Iconic Office Building with
For Lease
Contact for pricing
3223 S Loop 289, Lubbock, TX 79423
Renovated office building with atrium, waterfall, and ample parking.
Space Size1,358 SF - 5,925 SF
Property Size93,455 SF
Days on Market2955
Property Features for 3223 S Loop 289
General Information
Standard status
Active
Size
1,358 SF - 5,925 SF
Class
B
Property subtype
Office
Lease Type
Full Service
Building Details
Building Size
93,455 SF
Year Built
1981
Tenancy
Multiple
Spaces For Lease
at 3223 S Loop 289 Contact usSuite 140-240 Active
Size
5,925 SF
Suite 316 Active
Size
1,387 SF
Suite 424 Active
Size
1,927 SF
Suite 204 Active
Size
1,996 SF
Suite 470 Active
Size
1,358 SF
Show more
Listing Agency:
Coldwell Banker Commercial Capital Advisors
Listed By:
Scott Womack · License #TX 437816
(806) 784-3265
Source:
Crexi
Added: Sep 5, 2018
Changed: Oct 3
Last Checked: Oct 7 at 9:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Capital Advisors
Investment Insights
Based on property information with market context.
Pyramid Plaza is undergoing a multi-million dollar renovation, including elevator modernization, interior and exterior lighting upgrades, common area upgrades with new wallcoverings and flooring, and parking lot sealcoating and restriping. This glass and steel building is designed as an iconic office building, featuring a large atrium area landscaped with plants and groundcovers, and a multi-level waterfall at the base of the glass-enclosed elevators. The atrium provides multiple seating areas for informal meetings on two levels. The property is suited for tenants requiring office space for four or more staff, up to a corporate headquarters accommodating over 75 employees. Full service rates include utilities, 5-day-per-week custodial service, and full-time maintenance personnel. The building offers 24-hour access with after-hours patrol service and a controlled card access system, along with newly installed security cameras at each entry. Fiber connectivity is available through AT&T, Vexus Fiber, and Suddenlink. There are 532 off-street parking spaces, providing over six spaces per 1,000 sq. ft. of leasable area. Located on South Loop 289 between Indiana Avenue and University Avenue, the building is adjacent to a full-service hotel and near Texas Tech University, Lubbock Christian University, the medical district, the central business district, and South Plains Mall. Quick service and full-service restaurants are within a 5-10 minute drive.
Key Highlights
- Iconic and recognizable office building with a uniquely designed glass and steel pyramid structure.
- Recently underwent multi‑million dollar renovations, including elevator modernization and common area upgrades.
- Full‑service rates include utilities, 5‑day custodial service, and full‑time maintenance.
Property Analytics
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Current Use
Lease Details
Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
1,362
Businesses Nearby
Explore this area
Business Placement
Demographics for 79423, TX
42,311
Population
18,463
Households
2.3
Avg Household Size
35
Median Age
38%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
659
Density / Sq Mi
$82,906
Median Household Income
$45,520
Median Earnings
$1,284
Median Rent
$222,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Lubbock, TX
$21.79 /SF/Yr
Avg Asking Price
$19–$25 /SF/Yr
Price Range
13,778 SF
Avg Space Size
This space is priced 8% below the average of $21.79 /SF/Yr.
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office building with atrium, waterfall, and ample parking.
Where is this office building located?
The property is located at 3223 S Loop 289 Lubbock, TX.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Iconic and recognizable office building with a uniquely designed glass and steel pyramid structure.; Recently underwent multi‑million dollar renovations, including elevator modernization and common area upgrades.; Full‑service rates include utilities, 5‑day custodial service, and full‑time maintenance.
