Lubbock Storage Portfolio — Sale in Lubbock, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Lubbock, TX 79424
  • Year built: 1973

Photos

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Investment Figures

Cap rate
7.06%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The Lubbock Storage Portfolio consists of three established self-storage facilities totaling 46,402 rentable-square-feet and 384 units across the Lubbock market. Offered at $2.495 million, or $54 per rentable-square-foot, the portfolio provides a compelling basis for an investor willing to take on a hands-on turnaround. Lubbock is a sizable and growing regional market with 346,000 residents, anchored by Texas Tech University, a major healthcare sector and a diverse employment base serving much of West Texas and eastern New Mexico. The primary upside is operational, with the portfolio’s current performance largely reflecting management issues that occurred over the past 18 months. Out-of-state ownership has not visited the properties in more than two years, and after discovering theft by the previous manager earlier this year, the facilities went almost six months without any local management. Occupancy fell to 56 percent portfolio-wide as of August 2026, including just 35 percent at Crossroads, creating significant room to recapture occupancy through basic management, marketing and property improvements. A new local manager was hired in September and has begun the process of getting operations back on track. The portfolio’s historical performance provides a clearer picture of its potential, generating $277,000 in revenue in 2023 and $295,000 in 2024 before the operational issues began. Current underwriting reflects $138,000 of net operating income, increasing to $176,000 in Year One and $223,000 at stabilization. With a low acquisition basis, substantial existing vacancy and opportunities to improve collections, ancillary income and overall property management, a new operator has several avenues to rebuild cash flow while benefiting from Lubbock’s continued population and household growth. Investment Highlights: • Low Acquisition Basis – $2.495 million purchase price equates to just $54 per rentable square foot. • Operational Turnaround – 2026 management issues and

Market Context

This commercial property in Lubbock, TX is listed for sale. It is offered at an approximate 7.1% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 1973. Compare it against other commercial property listings for sale in Lubbock, TX — view the full market.

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