1459 University Ave$40.77M · 6.73% cap
Legacy Gateway
137,300 SF of Office space available at 3129 Cedar Springs Rd, Lubbock, TX 79401. For Sale through Granite Peak Realty.
For SaleStatus
137,300 SFAvailable
$28.23/SFAsking rent
$175.88MAsking price
8.39%Cap rate
2020Year built
AClass
Property facts
| Property type | Office |
|---|---|
| Building class | A |
| Rentable area | 519,900 SF |
| Available | 137,300 SF |
| Stories | 23 |
| Year built | 2020 |
| Typical floor | 22,604 SF |
| Lot size | 3.17 acres |
| Parking ratio | 2.8/1,000 SF |
| Occupancy | 73.6% |
| Zoning | MU-9 |
| Parcel ID | 12-417-5445 |
| Submarket | Lubbock |
| Market | Lubbock |
| Days on market | 587 |
| Walk Score | 86 |
| Transit | DART station 4 min |
| Listing package | Basic |
Building amenities
Security System, Concierge, Signage, Restaurant, Conference Facility
Spaces available
| Floor | Use | Type | Size (SF) | Asking rent | Term | Status |
|---|---|---|---|---|---|---|
| P 6th | Office | Direct | 27,840 | $27.40/SF | Negotiable | Jan 2027 |
| P 21st | Medical | Direct | 22,060 | $24.73/SF | Negotiable | Vacant |
| P 14th | Office | Direct | 43,120 | On request | Thru Mar 2030 | Vacant |
| P 17th | Office | Direct | 1,970 – 5,690 | $28.11/SF | Negotiable | Vacant |
| P 8th | Medical | Sublet | 6,640 – 18,640 | On request | Thru Mar 2030 | Vacant |
| P 11th | Coworking | Direct | 2,940 – 19,950 | $30.18/SF | Negotiable | Vacant |
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Longhorn Data Systems | Legal | 6 | 46,180 | 2018-02-01 |
| Commonwealth Medical Group | Technology | 18 | 72,700 | 2023-03-01 |
| Zephyr Aerospace | Engineering | 14 | 27,860 | 2025-07-01 |
| Meridian Wealth | Financial Services | 5 | 109,540 | 2017-11-01 |
| Commonwealth Medical Group | Real Estate | 17 | 23,450 | 2019-11-01 |
| Orbit Media Group | Professional Services | 12 | 75,510 | 2034-05-01 |
Public record
| Owner of record | Northstar REIT |
|---|---|
| Assessed value | $22.56M |
| Land value | $4.17M |
| Improvement value | $18.39M |
| Annual tax | $345K |
| Tax year | 2026 |
| Lot size | 138,085 SF |
| Last deed | 2019-02-27 |
| Deed type | Bargain and Sale Deed |
| Legal description | LOT 16 BLK 632 LUBBOCK ADDN |
Location
3129 Cedar Springs Rd
Lubbock, TX 79401
Lubbock submarket · Lubbock market
33.60583, -101.86153
Open in RealStarListing package
Basic — Standard placement below paid listings.
Free listing on RealStarGlobal.com with core building facts, six photos and direct broker contact.
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