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Johnson Controls - Lubbock, TX 1603 W Tx-289-loop

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

Office Space Texas Lubbock 1603 W Tx-289-loop, Lubbock, TX 79416

Investment Highlights

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

Executive Summary

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 Facts

Sale Type
Investment NNN
Property Type
Office
Building Size
8,508 SF
Building Class
B
Year Built
1984
Price
$1,944,686
Price Per SF
$229
Cap Rate
7%
NOI
$136,128
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,508 SF
Building FAR
0.32
Lot Size
0.62 AC
Zoning
None
Parking
35 Spaces (4.11 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Wholesaler
  • -
  • -
  • Triple Net
  • Jun 2025

Johnson Controls is a world leader in smart buildings, creating safe, healthy and sustainable spaces. Since the beginning, Johnson Controls has made buildings better and now it's transforming them again with its award-winning digital technologies and services. Johnson Controls is using artificial intelligence and data driven solutions to give deeper insight into building health, sustainability, and performance, changing the way indoor environments are designed, operated, and maintained and driving a new era of autonomous buildings. Johnson Controls offers the world’s largest portfolio of building technology, software and services. Supported by a team of more than 100,000 dedicated employees working across 150 countries, it's helping customers achieve their sustainability goals and power their mission.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Wholesaler - - Triple Net Jun 2025

Links

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PROPERTY TAXES

Parcel Number R127311 Improvements Assessment $716,540
Land Assessment $108,460 Total Assessment $825,000

PROPERTY TAXES

Parcel Number
R127311
Land Assessment
$108,460
Improvements Assessment
$716,540
Total Assessment
$825,000
(512) 433-6999

Contacts

  • Listing ID: 26415886

  • Date on Market: 8/17/2022

  • Last Updated:

  • Address: 1603 W Tx-289-loop, Lubbock, TX 79416

More public record information on 1603 W Tx-289-loop, Lubbock, TX 79416

The Office Property at 1603 W Tx-289-loop, Lubbock, TX 79416 is currently available for sale. Contact TREK Investment Group for more information.

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Johnson Controls - Lubbock, TX | 1603 W Tx-289-loop
(512) 433-6999 x

Johnson Controls - Lubbock, TX | 1603 W Tx-289-loop

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Parker Carroll

(512) 433-6999

(512) 433-6999

Chris Matlock

(512) 433-6999

(512) 433-6999

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