$3,250, % CAP

Transcription

1 Pinnacle Plaza 3221 S SW Loop 323, Tyler, TX % Leased Value Add Opportunity Below Market Rents 4 Buildings in Total $3,250, % CAP Property has Loop 323 Frontage & Visibility 16.08% Before Tax IRR Traffic Counts Exceed 38,000 VPD Over $500,000 in Renovation in 2014 LUBBOCK OFFICE 4924 S. Loop 289 Lubbock, TX

2 Table Of Contents NET LEASED DISCLAIMER Coldwell Banker Commercial hereby advises all prospective purchasers of Single/Multi-Tenant Net Leased property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Coldwell Banker Commercial has not and will not verify any of this information, nor has Coldwell Banker Commercial conducted any investigation regarding these matters. Coldwell Banker Commercial makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a single / multi-tenant property, it is the Buyer s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Coldwell Banker Commercial expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. CONTENTS PROPERTY INFORMATION 3 LOCATION INFORMATION 11 FINANCIAL ANALYSIS 17 DEMOGRAPHICS 21 ADVISOR BIOS 25 Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a single / multi-tenant property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any single / multi-tenant property to determine to your satisfaction the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any longterm lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release Coldwell Banker Commercial and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this single-tenant property.

3 SECTION 1: PROPERTY INFORMATION PROPERTY INFORMATION Executive Summary Tenant Profiles Tenant Profiles Tenant Profiles Site Plan Pinnacle Plaza 1 JORDAN JORDAN WOOD, WOOD, CCIM CCIM BEAU BEAU TUCKER, TUCKER, CCIM CCIM Investment Sales Sales Specialist Specialist Land Land And And Investment Specialist Specialist Additional Photos

4 Executive Summary PROPERTY SUMMARY Sale Price: $3,250,000 Cap Rate: 7.21% NOI: $234,204 Lot Size: 4.66 Acres Building Size: 53,961 SF Year Built: 1979 Renovated: 2014 PROPERTY OVERVIEW The Net Leased Investment Group for Coldwell Banker Commercial is pleased to offer for sale the Pinnacle Plaza Shopping Center in Tyler, Texas. This sale encompasses four buildings totaling 53,961 Square Feet. Pinnacle Plaza has 27,000 SF of Loop 323 frontage broken into 9,000 square foot retail buildings. There is 27,000 square feet of warehouse space located just behind the retail buildings. There are a total of 5 tenants occupying 72% of the leasable area. Located just off Loop 323, the center has unparalleled visibility and accessibility. Other area retailers include: Furniture Row, Wendy's, Burger King, Subway, Cash Store, Mattress Firm, Whataburger, Harbor Freight Tools, Brookshire's Grocery, and many more. LOCATION OVERVIEW This property is located off of Loop 323. Loop 323 is a state highway loop that is 19.7 miles circling the city of Tyler in Smith County. It is the easiest way to navigate around the city of Tyler. Cross Streets: S SW Loop 323 & Spur 364 Traffic Count: 38,638 PROPERTY HIGHLIGHTS 72% Leased Value Add Opportunity Below Market Rents 4 Buildings in Total Property has Loop 323 Frontage & Visibility 16.08% Before Tax IRR Traffic Counts Exceed 38,000 VPD Over $500,000 in Renovation in 2014

5 Tenant Profiles DriveTime Used Cars Founded in 1992, DriveTime is the leading used vehicle retailer in the United States with a primary focus on the sale and financing of used vehicles and related products to the subprime market. DriveTime is a privately held company that operates a fully integrated business model. Through our branded dealerships and loan servicing centers, we provide our customers with a comprehensive end-to-end solution for their automotive needs, including the sale, financing and maintenance of their vehicle. DriveTime is the nation s largest dealer helping people with credit issues purchase a great vehicle. Headquartered in Phoenix, Arizona, we operate over 144 dealerships across the country, with thousands of vehicles in stock. DriveTime has financed over 895,000 people of all credit types. Their exclusive in-house financing options get their customers financed more often than other dealerships, especially if they have no credit history or a bad credit history. These nearly limitless financing options allow customers to shop their massive 13,638 vehicle inventory for the exact used car, truck, van or SUV that best fits their needs. Vehicle quality and customer satisfaction is of the utmost importance to us. TENANT HIGHLIGHTS Founded in 1992 Operate over 144 Dealerships in the U.S. A+ BBB Rating Accredited Business Labeled one of the Fastest Growing Private Companies in 2015 We focus on giving our customers the ability to acquire used vehicles through six key activities: VEHICLE ACQUISITION VEHICLE RECONDITIONING AND DISTRIBUTION VEHICLE SALES UNDERWRITING AND FINANCE LOAN SERVICING AFTER SALE SUPPORT

6 Tenant Profiles Enterprise Rent-A-Car Enterprise Rent-A-Car is an ongoing American success story. Our guiding principles, and humble beginning, revolve around personal honesty and integrity. We believe in strengthening our communities one neighborhood at a time, serving our customers as if they were our family, and rewarding hard work. These things are as true today as they were when we were founded in 1957.Today, our massive network means Enterprise is the largest transportation solutions provider. We offer car, truck and motorcycle rentals, as well as car sharing and car sales. We re in over 30 countries with more than 7,200 locations. What does this mean to our customers? We're there when you need us. Hertz Rent-A-Car In 1918, an ambitious pioneer of auto renting named Walter Jacobs began what is now known as The Hertz Corporation. He sold the company to John D. Hertz in 1923 but remained a prominent figure in the company until his retirement in By 1925, Hertz was generating annual revenues of about $1 million. In 2013, Hertz developed and expanded its portfolio of rental car brands, which now includes a broad range of varied offerings, both on and off airport, at approximately 10,300 locations across the globe. The combination of Hertz, Dollar, Thrifty and Firefly, creates the world's most diverse global car rental company. Generator Super Center Generator Supercenter is the company for all your generator needs. We provide high-quality models, have factory certified technicians for repairs and maintenance, and offer turnkey installations. We are the number #1 Generac dealer in the world and the largest in Texas, as well. Our generator specialists have extensive training and experience working with a wide variety of makes and models. At Generator Supercenter, our customers are our first priority. We care more about forming solid relationships than earning a quick buck. We want to be your generator company for life. That is why we strive to exceed customer expectations we re not satisfied until you are!

7 Tenant Profiles Crossfit Populace CrossFit Populace opened it s doors in June of 2014 with one purpose; to provide a fitness facility where members know they are valued. We pride ourselves in providing an incredibly high value for our Citizens, as we like to call them. We do this by Investing time and effort into creating precise and intentional program design. This means that workouts are never just thrown together. Instead, intense focus is given to each week s programming, giving you maximum benefit. Throughout the week and even the month, our workouts are designed to fit together like pieces of a puzzle to cover all areas while also preventing overlap (over-training/injury).

8 Site Plan

9 Renovations / Opportunity PINNACLE PLAZA The Pinnacle Plaza Shopping Center has made significant strides to enhance the appeal of the center. The current owner has already completely renovated the retail portion of the shopping center in The renovation included a complete overhaul of the face of the center. This included adding stonework, EIFS, new awnings, paint, expanding the parking lot, repaired/resealed roofs, resealing and re-striping the parking lot, and much more. The renovation included over $500,000 in upgrades. VALUE ADD OPPORTUNITY TRANSITION FROM MODIFIED GROSS TO NNN LEASES COULD INCREASE NOI BY $50,000, RAISING VALUE BY $600K+ Currently, two of the seven tenants in Pinnacle Plaza are on NNN leases. The remaining tenants are a combination of double net, single net, Modified gross, and full service lease structures. As the leases come up, there is significant value to be added by transitioning the leases into full NNN leases. Currently, as shown in the Income & Expense section of this OM, the Landlord is being reimbursed approximately 28% of the NNN expenses. By recovering the additional 72% of the NNN expenses, a landlord could add $50,000+ to their NOI, increasing the value of the center by $600K+. CURRENT RATES ARE BELOW MARKET The REIS Tyler Market Report for Q3 of 2016 shows that the average market rental rates for properties built between is $ Any property built after 2009 has an average of $ Though the property was built in 1979, it was completely renovated in The most recent lease that the landlord has secured has been a NNN leases with a rental rate of $13.92/psf. This accounts for 33.53% of the retail portion of the center. The remaining 55.21% of the retail portion of the center is averaging $7.30/psf (excluding the warehouse and vacancies). The market indicates that rates should be between $14-$16/psf. When the leases come up and vacancies are filled, achieving the low end of $14/psf would allow the landlord to gain an additional $7.12/psf on 17,907 Sf. That is approximately $127k of additional rent and could increase the value by more than $1.5M.

10 Additional Photos

11 SECTION 2: LOCATION INFORMATION LOCATION INFORMATION Tyler, Texas Local Colleges Regional Map Aerial Aerial 2

12 Tyler, Texas TYLER, TEXAS Smith County was one of the many counties created by the first Texas Legislature in April of At that time, an area centrally located in the county and on a hilltop was selected as the county seat. The county seat was named Tyler for President John Tyler, in recognition of his support for admitting Texas to the United States. Today, Tyler has a population of more than 108,063 and covers square miles. The city is considered the manufacturing, health care, educational and retail center of East Texas. Tyler is a prosperous and growing city, offering big city amenities, while still maintaining its pleasant and friendly small-town charm. Located 90 miles east of Dallas on Interstate Highway 20, the city of Tyler lies within a short distance of several lakes and surrounding woodlands. Tyler has a variety of museums, historic homes, a nationally recognized zoo and symphony. The city has 26 parks, 22 area sporting lakes, 66 tennis courts, 26 baseball fields, 15 soccer fields, and 9 golf courses. There are more than 250 restaurants, 2,200 hotel rooms and countless shops and antiques for the serious shopper. Each spring enjoy mile after mile of azaleas, dogwood trees and spring flowers that you have to see to believe during the annual Azalea and Spring Flower Trail. The breathtaking beauty of our Azalea and Spring Flower Trail has been praised by visitors as a floral wonderland and a photographer's paradise. In the fall, Tyler celebrates the rose with the annual Texas Rose Festival. Rich in heritage and tradition, the Festival offers enchanting ceremonial events including the Queen's Coronation, the Rose Show, the Queen's Tea, the Rose Parade and more. All of these events are amidst a backdrop of brilliant roses as vibrant and colorful as the community they represent. -

13 Local Colleges The University Of Texas At Tyler The University of Texas at Tyler (also referred to as UT Tyler) is a coeducational public university located in Tyler, Texas, United States. Founded in 1971, it is a component institution of The University of Texas System. UT Tyler consists of four professional colleges and one traditional college of arts and sciences, offering over 90 academic degree programs at the bachelor, master, and doctoral levels. The University of Texas at Tyler is accredited by the Southern Association of Colleges and Schools. The university has a fall 2015 student body enrollment of 8,862, a 20:1 student to faculty ratio, and a park-like campus centered on Harvey Lake. - Tyler Junior College Tyler Junior College is a two-year community college in Tyler, Texas, United States. TJC is one of the largest community colleges in Texas, with an enrollment of more than 12,000 credit students each year with an additional 20,000 continuing education enrollments annually. Its West Campus includes continuing education and workforce training programs. The College also operates satellite centers in Jacksonville and Lindale. TJC offers Associate in Arts, Associate in Applied Science and Associate of Arts in Teaching degrees, as well as tech prep and certificate programs. - Texas College Texas College is an accredited historically black four-year college located in Tyler, Texas that is affiliated with the Christian Methodist Episcopal Church and the United Negro College Fund. On January 9, 1894, Texas College was founded by a group of ministers affiliated with the Christian Methodist Episcopal (CME) Church, a predominantly black denomination. Texas College offers bachelor's degree programs in art, biology, business administration, computer science, English, education, history, mathematics, music, nursing, physical education, political science, liberal studies, social work and sociology. Also available are Associate of Arts degrees in early childhood education and general studies, as well as an alternative certification teacher education program for people with bachelor's degrees. -

14 Regional Map 3221 S SW Loop 323

15 Aerial

16 Aerial

17 SECTION 3: FINANCIAL ANALYSIS FINANCIAL ANALYSIS Rent Roll Financial Summary Income & Expenses 3

18 Rent Roll TENANT NAME UNIT NUMBER UNIT SIZE (SF) LEASE START LEASE END ANNUAL RENT % OF GLA PRICE PER SF/YR Hertz ,900 2/22/05 4/30/18 $26, $9.00 Crossfit ,000 5/1/14 4/30/19 $26, $4.40 Enterprise Rent-a-Car ,000 11/1/04 10/31/19 $34, $11.57 Generator Super Center ,007 12/1/15 11/30/17 $35, $11.97 Vacant (Former Luxury Bath) ,000 $ $0.00 Drivetime ,054 1/30/14 1/29/24 $126, $13.92 Drivetime ,000 7/20/16 1/29/24 $33, $2.20 Vacant (Former Garage Junkies) ,000 $ $0.00 Totals/Averages 53,961 $282,236 $5.23 Comments: 1. Hertz is on a Modified Gross Lease. They reimburse landlord for Taxes. Call Broker for Additional Details. 2. Crossfit only pays 20% of their Gross Sales as rent. This has averaged $2,200/month throughout their term. 3. Enterprise is on a Modified Gross lease. They reimburse landlord for Taxes and Insurance only. Contact Broker for Additional Details. 4. Generator Super Center is on a NNN Lease. 5. Luxury Bath is on a Gross Lease. 6. DriveTime is on a NNN Lease for their retail portion. The warehouse is on a gross lease. Contact Broker for Additional Details.

19 Financial Summary INVESTMENT OVERVIEW (PROFORMA) FINANCIAL SUMMARY Value / Price $3,250,000 Price per S.F. $60.23 CAP Rate (Yr. 1) 7.21% Cash-on-Cash Return % (B/T, Yr. 1) 8.3% Internal Rate of Return (before tax) (10 yr. hold) OPERATING DATA (PROFORMA) FINANCIAL SUMMARY Gross Scheduled Rents (@ 72% Occ.) $282,236 plus: Operating Cost Recoveries (@ 72% Occ.) $22,443 plus: Other Income $1,326 Gross Income $306,005 less: Operating Expenses - $71,801 Net Operating Income $234,204 Net Operating Income (after Capital Reserves) $234,204 FINANCING DATA (PROFORMA) FINANCIAL SUMMARY Value / Price $3,250,000 Down Payment Amount ( 25%) $812,500 Loan Amount ( 75%) $2,437,500 Interest Rate 4.75% Amortization Term 25 Debt Service (Annually) $166,759 Debt Coverage Ratio (DCR) (Yr.1) 1.40 Cash Flow (After Debt Service, B/T, Yr. 1) $67,452 Cash-on-Cash Return % (B/T, Yr. 1) 8.3%

20 Income & Expenses INCOME SUMMARY (PROFORMA) FINANCIAL SUMMARY GROSS SCHEDULED RENTS 78% OCC.) $282,236 plus: Operating Cost Recoveries 72% Occ.) $22,443 plus: Other Income $1,326 GROSS INCOME (PROFORMA) $306,005 OPERATING DATA (PROFORMA) FINANCIAL SUMMARY Management / Administrative (4%) $12,846 Utilities $2,533 Maintenance (Repairs, Lawn) $6,799 Property Taxes $42,012 Property Insurance $7,611 TOTAL OPERATING EXPENSES $71,801 NET OPERATING INCOME (PROFORMA) FINANCIAL SUMMARY NET OPERATING INCOME $234,204

21 SECTION 4: DEMOGRAPHICS DEMOGRAPHICS Demographics -1 Mile Demographics - 3 Mile Demographics - 5 Mile 4

22 Demographics -1 Mile Summary Population Households Families Average Household Size Owner Occupied Housing Units Renter Occupied Housing Units Median Age Trends Population Households Families Owner HHs Median HH Income Households <$15,000 $15,000 - $24,999 $25,000 - $34,999 $35,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000+ Median HH Income Average HH Income Per Capita Income Census ,715 2,935 3,051 1,244 1,347 1, Area State National 0.78% 1.63% 0.84% 0.80% 1.58% 0.79% 0.78% 1.52% 0.72% 0.96% 1.52% 0.73% -1.03% 1.86% 1.89% Number Percent Number Percent % % % % % % % % % % % % % % % % % % $35,585 $33,796 $49,459 $54,645 $20,559 $22,407

23 Demographics - 3 Mile Summary Population Households Families Average Household Size Owner Occupied Housing Units Renter Occupied Housing Units Median Age Trends Population Households Families Owner HHs Median HH Income Households <$15,000 $15,000 - $24,999 $25,000 - $34,999 $35,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000+ Median HH Income Average HH Income Per Capita Income Census ,504 33,908 35,115 14,233 14,797 15,313 8,368 8,593 8, ,184 7,026 7,276 7,049 7,771 8, Area State National 0.70% 1.63% 0.84% 0.69% 1.58% 0.79% 0.56% 1.52% 0.72% 0.70% 1.52% 0.73% 1.17% 1.86% 1.89% Number Percent Number Percent 2, % 2, % 1, % 1, % 1, % 1, % 2, % 1, % 2, % 2, % 1, % 2, % 1, % 1, % % % % % $45,608 $48,328 $66,930 $72,230 $29,075 $31,282

24 Demographics - 5 Mile Summary Population Households Families Average Household Size Owner Occupied Housing Units Renter Occupied Housing Units Median Age Trends Population Households Families Owner HHs Median HH Income Households <$15,000 $15,000 - $24,999 $25,000 - $34,999 $35,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000+ Median HH Income Average HH Income Per Capita Income Census , , ,532 34,744 39,479 40,964 23,915 24,832 25, ,709 20,555 21,209 17,035 18,923 19, Area State National 0.77% 1.63% 0.84% 0.74% 1.58% 0.79% 0.66% 1.52% 0.72% 0.63% 1.52% 0.73% 0.96% 1.86% 1.89% Number Percent Number Percent 5, % 6, % 5, % 5, % 4, % 5, % 5, % 4, % 6, % 5, % 4, % 5, % 3, % 4, % 1, % 1, % 2, % 2, % $44,713 $46,899 $68,529 $73,934 $27,564 $29,581

25 SECTION 5: ADVISOR BIOS ADVISOR BIOS Jordan Wood, CCIM Beau Tucker, CCIM Back Page 5

26 Jordan Wood, CCIM T C REAL ESTATE EXPERIENCE Joined Coldwell Banker Commercial Rick Canup, Realtors in January 2012 as a Retail & Member of Lubbock Association of Realtors Licensed by the Texas Real Estate Commission AFFILIATIONS & AWARDS #1 Coldwell Banker Commercial office in Texas for 2010, 2011, 2012, 2013, 2014, 2015, and 2016 #5 Coldwell Banker Commercial office nationally in 2012 #7 Coldwell Banker Commercial office nationally in 2013 #6 Coldwell Banker Commercial office nationally in 2014 #8 Coldwell Banker Commercial office nationally in 2015 #5 Coldwell Banker Commercial office nationally in 2016 REAL ESTATE EDUCATION & CIVIC ORGANIZATION Certified Commercial Investment Member (CCIM) Licensed By the Texas Real Estate Commission Member of (ICSC) International Council of Shopping Centers Graduate of Emerging Broker Training, 2012 Coldwell Banker Member of Young Professionals of Greater Lubbock Member of the Lubbock Association of Realtors, and National Association of Realtors. PRIMARY SPECIALTY Commercial Retail Brokerage & Leasing Shopping Center & Single Tenant Net Leased Asset Sales EDUCATION South Plains College, Levelland, Texas Associate's Degree in Business Emerging Broker Training NOTABLE CLIENTS Current & Previous EdR - Education Realty Trust 2400 Glenna Goodacre Blvd. Lubbock, TX - 22,000 SF Tea2Go Corporate West Texas Locations N3 Real Estate Lubbock, TX - 4 Locations NetCo - Ray Bayat Lubbock, TX - Caprock Shopping Center

27 Beau Tucker, CCIM T C F WEST TEXAS TEAM Beau Tucker is a Certified Commercial Investment Member (CCIM) that specializes in all aspects of NNN Investment, build-to-suit and land sales. Beau represents a diverse body of tenants, developers and investors in a wide range of commercial retail, office, and mixed-use acquisitions and dispositions. Beau is a leading broker of shopping centers, net leased investment services and has become the #1 Land Brokerage in West Texas. Beau Tucker is a member of the International Council of Shopping Centers (ICSC) and a RECON attendee. Member of Urban Land Institute (ULI). Maintains a database of over 5,000 investors. Responsible for over $120,000,000 in land & investment inventory. PRIMARY SPECIALTIES NNN Investment, Build-to-Suit and Land Sales AFFILIATIONS & AWARDS #4 Coldwell Banker Commercial agent in United States #6 Coldwell Banker Commercial agent in United States #3 Coldwell Banker Commercial agent in United States #5 Coldwell Banker Commercial agent in United States #1 Coldwell Banker Commercial agent in Texas #1 Coldwell Banker Commercial agent in Texas #1 Coldwell Banker Commercial agent in Texas #2 Coldwell Banker Commercial agent in Texas #1 Coldwell Banker Commercial agent in Texas Top %1 of all Coldwell Banker Commercial Affiliates internationally Top Producer, Premier Circle of Distinction Top Producer, 2011 Silver Circle of Distinction Top Producer, 2010 Bronze Circle of Distinction 2010 CBC Mentor/Protégé of the Year Designated CCIM (Certifified Commercial Investment Member) by CCIM Institute Graduate of Emerging Broker Training, 2010 Coldwell Banker Commercial REAL ESTATE EXPERIENCE Joined Coldwell Banker Commercial, Rick Canup Realtors, in May 2008 as a land, build-to-suit and investment specialist Currently maintains over $120,000,000 in land and investment inventory Represents more than 1,600 investors Maintains an inventory of over 200 West Texas properties Experienced in site selection, site disposition, build-to-suit marketing for land developers, and 1031 exchanges Notable Clients Chuy s Mexican Food Raising Cane's Burger King Popeye s Panda Express Potbelly Freddy s Sonic Gatti s Pizza Dion s Pizza Taco Villa Twisted Root Burger Co. IHOP Comet Cleaners Caddis Development Asset Plus Subway 7-Eleven Stripes Walgreens CVS/ pharmacy Family Dollar United Market Street H-E-B Zach s Club Hastings Holiday Inn Express Virginia College Battery Joe Kwik Kar Mighty Wash Monsanto Chick-fil-A Case & Associates The NRP Group, LLC Peoples Bank 7B Building & Development Edge Homes George McMahan Development, LLC CMS Properties Realty Link The Spectra Group, Inc. Hunt Properties Landmark Properties Kin Properties Campus Crest Leon Capital Group Prosperity Bank Walk-On's

28 Pinnacle Plaza 3221 S SW Loop 323, Tyler, TX LUBBOCK OFFICE 4924 S. Loop 289 Lubbock, TX Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.