Office Warehouse
Venita Avenue Warehouses
8309 Venita Ave, Lubbock, TX 79424
Listing Price: $975,000
Investment Overview
Marcus & Millichap is pleased to present Venita Avenue Warehouses located at 8307 & 8309 Venita Avenue in Lubbock, Texas. Venita Avenue Warehouses is a small bay multi-tenant industrial property consisting of two buildings totaling 16,700 square feet of space and is situated on a total of 0.92 acres of land. The subject property feature 14 Foot grade level doors, 16 Foot clear height, and easy access to Highway 62 and South loop 289. Venita Avenue Warehouses is an exceptional opportunity to acquire well below replacement cost in a submarket with strong market fundaments that will continue to add value for this investment.
Exclusively Listed By
Listing Price: $975,000
Investment Highlights
- 100 Percent Occupied Small Bay Industrial Office Warehouse
- 14 Foot Grade Level Overhead Doors
- Low Vacancy Submarket at 1.2 Percent
- Below Market Rents
- Convert MTM Tenancy to Structured NNN Leases with Annual Rent Bumps
Investment Overview
Marcus & Millichap is pleased to present Venita Avenue Warehouses located at 8307 & 8309 Venita Avenue in Lubbock, Texas. Venita Avenue Warehouses is a small bay multi-tenant industrial property consisting of two buildings totaling 16,700 square feet of space and is situated on a total of 0.92 acres of land. The subject property feature 14 Foot grade level doors, 16 Foot clear height, and easy access to Highway 62 and South loop 289. Venita Avenue Warehouses is an exceptional opportunity to acquire well below replacement cost in a submarket with strong market fundaments that will continue to add value for this investment.
Exclusively Listed By
