunity/ChallengeRecently an out of state investor contacted Coldwell Banker Commercial regarding 2 apartment complexes owned in Snyder, Texas. Retired and living out of state, the investor was anxious to dispose of the apartment assets and complete a 1031 tax free exchange into less management intensive investments.
The Multi-Family Group of Coldwell Banker Commercial assisted the owner in valuing, marketing, and the disposition of the property on the Seller’s behalf. Coldwell Banker Commercial packaged both apartment complexes together, developed and imple-mented a strategic marketing plan, and sold both properties in a single transaction.
The Seller then placed the sale proceeds into escrow to start the 1031 exchange time-line. The investor had a short window of 45 days to identify 3 possible properties to exchange into. The entire process had to be completed in less than 180 days.
SolutionTo best serve and meet the needs of the investor, the Net Leased Group of Coldwell Banker Commercial took over to acquire several single tenant, NNN investments with zero landlord responsibilities.
The Net Leased Group was involved in every step of the acquisition including property selection, site analysis, financial and investment analysis, and negotiations on be-half of the investor; who successfully completed the 1031 exchange into 2 long term leased assets.
The investor purchased two NNN retail assets with the proceeds from the apartment sales.
Coldwell Banker Commercial worked directly with the investor, attorneys, 1031 ex-change accommodator and lenders to successfully bring these transactions to the closing table.
The market knowledge and experience of the Net Leased Group of Coldwell Banker Commercial allowed for a smooth transition into long term, cash flowing assets for the investor and her family.
If you would like information on commercial real estate investments or take advantage of our unmatched national marketing platform, call Coldwell Banker Commercial today.
Applebee’s18+ years left on lease
KFC20 year lease
Contact: Parker Carroll, CCIMDirect phone: 806.784.3219E-mail at [email protected]
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Opportunity/Challenge
The seller, Triangle Insurance Co, needed to dispose of an office property they no longer needed.
The property consisted of a 3,121 sq. ft. building located in the Briercroft Office Park in Lubbock, TX. After using another broker, the seller contacted the Coldwell Banker Commercial TEAM to aggressively market the property both nationally and locally.
SolutionThe Coldwell Banker Commercial TEAM listed the property and launched an extremely aggressive marketing campaign complete with property signs, flyers, internet exposure on multiple national websites, a specialized website for the property and classy e-mail marketing.
After a period of aggressive marketing, a buyer was found. It took 8 showings between Coldwell Banker Commercial and another broker with multiple offers by the buyers to bring this to a close. Two offers were made by the same company but failed to close. As the saying goes, the third time is a charm. The 3rd and fi-nal offer closed May 27, 2010. It took over 100 phone calls, 250 emails, 100 text messages and 15 letters, yet Coldwell Banker Commercial never gave up
Value Added By Coldwell Banker Commercial Office Team• Aggressively marketed the property on behalf of the lender.• Worked together with another broker who brought the buyer. Coldwell
Banker Commercial organized all vital details with this broker to get this property sold.
• Unmatched marketing exposure. • Unparalleled follow-up between Coldwell Banker Commercial & other bro-
ker. All said, more than 500 points of contacts were used to bring this to a successful close.
• Coldwell Banker Commercial never gave up
“After switching agents to Jef, he was able [to] complete the sale within a matter of months, which shows he did a great deal to improve the number of potential buyers.” –John Berg, CIC, Seller
If you would like to take advantage of our national platform, local expertise and unmatched marketing platform for your property, contact the Coldwell Banker Commercial Industrial Team today.
Coldwell Banker Commercialrepresented the Buyer in the ac-quisition of a NNN Investment property: Buffalo Wild Wings in Austin, TX.
Coldwell Banker Commercialrepresented the Buyer in the ac-quisition of a NNN Investment property: KFC in Ft. Worth, TX.
Coldwell Banker Commercialrepresented the Landlord and the Tenant in leasing 5,265 SF in the new South Pointe Busi-ness Park.
Contact: Jef Conn, CCIMDirect phone: 806.784.3216E-mail at [email protected]
Aggressive Marketing Through National Platform
Just Leased
3223 SOUTH LOOP 289 34TH STREET & INDIANA AVENUE
Pyramid Plaza Indiana Gardens North
Just Leased
Just Leased Just Leased
Just Sold
South Plains Crossing Former MassMutual Building
Chicken Express Land Sale
6802 SLIDE ROAD 2333 - 50TH STREET
2ND STREET & SLIDE ROAD
Represented the Landlord and the Tenant in leasing three office suites in Pyramid Plaza Office Building represent-ing approximately 11,365 square feet. Also, represented the Landlord in leasing a 1,040 SF office suite.
Represented the Landlord and the Tenant in leasing seven store-front retail spaces in Indiana Gardens North representing approximately 7,775 square feet.
Represented the Landlord in leasing a 8,424 square foot retail store-front space in South Plains Crossing. Also, represented the Landlord and the Tenant in leasing retail space totalling approximately 2,400 square feet.
Represented the Landlord in leasing the former Mass-Mutual Office Building representing approximately 15,364 square feet.
Represented the Seller and the Buyer in the disposition and acquisition of a 37,600 SF tract of land for the con-struction of a Chicken Express.
Windy Ridge Apartments
5444 50TH STREET
Represented the Buyer in the acquisition of the garden style, 62-unit Windy Ridge Apartment community.
Just Sold
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Just Leased
South Pointe Office Park
2034 82ND STREET
Just Leased
Lakeridge Plaza S. C. Oak Center
5109 82ND STREET 6121 79TH STREET
Represented the Landlord in leasing approximately 526 square feet of office space in South Pointe Office Park and the Tenant in approx. 704 square feet.
Represented the Landlord and the Tenant in leasing a 2,400 square foot retail space in Lakeridge Plaza Shop-ping Center.
Represented the Owner in the sale of a recently construct-ed 12,974 square foot office building in Oak Center.
500 EAST YUCCA LANE
Coldwell Banker Commercial rep-resented Monsanto in the purchase of a 17-acre tract in Lubbock Busi-ness Park.
Monsanto, the agricultural biotech-nology giant, is building a $15 mil-lion cotton research and develop-ment facility.
The megasite will provide a cen-tral point for the company’s cotton breeding and testing programs in the High Plains region of Texas.
Just Sold
Just Sold
Just Leased
Northpark Shopping Center
405 SLIDE ROAD
Represented the Landlord in leasing approximately 4,323 square feet of store-front retail space in Northpark Shop-ping Center.
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5502 AUBURN 1116 E. 50TH STREET
Just Sold
2517 - 74TH STREET
Represented the Owner in the disposition of a 9,644 square foot church in northwest Lubbock.
Represented the Landlord in leasing a large office/ware-house complex featuring approximately 52,889 square feet.
Represented the Seller in the disposition of a 5,263 SF freestanding office building in south Lubbock.
Just Leased
4100 ERSKINE STREETJust Sold
Just Sold
Stonegate Shopping Center
Just Leased
1001 N. I-27, PLAINVIEW
Represented the Landlord in leasing store-front retail space in Stonegate Shopping Center with approximately 2,684 square feet.
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Coldwell Banker Commercial rep-resented the Seller in the disposition of a 31.5 acre multi-family tract of land for the future construction of a new student housing community.
77TH & MILWAUKEE
Just Sold
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Coldwell Banker Commercial repre-sented the Seller and the Buyer in the disposition and acquisition of a 2.95 acre tract of land for the future con-struction of an upscale child daycare facility.
2600 SOUTH SUNSET - LITTLEFIELD, TXFully operational and move-in
ready faciltiy featuring: Two layers of fencing and razor wire perimeter Covered and secure walkways between buildings Front entrance security gate Entrance security clearance area Personnel offices - computers - office supplies “Control Room” for security cameras and doors Employee lounge Inmate health care facility - fully stocked Inmate visitation room Kitchen and laundry facility with equipment Inmate library - full stocked Inmate gymnasium Inmate classrooms Inmate clothing
Property: Existing 383 bed adult correctional facilityBuilding Area: 94,437 SFLand Area: 30 AcresYear Built: 2000Appraised at: $11,200,000
The Coldwell BankerWest Texas
Multi-Family GroupMarketing Area
If you are considering selling or acquiring an
apartment property, call:Taylor Tucker, CCIM
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Taylor Tucker, CCIM with Cold-well Banker Commercial repre-sented the Buyer in the acquisi-tion of Windy Ridge Apartments, a 62-unit garden style multi-fam-ily community in west Lubbock.
WINDY RIDGEAPARTMENTS
5444 - 50th StreetLubbock, TX
JUST SOLD
Due to the confidential nature of many multi-family listings, the specific names and addresses cannot always be advertised.
Please call Taylor Tucker, CCIM or Rick Canup, CCIM for information on apartments in Lubbock, Amarillo, Abilene, San Angelo, and Midland/Odessa.
Taylor Tucker, CCIM806.784.3260 direct806.470.3844 [email protected]
Rick Canup, CCIM806.784.3204 direct806.438.8188 [email protected]
MULTI-FAMILY GROUP
$1.32 PSF Lease price (modified gross) 101,114 sq. ft. leasable space 12 dock-high doors - 9 with levelers 1 dock-high door with ramp access
2610 SOUTH LOOP 289 2420 E. SLATON HIGHWAY
$460,000 Sales Price 21,852 SF with 1,728 SF of offices 4,080 SF second floor storage area 3 dock-high doors with levelers Overhead door with ramp into warehouse
808 - 8TH STREET 7902 OAKRIDGE
$795,000 Sales Price 24,178 total square feet 3,306 square foot office 2 acres 2 grade-level doors
$875,000 Sales Price 2,801 sq. ft. office / 7,181 sq. ft. warehouse 11.44 acres with fenced yard 4 grade-level overhead doors Built in 2003
10
SALEM VILLAGE ANNEX4621 South Loop 289
WEST WIND CENTER5510 - 4th Street
2 storefront suites available 1,243 SF and 1,952 SF $17.00 PSF and $18.00 PSF (NNN) Located across from Super Wal-mart
FORMER BERGMAN’S3838 - 50th Street
11,767 SF custom designed building High visibility on busy major thoroughfare $1,300,000 Sales Price 38 off-street parking spaces
3,900 SF storefront space Suitable for retail or office $13.00 PSF (NNN) Excellent visibility along S. Loop 289 access road
2 storefront suites available 1,068 SF and 1,334 SF $14.00 PSF (NNN) Negotiable finish-out allowance
NORTHPARK VILLAGE CENTER405 Slide Road
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OMNI BUILDING1208 - 14th Street
NEW OFFICE BUILDING7310 Slide Road
New construction 2,272 SF available $16.50 PSF Lease (NNN) Space can be finished to tenant’s requirements
SOUTH POINTE BUSINESS PARK4413 - 82nd Street
New 8-building office park development 526 SF to 2,104 SF available $13.75 - $15.75 PSF (Full Service) Access to shared 8-12 person conference room
11-story building in central business district 145,000 SF Multi-story parking garage $1,750,000 Sales Price
2-story building in central business district 11,954 SF Large adjacent off-steeet parking lot $410,000 Sales Price
COMMERCE BUILDING1120 - 14th Street
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Bank Owned REO Bank Owned REO
Renovations underway 11% CAP rate 10 year lease Absolute NNN 6% increase every 2 years $982,000 Sales Price Tenant to open this Fall
WILD BURGER GRILLE3515 - 50th Street
Lubbock, TX
13
ULTIMATE ELECTRONICS - Lubbock, TX Premium location New 10 year lease (4) 5-year renewal options 33,167 square feet
8.10% CAP rate 20 year lease Absolute NNN lease 2,730 square feet
KFC - Ft. Worth, TX
Under Renovation
SOLD
APPLEBEE’S - Killeen, TX 8.83% CAP rate 19+ year lease Absolute NNN lease 5,027 square feet
SOLD
SOLD
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5109 - 82ND STREET
4.08 acres - $15.00 PSFPotential C-2 uses:
Medical Office Retail Financial Mixed use: Office / Retail / Restaurant
4100 ERSKINE STREET
Two 15-acre development tracts Frontage on Loop 289 with cross-access
6005 & 6007 - 45TH STREET
Two development tracts: 56,600 SF & 38,000 SF Located between Marsha Sharp Frwy. & Loop 289 $8.00 per square foot
6802 - 82ND STREET
2.4 acre development tract Frontage on 82nd Street $9.95 per square foot
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PRIME DEVELOPMENT ALONG THE NEW MILWAUKEE CORRIDOR
Various tracts: 1.72 acres to 19.5 acres Between Canyon West & Super Wal-Mart $2.50 PSF to $12.50 PSF New Elementary and Middle School Under Construction
Phase I and II: 22+ acres - Sale or Lease Retail Restaurant Office Multi-Family
VINTAGE LIFESTYLE CENTERS
$6.50 PSF 7.126 Acres Frontage on 19th and Milwaukee C-3 Zoning
6424 - 4th STREET
RETAIL BLDG.
3838 - 50th Street 11,767 SF (Built in 2007 - 9,000 SF showroom - 38 parking spaces) $1,300,000
For Sale
RETAIL SPACE
3501 - 50th Street 3,185 SF(Storefront space - suitable for all retail types - excellent parking) $7.00 PSF (NNN)
For Lease
RETAIL SPACE
6602 Slide Road 5,150 SF(Large showroom with excellent visibility from Slide Road)
$10.49 PSF (Mod. Gross)
For Sub-Lease
RETAIL SPACE
6802 Slide Road 1,200 SF to 3,680 SF (144,965 SF Power Center anchored by a Hobby Lobby) $14.00 PSF - $16.00 PSF (NNN)
For Lease South Plains Crossing
RETAIL SPACE
6419 - 82nd Street; Space 500 2,256 SF(New retail center - 82nd & Milwaukee - next to Wal-Mart)
$20.00 PSF (NNN)
For Lease
RETAIL BLDG.
3007 - 50th Street 4,000 SF (Freestanding building - NNN leased property) $440,000
For Sale
RETAIL BLDG.
3515 - 50th Street 3,349 SF(NNN Lease - new restaurant - remodeled building - 11% CAP) $982,000
For Sale
RETAIL BLDG.
6202 Milwaukee Ave. 29,212 SF(State-of-the-Art facility - lg. service center - 2-bay oil change) $14.79 PSF (NNN)
For Lease
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Wild Burger Grille Sentry Plaza Center
Mission Plaza
Lubbock Commons
Coldwell Banker Commercialrepresented the Landlord in leasing 2,400 SF of storefront space in the South Plains Crossing center.
Coldwell Banker Commercialrepresented the Buyer in the ac-quisition of the 18,000 SF Salem Village Annex.
Coldwell Banker Commercialrepresented the Seller and the Buyer in the disposition and ac-quisition of a 13,823 SF retail strip center on 34th Street
RETAIL SPACE
1001 N. 1-27, Plainview, TX 60,643 SF (An anchor space in a large shopping center complex) $5.50 PSF (NNN)
For Lease
RETAIL SPACE
3429 - 50th Street 23,000 SF(Quality space - high visibility - next to a new Hastings)
$13.00 PSF (NNN)
For Lease
RETAIL SPACE
4621 S. Loop 289 3,900 SF (Storefront space in a quality building - great visibility) $13.00 PSF (NNN)
For Lease Salem Village Annex
RETAIL SPACE
98th St. & Indiana Ave. 9,216 SF(New anchor storefront space - across Indiana from Kohl’s)
$14.00 PSF (NNN)
For Lease Sunridge Center
RETAIL BLDG.
5120 - 34th Street 10,908 SF(High visibility - former CVS Pharmacy building)
$10.00 PSF (NNN)
For Sub-Lease
RETAIL SPACE
5510 - 4th Street 1,243 SF and 1,952 SF (New center in NW Lubbock across from a Super Wal-mart)
$17.00 - $18.00 PSF (NNN)
For Lease West Wind Center
RETAIL BLDG.
5721 Frankford Ave. 3,400 SF(An automotive sales facility with spacious sales office) $17.65 PSF (NNN)
For Lease
RETAIL SPACE
3207 - 50th Street 1,573 SF(Storefront unit - suitable for food service or all other retail) $14.50 PSF (Modified Gross)
For Lease
RETAIL SPACE
1701 W. 5th Street Up to 17,163 SF(Storefront space - retail center on highway through city)
$5.50 PSF (NNN)
For Lease Running Water Draw
RETAIL BLDG.
3007 - 50th Street 4,000 SF (Freestanding building with covered drive-through) $440,000
For Sale
RETAIL SPACE
3416 - 34th Street 2,038 SF (Highly visible - major intersection - storefront space) $5.50 PSF (NNN)
For Lease Indiana Gardens North
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Stonegate Center
RETAIL SPACE
3416 - 34th Street 2,038 SF & 3,158 SF (Highly visible - major intersection - storefront space) $7.30 PSF (Modified Gross)
For Lease Indiana Gardens North
RETAIL SPACE
405 Slide Road 1,068 SF and 1,334 SF (Storefront space in a quality retail complex) $14.00 PSF (NNN)
For Lease Northpark Center
RETAIL BLDG.
1405 W. American Blvd. 5,400 SF (Williams General Store - located in Muleshoe, TX) $350,000
For Sale
RETAIL SPACE
4206 - 50th; Suite B 1,610 SF(Two adjoining retail areas with a service counter & office) $7.00 PSF (NNN)
For Lease
RETAIL SPACE
1701 W. 5th Street Up to 17,163 SF(Storefront space - retail center on highway through city)
$5.50 PSF (NNN)
For Lease Running Water DrawPlainview, TX
RETAIL BLDG.
1940 - 34th Street 6,045 SF(Free-standing with lg. open space with storefront windows) $375,000
For Sale
RETAIL SPACE
1824 Parkway Drive 1,243 SF to 7,000 SF(New neighborhood center with storefront space)
$12.00 PSF (NNN)
For Lease
RETAIL BLDG.
6006 - 82nd Street 2,460 SF(Operating dry cleanering drop-off - 8.5% CAP - 10 yrs.) $650,000
For Sale NNN Investment
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Parkway PlaceColdwell Banker Commercialrepresented the Landlord and the Tenant in leasing 2,035 SF of retail space in the Indiana Gardens North center.
Coldwell Banker Commercialrepresented the landlord in leas-ing a 7,800 SF storefront space in the Lakeridge Plaza center.
Coldwell Banker Commercialrepresented the Landlord and the Tenant in leasing 3,084 SF of office space in Pyramid Plaza Office Building.
RETAIL BLDG.
5721 Frankford Ave. 3,400 SF(An automotive sales facility with spacious sales office) $1,200,000
For Sale
RETAIL SPACE
98th St. & Indiana Ave. 1,350 to 4,400 SF(New anchor storefront space - across Indiana from Kohl’s)
$14.00 PSF (NNN)
For Lease Sunridge Center
RETAIL SPACE
405 Slide Road 3,185 SF (Storefront space with anchor visibility - high traffic flow) $7.00 PSF (NNN)
For Lease Mission Plaza
RETAIL SPACE
6802 Slide Road 1,200 SF to 3,200 SF (144,965 SF Power Center anchored by a Hobby Lobby) $14.00 PSF - $16.00 PSF (NNN)
For Lease South Plains Crossing
RETAIL SPACE
Plainview, TX 1,049 to 5,966 SF (Multiple storefront spaces in a large shopping center) $10.00 PSF (NNN)
For Lease Stonegate Center
RETAIL SPACE
1303 82nd Street 1,612 to 3,461 SF (Strip center with OH doors now available - build-out) $8.00 PSF (NNN)
For Lease
RETAIL BUSINESS
1811 Broadway Ave. 4,611 SF (5 bedroom, 2-story bed & breakfast inn - fully equipped)
$400,000
For Sale
RETAIL BLDG.
3207 - 34th Street 7,080 SF (Storefront space with overhead door in rear) $175,000
For Sale
19
RETAIL BLDG.
5129 - 69th Street 1,980 SF (An operating oil change facility) $200,000
For Sale
OFFICE SPACE
4903 - 82nd Street 3.153 SF(A quality suite with 12 private offices - large conference room) $16.00 PSF (modified gross)
For Lease
OFFICE BLDG.
3610 - 34th Street 756 SF to 6,100 SF(Interior gutted - ready for finish-out. Close to medical district.) $350,000 Sale / $10 PSF (NNN) Lease
For Sale / Lease
OFFICE BLDG.
1202 Jarvis 30,000 SF(2 connected buildings - 90+ private offices - 2.24 acre)
$402,500
For Sale
RETAIL BLDG.
103 W. Main Street, Earth, TX 2,800 SF(Former Dairy Queen restaurant - equipment included)
$125,000
For Sale
OFFICE SPACE
4502 - 50th Street 4,665 SF(Freestanding building with excellant off-street parking)
$9.50 PSF (NNN)
For Lease
OFFICE BLDG.
2024 Broadway Ave. 2,354 SF(Located between Texas Tech and downtown - corner lot)
$210,000 Sale / $8.00 PSF (NNN) Lease
For Sale / Lease
OFFICE SPACE
5313 - 50th Street; Suite C-4 800 SF(Two private offices with reception - coffee bar area)
$9.75 PSF (Modified Gross)
For Lease
20
Coldwell Banker Commercialrepresented the Landlord and the Tenant in leasing 5,265 SF in the new South Pointe Busi-ness Park.
Coldwell Banker Commercialrepresented the Landlord and the Tenant in leasing 12,851 SF of office space in Pyramid Plaza Office Building.
Coldwell Banker Commercialrepresented the Landlord in leasing 1,590 SF of space at the Coopertree Office Building.
OFFICE BLDG.
1208 - 14th Street 145,000 SF(Multi-story building with multi-story parking garage)
$1,750,000
OFFICE SPACE
5901 - 63rd Street 4,932 SF(Mutiple offices - large warehouse/shop area w/overhead door) $10.00 PSF (Modified Gross)
OFFICE SPACE
1303 82nd Street 1,612 - 1,849 SF(Space can be built-out to tenant’s specifications)
$8.00 PSF (NNN)
OFFICE SPACE
2034 - 82nd St. 526 SF; 1,052 SF & 2,104 SF(8-building office park currently under development)
$13.75 - $15.75 PSF (Full Service)
For Lease South Pointe
OFFICE SPACE
4412 - 74th Street 515 SF - 1,758 SF(Professional office space - excellent parking)
$14.50 - $15.00 PSF (Full Service)
For Lease
OFFICE SPACE
1120 - 14th Street 11,954 SF(2-story, corner lot building - downtown area)
$410,000
For Sale
OFFICE SPACE
3223 S. Loop 289; Atrium Level 1,371 SF(Large atrium / multi-level waterfall / glass elevators) $10.00 PSF (Full Service)
For Lease
OFFICE SPACE
5313 - 50th Street 800 SF (Two private offices with reception - coffee bar area) $9.75 PSF (Modified Gross)
For Lease
OFFICE SPACE
6306 Iola 4,000 and 4,245 SF(7-year old freestanding office building with multiple suites)
$12.50 PSF (Mod. Gross)
For Lease
OFFICE BLDG.
400 Wall St., Midland, TX 180,000 SF(High-rise office building in the heart of downtown Midland) $1,250,000
For Sale
OFFICE BLDG.
2333 - 50th Street 15,364 SF(2-story building - former MassMutual building)
$1,150,000 Sale
21
For Sale
For Lease
For Sale
For Lease
OFFICE SPACE
1116 Broadway; Suite B 1,537 SF (2 oversized private offices with large reception area) $12.00 PSF (Modified Gross)
For Lease
OFFICE BLDG.
400 Wall St., Midland, TX 180,000 SF(High-rise office building in the heart of downtown Midland) $1,250,000
For Sale
OFFICE SPACE
7802 Indiana Ave. 2,973 SF (Great location - high traffic area fronting Indiana Ave.)
$13.50 PSF (Modified Gross)
For Lease
OFFICE BLDG.
16 Briercroft 4,960 SF (Remodeled 2-story with unfinished basement)
$250,000
For Sale
OFFICE SPACE
7310 Slide Road 2,272 SF( New office space that can be configured to tenant’s needs)
$14.50 PSF (NNN)
For Lease
OFFICE SPACE
6802 Slide Road 1,533 - 3,680 SF (144,965 SF Power Center anchored by a Hobby Lobby)
$14.00 - $16.00 PSF (NNN)
For Lease South Plains Crossing
OFFICE SPACE
3223 S. Loop 289 748 SF - 4,181 SF (Large atrium / multi-level waterfall / glass elevators)
$16.00 PSF (Full Service)
For Lease Pyramid Plaza
OFFICE BLDG.
2720 - 82nd Street 2,125 SF (6 private offices - work room - new paint & carpet)
$12.50 PSF (modified gross)
For Lease
22
Coldwell Banker Commercialrepresented the Landlord in leasing 3,802 SF on the first floor of the Pyramid Plaza Of-fice Building.
Coldwell Banker Commercialrepresented the Landlord and Tenant in leasing 3,457 SF of office/showroom space at 1303 - 82nd Street.
Coldwell Banker Commercialrepresented the Seller in the disposition of a 6,000 SF ware-house/retail storefront building on Southwest Loop 289.
OFFICE BLDG.
1811 Broadway Ave. 4,611 SF(Elegant 2-story with large basement - near Texas Tech) $400,000
For Sale
OFFICE SPACE
4747 S. Loop 289 1,998 SF(Quality space with multiple offices - large conference room)
$16.00 PSF (Full Service)
For Lease
WAREHOUSE
8214 Valencia 6,250 SF(Freestanding building with office - showroom - overhead door) $439,000
For Sale
WAREHOUSE
1201 N. Gary Avenue 57,880 SF(3 buildings - newly remodeled offices - 11 cranes - fenced) $1.55 PSF (NNN) Lease
For Lease
OFFICE SPACE
3223 S. Loop 289 190 SF & 299 SF(Executive suites / multi-level waterfall / glass elevators) $24.00 PSF (Full Service)
For Lease Pyramid Plaza
OFFICE / WHSE.
5177 - 69th Street 12,827 SF(Freestanding building with offices & large warehouse space) $439,000
WAREHOUSE
7902 Oakridge 24,178 SF(Warehouse with office space - easily divided into smaller units) $2.99 PSF (NNN)
For Lease
WRHSE./OFFICE
714 - 34th Street 30,275 SF (3 warehouse buildings - 8 offices - fenced - renovating now) $350,000 Sale
For Sale
OFFICE BLDG.
17 Briercroft Office Park 2,801 SF*(Freestanding building - design allows for multi-tenant use) $165,000
For Sale
WAREHOUSE
1325 E. 37th Street 9,400 SF(Warehouse with 2 overhead doors - fenced yard)
$190,000
WAREHOUSE
906 Avenue U 3,000 SF(Metal bldg. with 2 grade-level doors - 1 crane - fenced yard) $200,000
For Sale
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For Sale For Sale
WAREHOUSE
2420 E. Slaton Hwy. 9,982 SF(Lg. warehouse / nice offices - 11.44 acres - built 2003) $875,000
For Sale
WAREHOUSE
1201 N. Gary Avenue 57,880 SF(3 buildings - newly remodeled offices - 11 cranes - fenced) $850,000
For Sale
WAREHOUSE
8110 N. Frankford Ave. 55,276 SF (Multi-warehouse facility with sep. office building) $750,000 Sale / 1.75 PSF (Mod. Gross) Lease
For Sale / Lease
WAREHOUSE
222 N. Avenue U 14,400 SF(Lg. metal warehouse - fenced yard - lg. overhead doors) $2.40 PSF
For Lease
WAREHOUSE
6716 Cedar 5,637 SF(15 grade level doors - 3 offices - fenced stack yard)
$179,000
For Sale
WAREHOUSE
1111 E. Slaton Hwy. 8,000 SF (Warehouse with showroom area and dock-high doors) $3,200 per month (NNN)
For Lease
WAREHOUSE
7902 Oakridge Ave. 24,178 SF (Warehouse/office with 4,500 sq. ft. office space) $775,000
For Sale
WAREHOUSE
2212 Clovis Road 40,963 SF*(3 grade level doors / 1 dock high door - security fenced) $625,000
For Sale
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Coldwell Banker Commercialrepresented the Seller in the dis-position of an 11,040 SF ware-house/office facility.
Coldwell Banker Commercialrepresented the Seller in the dis-position of a 728,450 SF distri-bution / warehouse facility on Avenue A.
Coldwell Banker Commercialrepresented the Seller in the disposition of Crown Business Park, an 81,425 SF flex space facility on Brownfield Hwy.
WAREHOUSE
2601 SE Loop 289 101,114 SF (Lg. metal warehouse complex - multiple dock-high doors) $1.32 PSF (NNN)
For Lease
WAREHOUSE
2520 E. 50th Street 9,337 SF (3 buildings - warehouse/office/self-storage - fully fenced) $150,000
For Sale
WAREHOUSE
207 Hwy. 62/82 5,000 SF (Prime highway frontage - 2 overhead doors - 4 offices) $200,000
For Sale
WAREHOUSE
1525 E. 34th Street 15,228 SF(Single building with 4 dock-high doors - 1.92 acres - fenced) $175,000
For Sale
WAREHOUSE
808 - 8th Street 21,852 SF (6 dock-high doors - 3 with levelers - 1 with ramp) $460,000 Sale
For Sale
WAREHOUSE
8701 S. MLK 6,743 SF (2 Warehouses - 4.725 acres - 5 grade level doors - water well) $179,000
For Sale
WAREHOUSE
2422 Clovis Road 20,012 SF (Warehouse with 6 offices - Dock-high doors) $312,450
For Sale
WRHSE./OFFICE
714 - 34th Street 30,275 SF (3 warehouse buildings - 8 offices - fenced - renovating now) $2.50 PSF (NNN) Lease
For Lease
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WAREHOUSE
2010 Clovis Hwy. 17,191 SF (Six individual units - 100% leased) $340,000
For Sale
WAREHOUSE
808 - 8th Street 21,852 SF (6 dock-high doors - 3 with levelers - 1 with ramp) $2.50 PSF (NNN) Lease
For Lease
WAREHOUSE
6526 - 100th Street 1,200 SF (Metal building with 6.7 acres of land and water well) $4.50 PSF (Modified Gross)
For Lease
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N. Loop 289 & Memphis 6.05 Acres $7.44 per SF
4100 Erskine Street 30 Acres Call Broker
502 N. Winston Ave. 4.96 Acres $12.00 to $14.00 per SF
Frankford & Erskine St. 3.26 Acres $6.00 per SF
N. Loop 289 & Slide Road 2.41 Acres $16.00 per SF
2nd Street & Slide Road 0.937 Acres $16.00 per SF
6201 - 79th Street 5.28 Acres $6.00 per SF
2401 W. Loop 289 2.836 Acres $5.00 per SF
3458 W. Loop 289 37,480 SF $6.00 per SF
SWC of 66th & Iola Ave. 19.5 Acres $2.50 per SF
SEC 66th & Milwaukee Ave. 16.82 Acres $6.00 per SF
SWC 66th & Milwaukee Ave. 3.4 Acres $12.00 - $15.00 per SF
6600 - 66th Street 6.11 Acres $6.00 per SF
6700 - 66th Street 3.93 Acres $6.00 per SF
7221 Brownfield Hwy. 2.74 Acres $10.00 per SF
6900 Milwaukee Ave. 3.63 Acres $10.00 per SF
7100 & Milwaukee Ave. 4.86 Acres $10.00 per SF
7700 Milwaukee Ave. 5.47 Acres $12.50 per SF
7800 Milwaukee Ave. 6.97 Acres $12.50 per SF
6400 - 74th Street 12.01 Acres $3.00 per SF
7400 Milwaukee Ave. 1.72 Acres $12.50 per SF
7900 Milwaukee Ave. 2.7 Acres $12.50 per SF
6802 - 82nd Street 2.40 Acres $11.75 per SF
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7310 Slide Road 20,400 SF $8.00 per SF
12307 Slide Road 1.38 Acres $7.00 per SF
6301 - 82nd Street 4.00 Acres $9.00 per SF
5109 - 82nd Street 4.08 Acres $15.00 per SF
106th & Quaker Ave. 2.04 Acres $9.00 per SF
12301 Slide Road 1.38 Acres $7.00 per SF
12411 Slide Road 3.67 Acres $7.00 per SF
NEC of Quaker & FM1585 7.02 Acres $5.00 per SF
NEC of Quaker & 146th St. 197 Acres $12,500 per Acre
2202 FM 1585 130 Acres $5,808 per Acre
98th Street & Indiana Ave. 1.9 Acres $12.00 per SF
2611 S. Loop 289 15.377 Acres $22,166 per Acre
SEC of 34th Street & MLK 5.77 Acres $135,000
2539 - 74th Street 17,424 SF $5.25 per SF
3402 E. 4th Street 141 Acres $375,000
99th Street & Slide Road 2.6 Acres $10.00 per SF
4412 - 6th Street 41,382 SF $11.00 per SF
7907 FM 179 21,000 SF $12.00 per SF
FM 179 100 Acres $10,000 per acre
207 U.S. Hwy 62/82 3.29 Acres $3.99 per SF
SEC Milwaukee & Ursuline 10 Acres $1.50 per SF
SWC Quaker & 114th 6.05 Acres $8.00 - $9.00 per SF
SWC 98th Street & Alcove 123 Acres $11,000 per acre
NEC Milwaukee & Ursuline 160 Acres $4,950 per acre
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Plainview, TX: StoneGate Center 6.96 Acres $2.50 per SF 2.790 Acres $6.00 per SF 1.63 Acres $4.91 per SF 1.34 Acres $6.45 per SF 1.24 Acres $8.00 per SFMidland, TX: Interstate 20 & Rankin Hwy. Tract I 7.12 Acres $3.25 per SF Tract II 7.55 Acres $2.00 per SF Tract III 1.17 Acres $2.00 per SF Tract IV 7,000 SF $2.00 per SF Tract V 16.0 Acres $2.25 per SF
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48 6424 - 4th Street 7.126 Acres $6.50 per SF
6210 - 82nd Street 1.4 Acres $16.00 per SF
4350 - 19th Street 22,055 SF $20.00 per SF
12403 Upton 30 Acres $15,000 per Acre
5309 - 50th Street 2.17 Acres $10.75 per SF
6005 - 47th Street 1.3 Acres $8.00 per SF
6007 - 47th Street 38,000 SF $8.00 per SF
4103 N. Frankford 12 Acres $240,000
4100 Erskine Street 30 Acres2201 N. Loop 289 45 Acres6810 - 82nd Street 2.4 Acres109th & Quaker Ave. 3.99 Acres66th & Milwaukee Ave. 8.35 Acres34th & W. Loop 289 140 Acres73rd & Milwaukee Ave. 12 AcresWoodrow Rd. & Quaker 421 AcresFrankford & Ursuline Ave. 5.02 Acres502 N. Winston 4.96 AcresFrankford & Erskine St. 1.49 AcresQuaker Ave. & FM 1589 7.02 Acres107th & Quaker Ave. 35,000 SFFrankford & Erskine St. 83,821 SF66th & Milwaukee Ave. 40,197 SF10301 Slide Rd. 3 Acres502 S E Loop 289 7.02 Acres8602 - 19th Street 3.36 Acres3424 W. Loop 289 3.5 Acres6201 - 79th Street 2.36 AcresE. Loop 289 & 19th St. 30 Acres7700 Milwaukee Ave.. 2.95 Acres
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A Few Examples ofPreviously Sold Land
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Midland, TX Development Land
Broker and C.E.O. Started the company in 1977Specializing in Multi-Family Brokerage and Land Development. Brokered thousands of multi-family units. Led the development of a prime 18 acre site involving such clients as Cheddar’s, Applebee’s, Outback Steakhouse, Hampton Inn, Courtyard by Marriott, and Fairfield Inn.
Specializing in the brokerage, leasing and management of office and retail properties. Participated in the sale or lease of commercial properties with a total volume exceeding $139,000,000 and has leased over 1,750,000 sq. ft. of office and retail space. Currently responsible for the management of over 325,000 sq. ft. of commercial properties.
“The Land Man,” specializing in all aspects of land and investment brokerage and it’s use including site selection and land development opportunities for retail, office, and mixed-use end users and developers. Member of ICSC and RECON attendee. Member of the REALTORS Land Institute (RLI). Currently pursuing the Certified Commercial Investment Member (CCIM) designation and the coveted Land Consultant (ALC) designation. Maintains a database of over 1,750 investors. Responsible for over $65,000,000 of land inventory.
A licensed Broker since 1976 and Certified Commercial Investment Member (CCIM). Specializing in Industrial and Retail brokerage and leasing. Maintains a database of over 950 industrial/warehouse properties with over 25,000,000 sq. ft. of space. Participated in the sale or lease of commercial properties with a total volume of more than $48,600,000 and leased over 1,000,000 SF of commercial space.
Certified Commercial Investment Member (CCIM). Specializing in the brokerage of Multi-Family properties throughout the Texas High Plains and West Texas - an area covering 71 counties. Maintains a database of over 540 multi-family properties representing more than 57,500 total units and approximately 400 property owners. Recognized as the #1 apartment Broker in Coldwell Banker Commercial in 2009.
Certified Commercial Investment Member (CCIM). Specializing in Industrial and Office Brokerage and Leasing. Maintains a database of over 950 Indus-trial properties representing over 25,000,000 sq. ft. of space and approximately 1,000 owners and in-vestors. Currently marketing over $11,000,000 of property. Member of the Coldwell Banker Commer-cial Industrial Group. Graduate of Texas Tech Rawls College of Business.
Specializing in all aspects of net-leased investment and shopping center brokerage. A graduate of Texas Tech University’s Rawls College of Business with a degree in Marketing. Certified Commercial Invest-ment Member (CCIM), Member of the International Council of Shopping Centers (ICSC), and sits on the Active Board for Young Professionals of Great-er Lubbock. Recently closed over $31,000,000 in transactions.
Rick Canup, CCIM 806.784.3204 Scott Womack 806.784.3265
Dwight Thomason, CCIM 806.784.3241 Taylor Tucker, CCIM 806.784.3260
Jef Conn, CCIM 806.784.3216 Parker Carroll, CCIM 806.784.3219
Beau Tucker 806.784.3298“EXPERT KNOWLEDGE AT WORK FOR Y0U”
A TEAM approach to the brokerage, leasing, and management of retail centers, office buildings, and industrial properties as well as the brokerage of apartments and land development opportunities.