1901 Calle De Ninos - Office FOR SALE
Las Cruces, NM 88005 |
$3,540,000 USD
404-936-8037
1901 Calle De Ninos
Las Cruces, NM 88005
HIGHLIGHTS
- New 10-Year Lease Extension Executed – The tenant recently executed a new 10-year lease extension commencing July 1, 2026
- 3% Annual Rent Escalations – The lease structure includes 3% annual rent increases, providing consistent income growth
- Recent Capital Improvements Reduce Near-Term CapEx – The property has undergone significant recent improvements
- Located in Las Cruces, NM, the 2nd Largest City in New Mexico – The property is positioned in Las Cruces, a growing regional hub
- Positioned Within an Established Medical Park – The property is located within a large and established medical park surrounded by healthcare providers
- Corporate Tenant with 85+ Locations Nationwide – The lease is executed by Choice Healthcare Services, a healthcare operator with approx. 85 locaations
FOR SALE DETAILS
PRICE
$3,540,000 USD
PRICE/SF
$83 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Children’s Dental Clinic
PROPERTY TYPE
Office
ADD'L SUBTYPES
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.86 AC
LAND SF
37,462 SF
ZONING
-
APN/PARCEL ID
-
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404-936-8037
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404-936-8037
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