The Opportunity
The Location
The Property
Contact
Doc Center
Privacy
Terms of Use
Visit
Doc
Center
Berkadia Medical & Life Sciences is pleased to exclusively offer Covenant Health MOB (the “Property”), a 20,880-square foot outpatient medical building located in Lubbock, Texas. The Property sits on the campus of the 381-bed, recently expanded, Covenant Medical Center in the heart of Lubbock’s renowned Medical District. Covenant Medical Center recently completed a $140 million expansion, adding 200,000 square feet and 89 beds to its facility. It stands as the only Comprehensive Stroke Center in West Texas and Eastern New Mexico and is also recognized as a Magnet Designated Facility.
The Property is 100% leased to Covenant Health, a subsidiary of the investment-grade Providence Health System (S&P: A), one of the largest not-for-profit health systems in the country serving seven western states. The Property features attractive medical specialties including neurosurgery and MRI/imaging, functioning as a key location for outpatient care at Covenant Medical Center and stands as one of the few medical outpatient buildings not directly owned by the health system.
Investment Highlights
The Location
The Offering
100% LEASED BY INVESTMENT-GRADE HEALTH SYSTEM
ABSOLUTE NET LEASED WITH ATTRACTIVE ANNUAL ESCALATIONS
KEY OUTPATIENT MEDICAL SPECIALTIES
STRATEGICALLY LOCATED IN THE LUBBOCK MEDICAL DISTRICT
POSITIONED IN A ROBUST HEALTHCARE MARKET
ADJACENT TO NEWLY CONSTRUCTED HOPE TOWER
LOCATED DIRECTLY SOUTH OF TEXAS TECH CAMPUS
ON-CAMPUS FEE SIMPLE ASSET
3601 21st Street, Lubbock, TX
5000 SOUTH LINCOLN TRACE AVENUE, SMYRNA, GA 30083
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
vasili davos
Senior Director
214.360.3858 | TX DRE #778826
vasili.davos@berkadia.com
ERIC LEE
Managing Director
763.226.8563 | IL DRE #475194860
eric.lee@berkadia.com
sabrina solomiany
Senior Managing Director 404.536.5054 | GA DRE #361808
sabrina.solomiany@berkadia.com
chris lashmet
Managing Director
847.209.0425 | IL DRE #475196617
chris.lashmet@berkadia.com
medical & Life sciences
Contact Us