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3400 Interstate 27

Will Schubert Of Strive Represents Seller In Sale Of 60,685 SF Retail Center In Lubbock
SOLDRetail

Will Schubert Of Strive Represents Seller In Sale Of 60,685 SF Retail Center In Lubbock

3400 Interstate 27 & 3428 Interstate 27

Building Size

121,370 SF

Asset Type

Retail

Closing

Jun 26, 2025

AI

The property involved in this transaction is the Family Park Center, a retail center located at 3400-3428 Interstate 27 in Lubbock, TX. The asset encompasses a total square footage of 60,685 and was reported to be 94% leased to several tenants including Dollar Tree, Harbor Freight, and Specialty Auto Repair.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Address: 3400-3428 Interstate 27
  • Market: Lubbock
  • Square Footage: 60,685
  • Broker: Will Schubert - Strive
  • Seller: Local, undisclosed
  • Buyer: Irving-based, undisclosed

Will Schubert of Strive represented the local seller in this transaction and successfully secured the buyer from Irving. Both parties involved remained undisclosed throughout the process.

Players

Will Schubert

Summit RE

Broker

3 deals

Broker
Strive
StriveBrokerage

Lubbock Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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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