Industrial Investment Property. This 8,250 sq ft building is 100% leased to Dora Moss, a high end builder of custom murphy beds and other in come custom construction. The property sits on 1.47 acres and the warehouse features a large office/showroom area and three sections of warehouse: a storage/materials area, a paint section for painting the cabinets and a cabinetry section for building the products.
The property is leased through 5/30/2029. Current rent is $7,075/month Modified Gross (landlord pays taxes and insurance). Rate increases each June.
Learn more about the tenant at their website: doramoss.com
Located in West Lubbock in the Inler Business Park, this property has quick access to Wolfforth, Shallowater and all parts of Lubbock.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.