Sale Leaseback investment opportunity in downtown Lubbock around the corner from the new Buddy Holly Performing Arts Center and Lubbock Civic Center. The Lubbock Avalanche Journal will stay and lease back approximately 55,000 SF of production space with a long term lease. The remaining buildings and parking lots are prime for redevelopment.
The subject property includes the entire block between 7th & 8th Street and Ave K & Ave J, east side of Ave J and 2 parking lots north of 7th Street.
The subject property includes multiple buildings and lots being sold together.
710 Ave J - This is the main Lubbock Avalanche Journal building which includes a total of 111,200 SF of building area. The AJ will remain in and lease the west half of the building and the basement (approximately 80,000 SF) and 8,000 SF of office space.
(Insert rent & lease term information).
The remaining portion of the building could be redeveloped or leased for additional income. The existing office space can be relocated as well.
713 Ave J - 11,336 SF of building sitting on 13,000 SF of land. There is a loading doc and above-ground and basement storage space that connects to 710 Ave J.
701 Ave J - 13,000 SF of land - currently a parking lot
601 Ave J - 32,500 SF of land - currently a parking lot
620 Ave J - 26,000 SF of land - currently a parking lot