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3221 114Th St Lubbock, TX 79423

For Sale
$4,250,000

Newly constructed industrial facility with a long-term tenant.

Property size:
97,984 SF
Lot size:
2.42 Acres

Property Features for 3221 114Th St

General Information

Size
97,984 SF
Lot size
2.42 Acres

Source: McDougal, REALTORS Agent Ethan Quisenberry

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

New Industrial Facility Investment Opportunity

Located in Lubbock, TX, the property at 3221 114th St presents a premier investment opportunity. The newly constructed industrial facility, completed in 2024, is situated in a rapidly developing area. The property spans 28,600 square feet on a 2.25-acre lot, offering operational capacity and a fenced stackyard suitable for logistics, outdoor storage, and material staging. The building is fully leased to Action Gypsum Supply, LP, a distributor of gypsum wallboard, metal framing, insulation, and related construction materials with 27 locations across six states. The tenant's long-term, triple net lease contributes to the financial stability of this investment. This income-generating asset is suited for investors seeking immediate cash flow, long-term stability, and minimal management obligations in the West Texas market. The property has a 7.4% cap rate.
Location Intelligence

Current Use by Public Records

Warehouses

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Orchard Park Self Storage, A-Storage Place

Location Insight

  • Map
  • Local Demand
City
Lubbock
County
Lubbock
State
Texas
Longitude
-101.8854883
Latitude
33.4905434

FAQs

What type of property is this?
Warehouse - Newly constructed industrial facility with a long-term tenant.
Where is this warehouse located?
The property is located at 3221 114Th St Lubbock, TX.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: - 7.4% Cap Rate: Provides a strong return on investment.; - 100% Leased to Action Gypsum Supply, LP: Secure, creditworthy national tenant.; - Newly Constructed (2024) Industrial Facility: Modern construction minimizes maintenance costs.
More about this property
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