Fall 2011 Advantage Newsletter

Lubbock Industrial Market Overview . . . 2011

Contact: Jef Conn, CCIM, MBA Industrial/Offi ce/Investment Specialist / 806.784.3216 direct E-mail at [email protected]

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Coldwell Banker Commercialrepresented the Seller and the Buyer in the disposition and ac-quisition of a 7,487 SF offi ce/warehouse.

Coldwell Banker Commercialrepresented the Landlord and Tenant in leasing a 1,573 SF space in a freestanding retail building on 50th Street to The Chocolate Mousse Pie Bar.

Coldwell Banker Commercialrepresented the Buyer in the ac-quisition of a 3,400 SF used car lot facility in southwest Lub-bock.

Lubbock’s Industrial market is still holding strong with an overall vacancy rate of 3.3% rate compared to the national average of 9.8%, according to the CoStar Research Group. This is great news, given that the amount of demand of cotton storage is less than in previous years.

The asking rental rate for all Lubbock Industrial properties increased 6.3% and cur-rently stands at $3.03/SF. Flex properties (offi ce/warehouse) rental rate currently stands at $6.35/SF.

Despite the drought that has caused some cotton gin companies to not expand into new space, smaller companies are continuing to thrive in Lubbock and fi ll up space that would have otherwise not been available. This is due to the 2.8% increase in employment over the past 5 years.

Overall there is currently 1,073,923 SF available for sale or lease in Lubbock rang-ing in size from 450 SF to 100,000 SF. Below is a chart of 2010-2011 vacancy numbers.

Period Existing Inventory Vacancy Net Deliveries Quoted # Total Direct Total Vac Absorption # Total Rental Buildings RBA SF SF % Bldgs RBA Rates 2011 2q 2031 32,947,277 1,015,198 1,073,923 3.3% (52,609) 0 0 $3.03 2011 1q 2031 32,947,277 962,589 1,021,314 3.1% (172,963) 0 0 $2.8 2010 4q 2031 32,947,277 788,026 848,351 2.6% 141,602 0 0 $2.54 2010 3q 2031 32,947,277 1,189,380 989,953 3.3% 259,752 0 0 $2.56 2010 2q 2031 32,947,277 1,277,016 1,249,705 3.8% 86,036 0 0 $2.60 2010 1q 2031 32,947,277 1,158,585 1,335,741 4.1% (111,434) 1 6,997 $2.58

Many companies in the Lubbock area have begun to look for creative ways to in-crease their bottom line so they can be able to tap into the increase in employment and expand their businesses.

One way they are doing this is by utilizing the sale-lease back approach. This is where a company who owns the real estate their business resides in sells the real estate to an investor and leases it back to them.

Typically this lease is done for 10-20 years. This approach allows business owners to pull their capital locked in by real estate and put it to work for expanding their business.

Our Coldwell Banker Commercial Industrial Team has the expertise to help you evaluate whether or not a Sale-Lease back is a viable option for you and your company.

Give us a call today so that we can sit down with you, discuss your objectives and fi gure out a plan moving forward.

Coldwell Banker Commercialrepresented the Landlord and Tenant in leasing 2,521 SF of offi ce space in Sonoma Plaza.

Coldwell Banker Commercialrepresented the Landlord in leasing 3,000 SF of offi ce/fl ex space in southwest Lubbock.

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Coldwell Banker Commercialrepresented the Landlord and Tenant in leasing 6,000 SF of re-tail space in Mission Plaza.

Coldwell Banker Commercial (CBC) represented the Landlord is the sale of a multi-tenant offi ce property located at 5807 63rd in Lubbock, TX

Situation: The seller had a 100% occupied offi ce building which had three tenants and decided to sell the building to move cash from this investment to future de-velopment/investments. Coldwell Banker Commercial exclusively repre-sented the seller in the local and national marketing of the property.

The Property: 5807 63rd is a 6,750 SF with three tenants on .74 acres in Southwest Lub-bock just off Frankford Avenue & 63rd Street.

Process: Coldwell Banker Commercial utilized an aggressive marketing approach to contact all local buyers, Lubbock brokers, as well as reached out to a nation-al audience via the Coldwell Banker Commercial platform and the CCIM network. Leaving no stone unturned, CBC was able to locate a broker whose client had inherited a large sum of money looking for a passive investment.

Results: � Coldwell Banker Commercial worked with the seller and the buyer’s

agent to walk the transaction through from the initial offer to closing. � All showings, tours, inspections were set up through our customized

closing process which makes sure all properties move from contract to closing as quickly and smoothly as possible.

� The seller was able to quickly sell the property at a price agreeable to both buyer and seller.

� The buyer was able to get a passive investment that will help grow their portfolio.

Thinking about investing in passive real estate investments? The Offi ce Team at Coldwell Banker Commercial has active property list-ings and access to all available properties that could benefi t you and your portfolio. These single and multi-tenant investments provide buyers with great opportunities to grow their portfolios with properties ranging in price from $260,000 to $1mm+.

Offi ce Building Sale - Case Study


Fasten your seat belts, please keep your hands and feet inside the moving car at all times. Be prepared for a bumpy ride. Over the past year, this could describe the roller-coaster ride of investing in the stock market. With sudden drops in the Dow Jones industrial average ranging 250-500 points in a single day becoming com-monplace, investors are fl ocking to a less bumpy, more secure place to invest their money. That place is commercial real estate.

One look at the above chart of the Dow Jones changes shows a drastic drop in the second half of 2011.

Individual investors invested $2.1 billion in commercial real estate in 2010, up from $579 million, according to Real Capital Analytics Inc. This trend is expected to in-crease to the $3.5+ billion range in 2011. The Reason: Investors Want Security.

Commercial Real Estate investments such as single tenant net-leased properties, multi-tenant offi ce buildings and shopping centers provide an investor with a physi-cal asset they can use to build their portfolio. Single Tenant Net-Leased Investments has been the most popular investment among investors as they typically provide investors with a 10-20 year lease while the tenant pays all the operating expenses. These investments are the defi nition of passive investments as Landlord’s can rely on the lease in place to pay off any debt on the building. According to Entrepreneur.com, commercial property helps diversify risk as investors can rely on leases in place as opposed to how the market feels about a company at a given time. The stability of longer term leases helps you prepare for a pre-determined return over time. The stock market does not allow for this. According to the CCIM Institute, com-mercial real estate provides a more stable environment that is less volatile.

Tired of riding the volatile ride of the stock market? Invest in commercial real estate. Coldwell Banker Commercial has the understanding and know-how to locate you a single or multi-tenant investment that produces a range of 7% - 12% per year with less stress than the stock market. Let us help explain the positive effect that com-mercial real estate can have on your portfolio. We are a local company with a nation-al reach that knows the ins and outs of investing. Give us a call today to discuss

The Investor Flight From Stock Marketto Commercial Real Estate Investments

Coldwell Banker Commercialrepresented the Seller in the disposition of a 2,801 SF offi ce building.

Coldwell Banker Commercialrepresented the Landlord in leasing 8,668 SF of retail space in Salem Village Annex.

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Coldwell Banker Commercialrepresented the Buyer in the ac-quisition of a NNN Investment property in Lubbock, TX.


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Sonoma Plaza

6006 - 82ND STREET

Used Car Facility Mission Plaza Center

5721 FRANKFORD AVENUE 3501 - 50TH STREET

Represented the Landlord and the Tenant in leasing 2,521 SF of professional offi ce space in Somona Plaza.

Represented the Seller and Buyer in the disposition and acquisition of a 3,400 SF used car facility.

Represented the Landlord and the Tenant in leasing 6,000 SF of reatil space in Mission Plaza Center.

3515 - 50TH STREET

Coldwell Banker Commercial rep-resented the Seller in the disposition of this NNN Investment property.

The property is the Wild Burger Grill restaurant in Lubbock, TX.

Offi ce / Warehouse

5813 E. 4TH STREET

Represented the Seller and the Buyer in the disposition and acquisition of a 7,487 SF offi ce / warehouse.

Wild Burger Grill

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Just Leased

Just LeasedJust Sold

Just Sold

Just Sold

17 BRIERCROFT 2032 - 82ND STREET

2024 BROADWAY AVENUE

Represented the Seller in the disposition of a 2,801 SF offi ce building in Briercroft Offi ce Park.

Represented the Landlord and the Tenant in leasing 2,260 SF of offi ce space in South Pointe Business Park.

Represented the Seller in the disposition of a 2,354 SF offi ce building near Texas Tech University.

4337 - 50TH STREET

3223 S. LOOP 289

Represented the Landlord and the Tenant in leasing 3,525 SF of offi ce space in Pyramid Plaza Offi ce Bldg.

Coldwell Banker Commercial rep-resented the Buyer in the acquisiton of this NNN Investment property.

The property is a Taylor Petroleum convenience store in Lubbock, TX.

Taylor Convenience Store

Offi ce Building

7

Pyramid Plaza Offi ce Bldg.

Briercroft Offi ce Park South Pointe Business Park

Just Leased Just Sold

Just Sold Just Leased

Just Sold

South Plains Crossing

6802 SLIDE ROAD

Pyramid Plaza Warehouse

3323 S. LOOP 289 802 E. 34TH STREET

Represented the Landlord and the Tenant in leasing 5,600 SF of retail space in South Plains Crossing.

Represented the Landlord and the Tenant in leasing a 8,448 SF offi ce space in Pyramid Plaza Offi ce Building.

Represented the Seller and the Buyer in the disposition and acquisition of a 16,000 SF warehouse.

68TH STREET & IOLA AVE.

Coldwell Banker Commercial rep-resented the Seller and the Buyer in the disposition and acquisition of 6 acres of development land for Crown Pointe Health Care.

Offi ce / Warehouse

8802 URBANA AVENUE

Represented the Landlord in leasing a 3,000 SF offi ce/warehouse building in southwest Lubbock.

Crown Pointe Health

8


Just Leased Just Leased

Just Sold

4621 S. LOOP 289 1915 TEXAS AVENUE

405 SLIDE ROAD

Represented the Landlord in leasing 8,668 SF of retail space in Salem Village Annex.

Represented the Buyer in the acquisition of a retail/ware-house building just off Interstate 27 and 19th Street.

Represented the Landlord and the Tenant in leasing 1,310 SF of retail space in Northpark Village Center.

73RD STREET & MILWAUKEE

3207 - 50TH STREET

Represented the Landlord and the Tenant in leasing 1,573 SF of retail space.

Coldwell Banker Commercial rep-resented the Seller and the Buyer in the disposition and acquisition of a 11.9 acre tract of development land.

This will be the site of the soon to be constructed Tuscany Park Apart-ments - a 278 unit multi-family project.

Site For Multi-Family Development

Northpark Village

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Subject

Storefront Retail Space

Salem Village Annex Retail / Warehouse

Just Sold


Just Leased Just Leased

Development Land

6221 - 82ND STREET

Warehouse/Distrubution South Pointe Business Park

6024 - 45TH STREET 2032 - 82ND STREET

Represented the Seller and the Buyer in the disposition and acquisition of 39,603 SF of land for a Battery Joes.

Represented the Landlord in leasing a 26,417 SF ware-house/distribution building in Sante Fe Industrial Park.

Represented the Landlord and the Tenant in leasing 2,104 SF of offi ce space in South Pointe Business Park.

3249 - 50TH STREET

Coldwell Banker Commercial rep-resented the Landlord and the Ten-ant in leasing 23,000 SF of retail space for a new Planet Fitness fa-cility located at the intersection of 50th Street and Indiana Avenue.

Former Hollywood Video

7819 SLIDE ROAD

Represented the Buyer in the acquisition of a 7,519 SF retail building in southwest Lubbock.

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Retail Big Box

Just LeasedJust Leased

Just SoldJust Sold

Just Leased

3323 S. LOOP 289 82ND STREET AND MILWAUKEE AVE.

4412 - 74TH STREET

Represented the Landlord & Tenant in leasing 1,420 SF of offi ce space in Pyramid Plaza Offi ce Building.

Represented the Buyer in the acquisition of 58,876 sq. ft. of land for the construction of a MightyWash Car Wash.

Represented the Landlord and the Tenant in leasing 1,758 SF of offi ce space in Coopertree Offi ce Park.

NNN INVESTMENT

98TH STREET & FRANKFORD AVENUE

Represented the Buyer in the acquisition of a NNN In-vestment retail property in Lubbock, Texas.

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Coldwell Banker Commercial rep-resented the Buyer in the acquisi-tion of a Whataburger restaurant.

This NNN Investment was located in Mansfi eld, TX

Whataburger - Mansfi eld, TX

Coppertree Offi ce ParkStripes Convenience Store

Pyramid Plaza Offi ce Bldg. MightyWash Car Wash

SubjectJust Leased Just Sold


Just Sold

12

Huntington Business Park

12201 GENEVA AVENUE

Represented the Buyer in purchasing a 7,250 SF offi ce/warehouse facility on 2.18 acres.

Northpark Village Center

405 SLIDE ROAD

Represented the Landlord in leasing 1,923 SF of retail space in Northpark Village Center.

Lakeridge Professional Bldg.

4903 - 82ND STREET

Represented the Landlord in leasing 3,153 SF of space in Lakeridge Professional Building.

Pyramid Plaza

3323 S. LOOP 289

Represented the Landlord and the Tenant in leasing 10,261 SF of space in Pyramid Plaza Offi ce Building.

NNN INVESTMENT

Coldwell Banker Commercial rep-resented the Buyer in the acquisi-tion of a Tony Roma’s restaurant.

This NNN Investment was located in Bryan, TX

Tony Roma’s -- Bryan, TX


Just LeasedJust Leased

Just Sold

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� Lubbock� Amarillo� Abilene� Midland� Odessa� San Angelo

The West Texas Multi-Family TeamThe West Texas Multi-Family team is the premier apartment brokerage team in West Texas. With more than 40 years of combined experience, we are qualifi ed to serve your individual needs.

The strength of the Team lies in our mar-keting capabilities, property analysis, and market expertise that is second to none.

If you are considering buying or selling an apartment community, contact us.

Taylor Tucker, CCIM Rick Canup, CCIMDIRECT: 806.784.3260 DIRECT: 806.784.3204CELL: 806.470.3844 CELL: [email protected] [email protected]

Our PrimaryMarket Area

Off-Market TransactionsMany apartments sell or trade “Off-Market”. Contact us for

additional apartments in Texas.

Featured Properties

Sagewood ApartmentsLocation: Lubbock, TXSize: 355 UnitsStatus: SoldRepresentation: Buyer

Snyder PortfolioLocation: Snyder, TXSize: 101 UnitsStatus: SoldRepresentation: Buyer

Peppertree ApartmentsLocation: Lubbock, TXSize: 180 UnitsStatus: SoldRepresentation: Buyer / Seller

Abilene PortfolioLocation: Abilene, TXSize: 144 UnitsStatus: SoldRepresentation: Buyer / Seller

Quail Hollow ApartmentsLocation: Midland, TXSize: 128 UnitsStatus: SoldRepresentation: Buyer / Seller

Las QuintasLocation: Lubbock, TXSize: 75 UnitsStatus: SoldRepresentation: Buyer / Seller

Meadowglen TownhomesLocation: Lubbock, TXSize: 32 UnitsStatus: SoldRepresentation: Buyer

SportsmanLocation: Lubbock, TXSize: 24 UnitsStatus: SoldRepresentation: Buyer / Seller

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6223 - 82ND STREET

� 18,487 square feet (133’ x 139’)� Just off 82nd Street behind a new Battery Joe’s� $295,792 Sales Price ($16 per SF)

87th STREET & BROWNFIELD HWY.

� 43.95 total acres of development land� Frontage along the Brownfi eld Hwy. (US 62/82)� $1.50 per square foot - - $6.00 per square foot

4 PRIME DEVELOPMENT TRACTS - VINTAGE TOWNSHIP

� Tract A - 9.08 acres / $4.75 per SF � Tract C - 7.4 acres / $2.75 per SF� Tract B - 11.3 acres / $4.50 per SF � Tract D - 0.7 acre pad / $6.00 per SF

� Offi ce � Restaurant � Retail� Multi-Family � Medical Offi ce

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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 open with Middle School Under Construction

31 ACRES - 34TH & MILWAUKEE AVE.

� Four development tracts - could be subdivided� Frontage on 34th Street and Milwaukee Avenue� $3.50 per square foot - - $4.50 per square foot

5109 - 82ND STREET

� 4.08 Acres of Prime Development Land� Retail - Offi ce - Medical - Restaurant - Financial� $15.00 per square foot

SLIDE ROAD & N. LOOP 289

� Approx. 400’ of frontage along Slide Road� Approx. 311’ of frontage along N. Loop 289 frontage� 2.412 acres � $16.00 PSF

11003 QUAKER AVENUE

� Approx. 300’ of frontage along Quaker Avenue� Sale / Lease / Build to Suit� 1.52 acres � $8.75 PSF

6424 - 4TH STREET

� Corner tract fronting both 4th St. & Milwaukee Ave. � Across from Applebbe’s & planned United Supermarket� 7.126 acres � $6.50 PSF

301 AVENUE Q

� Frontage along Marsha Sharp Frwy. and Avenue Q � Near new Wal-mart Supercenter & national hotels� 2 acres (+/-) � $17.50 PSF

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4100 ERSKINE STREET

� Less than one mile from Texas Tech University� Within 1-mile of a 543 acre - 1,700 home development� Two 15 acre tracts � $16.00 PSF

4411 - 19TH STREET

� Site of a new United Market Street and other retail� Near the intersection of 19th St. and Quaker Ave.� 14,960 SF Pad Site � Contact Broker on pricing

6802 - 82ND STREET

� Corner tract fronting both 82nd St. & Pontiac Ave.� 2.405 acre � $8.75 PSF

NWC 0F FM 179 & DONALD PRESTON

� Prime corner location across from a planned CVS � Adjacent to Frenship ISD High School� 3 acres (+/-) � $10.00 PSF

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VINTAGE MARKET HALL12002 Trafalger Avenue

OFFICE BUILDING - UNIVERSITY AREA2114 Broadway Avenue

� 2-story offi ce building near Texas Tech University� 9 private offi ces - media room - coffee bar� Current owner will vacate 3 offi ces or lease back � $376,500 Sales Price

“CLASS A” OFFICE BUILDING10905 Quaker Avenue

� 8 private offi ces - conference room - media room� Large reception with fi replace - 4 restrooms� 5,521 SF building with good off-street parking� $699,000 Sales Price� $14.50 PSF (NNN) Lease Rate

� 3-story offi ce/retail building with store-front 1st fl oor � 1,734 SF offi ce (1st fl oor) / 1,484 SF offi ce (2nd fl oor)� French Creole architectural styled building� $402,150 Sales Price (1,734 SF offi ce unit)� $311,830 Sales Price (1,484 SF offi ce unit)

� Two adjacent offi ce/fl ex buildings - corner location� 27,402 total gross leasable square feet� Spaces feature overhead doors or double wide doors� $1,570,000 Sales Price� 8.76% CAP Rate (Broker’s Proforma)

NNN INVESTMENT - OFFICE/FLEX6310 Genoa Ave. & 5901 - 63rd Street

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For Sale For Sale or Lease

For Sale For Sale

Price Reduced

19

� Annual rent increases � 20 year lease� Absolute NNN lease � 5,878 square feet

STRIPES - Lubbock, TX

� 7.0% CAP Rate � 20 year lease� Absolute NNN lease � 3,200 square feet

JACK IN THE BOX - Midland, TX


JACK IN THE BOX - Lubbock, TX

Sold

� Annual rent increases � 20 year lease� Absolute NNN lease � 3,259 square feet

WHATABURGER - Mansfi eld, TX


JACK IN THE BOX - Odessa, TX


JACK IN THE BOX - Midland, TX

Sold

For SaleFor Sale

For SaleFor Sale

RIVER CROSSING CENTER6015 - 82nd Street

STOREFRONT RETAIL BUILDING3207 - 34th Street

� 34th Street just east of Indiana Avenue� 7,080 SF building with offi ce space� Open showroom area with storefront glass� Large shop/warehouse area with overhead door � $142,000 Sales Price

FREESTANDING RETAIL BUILDING3007 - 50th Street

� Prime 50th Street location� 4,000 SF building with covered drive-through� 20,400 SF of land� Built in 2004� $359,000 Sales Price

� Two spaces available - 9,537 SF and 7,083 SF� Endcap space suitable for retail or offi ce use� Highly visible location with great traffi c fl ow� Prime 82nd Street frontage� $14.00 PSF (NNN)

� 1,068 SF, 1,334 SF, and 2,282 SF available � Former restaurant space available (up to 3,616 SF)� Storefront space at 4th Street and Slide Road� Anchored by United Supermarket� $14.00 PSF (NNN)

NORTHPARK VILLAGE CENTER401 Slide Road

20

For Lease

For Sale

For Lease

For Sale

� $649,500 Sales Price� $5,000 per month Lease Price (NNN)� Showroom area and 4 private offi ces � 3 bay warehouse and a parts area

4602 AVENUE A 2422 CLOVIS ROAD

� $95,000 Sales Price� Main building with 2 walk-in coolers & 2 freezers� Large processing area, offi ce, & several work areas� Warehouse is a 4 bay building with 4 overhead doors� Currently a beef jerky processing facility

2314 COLGATE AVENUE 301 AVENUE O

� $450,000 Sales Price� 42,267 SF - 4 metal buildings with 10 cranes� Offi ce building with 8 offi ces & lg. drafting room � 3 individual alarm systems� 7.16 acres with fully fenced yard

� $312,450 Sales Price� 20,120 SF warehouse with 2 private offi ces� One truck well with 2 dock-high overhead doors � 2nd truck well with large dock & overhead door � One grade-level overhead door

21

For Sale

For Sale For Sale

For Sale or Lease

Coldwell Banker Commercialrepresented the Seller in the dis-position of a 24,178 SF ware-house in southwest Lubbock.

Coldwell Banker Commercialrepresented the Landlord and Tenant in leasing a 1,629 SF offi ce space in Lakeridge Pro-fessional Offi ce Building.

Coldwell Banker Commercialrepresented the Purchaser in the acquisition of a NNN Invest-ment property: a KFC in Pan-tego, TX

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 (NNN)

For Lease South Plains Crossing

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 BLDG.


For Lease South Plains Crossing

RETAIL SPACE

4621 S. Loop 289 3,900 SF (Retail or Offi ce space fronting S. Loop 289 - highly visible) $13.00 PSF (NNN)

For LeaseSalem 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 LeaseSunridge Center

RETAIL SPACE

4206 - 50th; Suite B 1,610 SF(Two adjoining retail areas with a service counter & offi ce) $7.00 PSF (NNN)

For Lease

RETAIL SPACE

701 Broadway Ave. 11,500 SF (A two-story building in the downtown business district) $300,000

For Sale

RETAIL BLDG.

103 W. Main Street, Earth, TX 2,800 SF(Former Dairy Queen restaurant - equipment included)

$125,000

For Sale

22

RETAIL SPACE

12006 Trafalger Ave., Ste 101 1,504 SF (Retail storefront space - restaurant equipment included)

$384,950 Sales Price / $3,000 mo. (NNN)

For Sale or Lease

RETAIL SPACE

3416 - 34th Street 3,158 SF (Highly visible - major intersection - storefront space) $5.50 PSF (NNN)

For LeaseIndiana Gardens North

RETAIL BLDG.

5129 - 69th Street 1,980 SF (An operating oil change facility in southwest Lubbock) $200,000

For Sale

RETAIL BLDG.

19th Street & Avenue A 384 SF (A fast food drive-in restaurant on 1.26 acres of land) $235,000

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

RETAIL SPACE


For Lease

RETAIL BLDG.

5120 - 34th Street 10,908 SF(High visibility - former CVS Pharmacy building)

$10.00 PSF (NNN)

For Sub-Lease

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 LeaseSunridge Center

23

South Plains Crossing

Coldwell Banker Commercialrepresented the Purchaser in the acquisition of the 24 unit Elkhart Apartments in Lub-bock.

Coldwell Banker Commercialrepresented the Purchaser in the acquisition of a NNN Invest-ment property: 158,546 SF Guyland Shopping Center in Dumas, TX.

Coldwell Banker Commercialrepresented the Seller and Pur-chaser in the disposition and acquisition of a 9,400 SF offi ce/warehouse.

OFFICE/FLEX SPACE

5901 - 63rd Street 27,402 SF (2 offi ce/fl ex buildings - overhead doors or double steel doors) $1,570,000 / 8.76% CAP rate

For Sale

OFFICE BLDG.

3610 - 34th Street 6,100 SF(Interior gutted - ready for fi nish-out. Close to medical district.) $350,000

For Sale

OFFICE BLDG.

11001 Quaker Avenue 4,398 SF(10 offi ces - reception w/fi replace - lg. conference - kitchen) $695,000

For Sale Under Const.

OFFICE/FLEX SPACE

5919 - 50th Street; Ste C 754 SF(Large reception/offi ce with warehouse and overhead door) $475 month (Modifi ed Gross)

For Lease

RETAIL BLDG.

710 E. Broadway 676 SF (A drive-in restaurant with covered parking & all equipment) $85,000

For Sale

OFFICE/FLEX

5925 - 50th Street 1,320 SF(Metal building - 3 offi ces & attached 120 sq. ft. storage space) $950 month (Modifi ed Gross)

For Lease

OFFICE SPACE

3223 S. Loop 289 174 SF & 299 SF(Executive suites / multi-level waterfall / glass elevators) $24.00 PSF (Full Service)

For Lease

OFFICE SUITE

12006 Trafalger Ave., Ste 201 1,484 SF(2nd fl oor space - 6 private offi ces - reception - full balcony) $311,830

For Sale

24

Pyramid Plaza

OFFICE BLDG.

2401 S. Hall, Littlefi eld 6,385 SF(Medical clinic with multiple exam rooms and offi ces)

$14.10 PSF (NNN)

OFFICE SPACE

5502 - 58th Street 2,073 SF(6 private offi ces, conference room, data room & break room) $13.00 PSF (Modifi ed Gross)

OFFICE SPACE

3513 - 50th Street 6,824 SF(2-tenant building next to Market Street on Indiana & 50th) $458,311 (9% CAP Rate)

NNN Investment

OFFICE SPACE

2034 - 82nd St. Two 1,052 SF units available(Highly vsisble 82nd Street location)

$14.75 PSF (Full Service)

For Lease South Pointe

OFFICE SPACE

2602 - 50th Street 5,000 SF(2-tenant building with off-street parking - near University Ave.) $582,200 (9% CAP Rate)

For SaleNNN Investment

OFFICE BLDG.

2732 - 82nd; Suite A 1,823 SF (Five private offi ces, large conference room and reception) $15 PSF (Modifi ed Gross)

For Lease

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 Pyramid Plaza

OFFICE BLDG.

1116 Broadway; Suite B 1,537 SF (2 oversized private offi ces with large reception area) $12.00 PSF (Modifi ed Gross)

For Lease

OFFICE SPACE

6306 Iola 4,000 and 4,245 SF(7-year old freestanding offi ce building with multiple suites)

$12.50 PSF (Mod. Gross)

For Lease

OFFICE BLDG.

400 Wall St., Midland, TX 180,000 SF(High-rise offi ce 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

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For Sale

For Lease

For Lease

For Sale

Former Medical Clinic

Chicago Court

Coldwell Banker Commercialrepresented the Landlord and Tenant in leasing 3,206 SF in Pyramid Plaza Offi ce Bldg.

Coldwell Banker Commercialrepresented the Buyer in the ac-quisition of the 355 unit Sage-wood Apartments in Lubbock.

Coldwell Banker Commercialrepresented the Landlord and Tenant in leasing 1,923 SF of offi ce space in Northpark Vil-lage Shopping Center.

OFFICE SPACE

2401 S. Hall, Littlefi eld 6,385 SF(Medical clinic with multiple exam rooms and offi ces)

$750,000

For Sale

OFFICE SUITE

12004 Trafalger Ave., Ste 102 1,734SF (Quality “Class A” offi ce space - open design)

$402,150

For SaleVintage Market Hall

OFFICE SPACE

7310 Slide Road 2,272 SF( New offi ce space that can be confi gured to tenant’s needs)

$16.50 PSF (NNN)

For Lease

OFFICE SPACE

11001 Quaker Avenue 4,398 SF(10 offi ces - reception w/fi replace - lg. conference - kitchen) $15.00 PSF (NNN)

For Lease

OFFICE BLDG.

4412 - 50th Street 2,400 SF(Medical offi ce - 6 exam rooms - spacious private offi ce) $215,000

For Sale

OFFICE SPACE

6012 - 82nd Street 1,223 SF (Storefront space in an attractive building with high visibility) $16.00 PSF (NNN)

For Sub-Lease

OFFICE SPACE

3223 S. Loop 289 4,181 SF (Large atrium / multi-level waterfall / glass elevators)


For Lease Pyramid Plaza

OFFICE BLDG.

2407 - 20th Street 1,259 SF(3 private offi ces, large reception, and break area - walk to TTU) $12.00 PSF (Modifi ed Gross)

For Lease

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Under Const.

Former Medical Clinic

OFFICE SPACE

5901 - 63rd Street 4,932 SF(Multiple offi ces - large warehouse/shop area w/overhead door) $10.00 PSF (Modifi ed Gross)

For Lease

OFFICE SPACE

4747 S. Loop 289 1,998 SF(Quality space with multiple offi ces - large conference room)


For Lease

OFFICE SPACE

5313 - 50th Street 800 SF(Two private offi ces with reception - coffee bar area)

$9.75 PSF (Modifi ed Gross)

For Lease

OFFICE SPACE

3223 S. Loop 289; Ste 240 4,181 SF(Large atrium / multi-level waterfall / glass elevators) $16.00 PSF (Full Service)

For LeasePyramid Plaza

OFFICE SPACE

7802 Indiana Avenue 2,973 SF (Great location - high traffi c fronting Indiana Avenue) $13.50 PSF (Modifi ed Gross)

For Lease

OFFICE/FLEX

2909 Interstate 27 1,920 SF(3 private offi ces - coffee bar - lg. warehouse w/overhead door) $80,000

OFFICE/FLEX

6310 Genoa Ave. / 5901 - 63rd 27,402 SF(2 offi ce/fl ex buildings - overhead doors or double steel doors)

$1,570,000 / 8.76% CAP Rate

For Sale

OFFICE SPACE

8302 Indiana Ave. 1,695 SF (5 private offi ces with break room - excellent location)

$11.50 PSF (Modifi ed Gross)

For Lease

OFFICE BLDG.

3610 - 34th Street 6,100 SF(Interior gutted - ready for fi nish-out. Close to medical district.) $350,000

For Sale

OFFICE/FLEX SPACE

5919 - 50th Street, Ste B 705 SF(Large reception - 1 offi ce - warehouse space w/overhead door) $475 month (Modifi ed Gross)

OFFICE/FLEX SPACE

5925 - 50th Street 1,320 SF(Metal building - 3 offi ces & attached 120 sq. ft. storage space) $950 month (Modifi ed Gross)

For Lease

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For Sale For Lease

Coldwell Banker Commercialrepresented the Seller in the dis-position of a 30,000 SF offi ce building in north Lubbock.

Coldwell Banker Commercialrepresented the Landlord in leasing 3,185 SF of retail space in MIssion Plaza Center.

Coldwell Banker Commercialrepresented the Landlord in leasing 3,416 SF of offi ce space in southcentral Lubbock.

OFFICE/FLEX

5919 - 50th Street, Ste B 705 SF(Large reception - 1 offi ce - warehouse space w/overhead door) $475 month (Modifi ed Gross)

For Lease

OFFICE/WRHSE.

1201 N. Gary Avenue 57,880 SF(3 buildings - newly remodeled offi ces - 11 cranes - fenced) $1.55 PSF (NNN)

For Lease

OFFICE/WRHSE.

3215 E. Slaton Hwy. 5,000 SF(Nice metal building - offi ce space - double overhead doors)

$295,000

For Sale

WAREHOUSE

4229 Idalou Highway 9,752SF(Currently a church - small kitchen - 2 apartment units)

$125,000

For Sale

OFFICE BLDG.

3610 - 34th Street 756 SF to 6,100 SF(Interior gutted - ready for fi nish-out. Close to medical district.) $10 PSF (NNN)

For Lease

WAREHOUSE

4008 Avenue A 4,200 SF(High-bay warehouse / drive-thru overhead doors - fenced lot) $295,000

For Sale

WAREHOUSE

1525 E. 34th Street 15,228 SF(Metal building - 2 dock high doors / 2 ramp access doors)

$300,000

For Sale

OFFICE/WRHSE.

714 - 34th Street 30,275 SF (3 warehouse buildings - 8 offi ces - fenced - renovating now) $350,000

For Sale

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OFFICE/WRHSE.

3501 Globe Ave. 1,810 SF(2 private offi ces & reception - warehouse has overhead door) $1,000 month PSF (NNN)

For Lease

WAREHOUSE

4229 Idalou Highway 9,752SF(Currently a church - small kitchen - 2 apartment units)

$1,450 month (NNN)

For Lease

WAREHOUSE

222 N. Avenue U 14,400 SF(Lg. metal warehouse - fenced yard - lg. overhead doors) $2.40 PSF (Modifi ed Gross)

For Lease

WAREHOUSE

8110 N. Frankford Ave. 8,204 SF (Warehouse with truck well in front and 2 overhead doors) $1,500 month (Modifi ed Gross)

For Lease

OFFICE/WRHSE.

1201 N. Gary Avenue 57,880 SF(3 buildings - newly remodeled offi ces - 11 cranes - fenced) $850,000

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

1525 E. 34th Street 8,228 SF(Metal building - 2 dock high doors / 2 ramp access doors)

$2,000 month (Modifi ed Gross)

For Lease

WAREHOUSE

2010 Clovis Hwy. 17,191 SF (Six individual units - 100% leased) $340,000

For Sale

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WAREHOUSE

4602 Avenue A 27,025 SF(Showroom - 4 offi ces - parts area - 3 warehouse areas)

$2.44 PSF (NNN)

For Lease

WAREHOUSE

906 Avenue U 3,000 SF(Metal bldg. with 2 grade-level doors - 1 crane - fenced yard) $200,000

For Sale

OFFICE/WRHSE.

714 - 34th Street 30,275 SF (3 warehouse buildings - 8 offi ces - fenced - renovating now) $2.50 PSF (NNN)

For Lease

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N. Loop 289 & Memphis 6.05 Acres $7.44 per SF

4100 Erskine Street 30 Acres Call Broker

NWC 82nd & FM 179 3 Acres $10 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

409 Main, Wolfforth 22,750 SF $3.52 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

4103 N. Frankford 12 Acres $210,000

6600 - 66th Street 6.11 Acres $6.00 per SF


7221 Brownfi eld 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



6223 - 82nd Street 18,487 SF $16 per SF


NWC of 122nd & Quaker 7.4 Acres $2.75 per SF

6802 - 82nd Street 0.86 Acres $12.00 per SF

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SWC of 34th & Milwaukee 31 Acres $ 3.50 - $5.50 per SF

11806 Slide Road 1.44 Acres $5.00 per SF



106th & Quaker Ave. 2.04 Acres $9.00 per SF

123rd & Slide Road 3.67 Acres $7.00 per SF

Brownfi eld Hwy & 87th 43.995 Acres $1.50 - $6.00 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 120 Acres $5,808 per Acre

98th Street & Indiana Ave. 1.9 Acres $12.00 per SF

11003 Quaker Ave. 1.52 Acres $8.75 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


7907 FM 179 21,000 SF $12.00 per SF

SEC of 114th & Slide Rd. 9.08 Acres $4.50 per acre

207 U.S. Hwy 62/82 3.19 Acres $2.34 per SF

4925 Marsha Sharp Frwy. 2.35 Acres $5.00 per SF

SWC Quaker & 114th 11.3 Acres $4.50 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 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


301 Avenue Q 2.00 Acres $17.50 per SF

12403 Upton 30 Acres $15,000 per Acre




72nd Street & Kewanee 11.9 Acres4100 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 Acres73rd & Slide Road 24,200 SF68th Street & Iola Ave. 5 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 Fairfi eld Inn.

Specializing in the brokerage, leasing and management of offi ce and retail properties. Participated in the sale or lease of commercial properties with a total volume exceeding $148,000,000 and has leased over 1,900,000 sq. ft. of offi ce and retail space. Currently responsible for the management or leasing of over 500,000 sq. ft. of commercial properties.

Certifi ed Commercial Investment Member (CCIM). “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, offi ce, and mixed-use end users and developers. Member of ICSC and RECON attendee. Member of the REALTORS Land Institute (RLI) and currently pursuing the coveted Land Consultant (ALC) designation. Maintains a database of over 1,750 investors. Responsible for over $80,000,000 of land inventory.

Certifi ed 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.

Certifi ed Commercial Investment Member (CCIM). Specializing in Industrial and Offi ce Brokerage and Leasing as well as Investments. Maintains a data-base of over 950 Industrial properties representing over 45,000,000 sq. ft. of space and approximately 2,000 owners and investors. Member of the Coldwell Banker Commercial Industrial Group. Graduate of Texas Tech Rawls College of Business.

Rick Canup, CCIM 806.784.3204 Scott Womack 806.784.3265

Taylor Tucker, CCIM 806.784.3260Jef Conn, CCIM, MBA 806.784.3216

Beau Tucker, CCIM 806.784.3298 “EXPERT KNOWLEDGE AT WORK FOR Y0U”

A TEAM approach to the brokerage, leasing, and management of retail centers, offi ce buildings, and industrial properties as well as the brokerage of apartments and land development opportunities.

CHANGE SERVICE REQUESTED

Fall 2011 Advantage Newsletter

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Transcript of Fall 2011 Advantage Newsletter