3673 Main St$8.70 – $10.59/SF/yr NNN
Century Tower
45,400 SF of Industrial space available at 3311 Preston Rd, Lubbock, TX 79401. For Sale through Cornerstone Brokerage.
For SaleStatus
45,400 SFAvailable
$11.14/SFAsking rent
$119.3MAsking price
6.69%Cap rate
1977Year built
AClass
Property facts
| Property type | Industrial |
|---|---|
| Building class | A |
| Rentable area | 771,600 SF |
| Available | 45,400 SF |
| Stories | 1 |
| Year built | 1977 |
| Typical floor | 771,600 SF |
| Lot size | 46.01 acres |
| Parking ratio | 1.3/1,000 SF |
| Occupancy | 94.1% |
| Zoning | O-2 |
| Parcel ID | 68-912-7578 |
| Submarket | Lubbock |
| Market | Lubbock |
| Days on market | 167 |
| Walk Score | 32 |
| Transit | Amtrak 6 min |
| Listing package | Silver |
Building amenities
Signage, Conference Facility, Fitness Center
Spaces available
| Floor | Use | Type | Size (SF) | Asking rent | Term | Status |
|---|---|---|---|---|---|---|
| P 1st | Office | Direct | 6,110 – 18,560 | $12.58/SF | Negotiable | Sep 2026 |
| P 1st | Industrial | Direct | 15,310 – 26,840 | $10.61/SF | Negotiable | Vacant |
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Lumen Biosciences | Education | 1 | 207,600 | 2026-07-01 |
| Alamo Federal Services | Education | 1 | 154,130 | 2019-03-01 |
| Ironclad Insurance | Real Estate | 1 | 109,150 | 2022-06-01 |
| Kite Creative | Real Estate | 1 | 4,410 | 2028-08-01 |
| Hudson Asset Management | Government | 1 | 159,590 | 2033-05-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2024-06-14 | $53.62M | $69.49 | 6.01% | Westbrook Equities | Hudson Gate Partners |
| 2023-04-21 | $86.56M | $112.18 | 4.82% | Gulf Coast Realty Partners | Zenith Real Estate |
| 2018-09-29 | $51.86M | $67.21 | 6.26% | Westbrook Equities | Potomac Realty Trust |
Public record
| Owner of record | James River Properties LLC |
|---|---|
| Assessed value | $156M |
| Land value | $59.11M |
| Improvement value | $96.88M |
| Annual tax | $2.68M |
| Tax year | 2026 |
| Lot size | 2,004,195 SF |
| Last deed | 2025-12-19 |
| Deed type | Grant Deed |
| Legal description | LOT 20 BLK 764 LUBBOCK ADDN |
Location
3311 Preston Rd
Lubbock, TX 79401
Lubbock submarket · Lubbock market
33.59196, -101.82170
Open in RealStarListing package
Silver — Priority placement above all free listings.
Priority placement above every free listing, expanded photo set, full space-by-space availability table and a monthly performance report.
Compare packages →Similar industrial properties in Lubbock, TX
2898 W 6th St$10.72 – $13.05/SF/yr NNN
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