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
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