Thriving Together Acquires Office In Lubbock From Remax For 19,025 SF
4701 South Loop 289 & 4703 South Loop 289
Building Size
19,025 SF
Asset Type
Office
Closing
Oct 3, 2023
About this deal
AI
The property located at 4701-4703 South Loop 289 in Lubbock, TX, has been sold. The office space spans an area of 19,025 square feet, making it a noteworthy asset in the market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Buyer: Thriving Together
- Seller: Remax Lubbock
- Buyer's Representative: Kelsey Zickefoose - WestMark Commercial
- Seller's Representative: Landon Cole - Moody Rambin
Kelsey Zickefoose from WestMark Commercial represented the buyer, Thriving Together, in this transaction. On the other hand, Landon Cole of Moody Rambin acted as the seller's representative for Remax Lubbock. The deal showcases the involvement of these experienced professionals in facilitating the sale of the office property.
On the Map
Office
View full map
Players
Lubbock Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Lubbock office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93