retail for sale ransom canyon retail center...8310 e fm 3523, lubbock, tx 79464 ransom canyon retail...
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8310 E FM 3523, Lubbock, TX 79464
RANSOM CANYON RETAIL CENTER
RETAIL FOR SALE
www.Lubbockcommercialrealestate.com
THE POWELL GROUP806.239.080410210 Quaker AvenueLubbock, TX 79424
DAVID POWELLCommercial Broker/ Murphy Business [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
PROPERTY OVERVIEWInvestment or owner-user with lease income. Three suites leased.Proforma cap rate at 9%. This quality built retail center offers viewsof both Ransom Canyon and Buffalo Spring Lakes. Fully equipped3,000 SF restaurant with drive-thru and gas-powered brick oven.Eight 1,200SF suites both completely finished-out and empty shell.Spacious parking. Don't miss out on this great opportunity!
Located on FM 3523 and Ransom Road at the entrance to theRansom Canyon Lake community. Approximately 5 miles east ofLubbock and less than 10 minutes from Buffalo Springs Lake.
PROPERTY FEATURESGrade level doors in back of building
Two outdoor patio areas with seating
SALE PRICE: $975,000
LEASE RATE: $6.50 SF/YR + (NNN $1.50/SF YRLY)
LOT SIZE: 1.95 Acres
BUILDING SIZE: 12,600 SF
YEAR BUILT: 2003
http://www.Lubbockcommercialrealestate.com
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www.Lubbockcommercialrealestate.com
THE POWELL GROUP806.239.080410210 Quaker AvenueLubbock, TX 79424
DAVID POWELLCommercial Broker/ Murphy Business [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
8310 E FM 3523, Lubbock, TX 79464
RANSOM CANYON RETAIL CENTER
RETAIL FOR SALE
http://www.Lubbockcommercialrealestate.com
-
www.Lubbockcommercialrealestate.com
THE POWELL GROUP806.239.080410210 Quaker AvenueLubbock, TX 79424
DAVID POWELLCommercial Broker/ Murphy Business [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
8310 E FM 3523, Lubbock, TX 79464
RANSOM CANYON RETAIL CENTER
RETAIL FOR SALE
http://www.Lubbockcommercialrealestate.com
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8310 E FM 3523, Lubbock, TX 79464
RANSOM CANYON RETAIL CENTER
RETAIL FOR SALE
TENANTNAME
UNITNUMBER
UNITSIZE (SF)
MARKETRENT
ANNUALRENT
MONTHLYRENT
% OFGLA
PRICEPER SF/YR
Farm to Fork 100-110 3,000 $31,800 $2,650 23.81 $10.60
VACANT 120 1,200 $9,600 $800 9.52 $8.00
VACANT 130 1,200 $9,600 $800 9.52 $8.00
Berkshire HathawayReal Estate
140 1,200 $10,200 $850 9.52 $8.50
VACANT 150 1,200 $9,600 $800 9.52 $8.00
VACANT 160 1,200 $9,600 $800 9.52 $8.00
VACANT 170 1,200 $9,600 $800 9.52 $8.00
Fitness Club 180-190 2,400 $16,200 $1,350 19.05 $6.75
TOTALS/AVERAGES 12,600 $0 $106,200 $8,850 $8.43
www.Lubbockcommercialrealestate.com
THE POWELL GROUP806.239.080410210 Quaker AvenueLubbock, TX 79424
DAVID POWELLCommercial Broker/ Murphy Business [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
http://www.Lubbockcommercialrealestate.com
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Suite # SF Monthly Rate (6.5/SF) Annualized Income
100 & 110 3,000.00 2,500.00$ 30,000.00$
120 1,200.00 650.00$ 7,800.00$
130 1,200.00 650.00$ 7,800.00$
140 1,200.00 850.00$ 10,200.00$
150 1,200.00 650.00$ 7,800.00$
160 1,200.00 650.00$ 7,800.00$
170 1,200.00 650.00$ 7,800.00$
180 & 190 2,400.00 1,350.00$ 16,200.00$
NNN income 18,900.00$
Total Income: 7,950.00$ 114,300.00$
Expenses
Taxes
Insurance
Water
Total Expenses (18,900.00)$
Vacancy Rate 5% (5,715.00)$
NOI 89,685.00$ Cap Rate 9%
Pro-forma $6.5-$10/SF
www.Lubbockcommercialrealestate.com
THE POWELL GROUP806.239.080410210 Quaker AvenueLubbock, TX 79424
DAVID POWELLCommercial Broker/ Murphy Business [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
8310 E FM 3523, Lubbock, TX 79464
RANSOM CANYON RETAIL CENTER
RETAIL FOR SALE
http://www.Lubbockcommercialrealestate.com
-
www.Lubbockcommercialrealestate.com
THE POWELL GROUP806.239.080410210 Quaker AvenueLubbock, TX 79424
DAVID POWELLCommercial Broker/ Murphy Business [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
8310 E FM 3523, Lubbock, TX 79464
RANSOM CANYON RETAIL CENTER
RETAIL FOR SALE
http://www.Lubbockcommercialrealestate.com
-
www.Lubbockcommercialrealestate.com
THE POWELL GROUP806.239.080410210 Quaker AvenueLubbock, TX 79424
DAVID POWELLCommercial Broker/ Murphy Business [email protected]
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
* Demographic data derived from 2010 US Census
8310 E FM 3523, Lubbock, TX 79464
RANSOM CANYON RETAIL CENTER
RETAIL FOR SALE
ETHNICITY 1 MILE 10 MILES 30 MILES
% HISPANIC 16.7% 38.8% 32.8%
RACE 1 MILE 10 MILES 30 MILES
% WHITE 94.4% 57.4% 79.7%
% BLACK 0.0% 26.3% 6.9%
% ASIAN 0.0% 0.2% 1.7%
% HAWAIIAN 0.0% 0.2% 0.1%
% INDIAN 0.0% 0.4% 0.7%
% OTHER 1.9% 11.5% 8.4%
POPULATION 1 MILE 10 MILES 30 MILES
TOTAL POPULATION 54 26,715 336,274
MEDIAN AGE 39.2 33.7 32.3
MEDIAN AGE (MALE) 38.2 31.5 31.5
MEDIAN AGE (FEMALE) 40.8 36.1 33.3
HOUSEHOLDS & INCOME 1 MILE 10 MILES 30 MILES
TOTAL HOUSEHOLDS 20 9,255 126,336
# OF PERSONS PER HH 2.7 2.9 2.7
AVERAGE HH INCOME $76,608 $46,915 $58,829
AVERAGE HOUSE VALUE $88,465 $136,105
http://www.Lubbockcommercialrealestate.com
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11-2-2015
Information About Brokerage Services Texas law requires all real estate license holders to give the following informaƟon about
brokerage services to prospecƟve buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material informaƟon about the property or transacƟon received by the broker; • Answer the client’s quesƟons and present any offer to or counter-offer from the client; and • Treat all parƟes to a real estate transacƟon honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:
• Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and
buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon. • Must not, unless specifically authorized in wriƟng to do so by the party, disclose: ᴑ that the owner will accept a price less than the wriƩen asking price; ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; and ᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to
disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.
Licensed Broker /Broker Firm Name or Primary Assumed Business Name
License No. Email Phone
Designated Broker of Firm License No. Email Phone
Licensed Supervisor of Sales Agent/Associate
License No. Email Phone
Sales Agent/Associate’s Name License No. Email Phone
Regulated by the Texas Real Estate Commission
Buyer/Tenant/Seller/Landlord Initials
InformaƟon available at www.trec.texas.gov IABS 1-0
Date
TAR 2501
Keller Williams Realty 0494693 [email protected] 806-771-7710
Pamela Titzell 0465722 [email protected] 806-771-7710
Pamela Titzell [email protected]
[email protected] Powell 806-239-0804
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