2212 W Lea St - Warehouse FOR SALE


Carlsbad, NM 88220
$725,000 USD
505-363-7550
2212 W Lea St, Carlsbad, NM for Sale
$725,000 USD
Warehouse - FOR SALE
1/2
null | 7.03% Cap Rate

2212 W Lea St
Carlsbad, NM 88220


HIGHLIGHTS

  • Approximately 9 years remaining on a Modified Gross lease, providing a stable income stream for ownership.
  • Tenant is responsible for utilities, reducing landlord operating exposure.
  • Lease is backed by a personal guarantee, adding an additional layer of security for investors.
  • Tenant currently operates four locations, demonstrating business experience and operations stability.
  • Sale includes 2212 W Lea St., 615 Welshire, and 617 Welshire back lot, totaling approximately 0.42 acres.
  • Extensive capital improvements were completed between 2022 and 2023, limiting near term deferred maintenance concerns.

OVERVIEW

Colliers is pleased to bring to market a stabilized investment asset located in Carlsbad, NM, one of the most active energy markets in the country and positioned within the Permian Basin, widely recognized as one of the largest and most productive oil basins in the world. The offering includes three parcels totaling approximately 0.42 acres with a long-term tenant in place. The tenant operates four locations, has approximately nine years remaining on a Modified Gross lease, pays utilities, and provides a personal guarantee. This asset offers investors a rare combination of long-term income, recent capital improvements, tenant stability, and exposure to one of the strongest oil-driven economies in the United States.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$293 USD /SF

CAP RATE

7.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

Gas, Water, Sewer

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42

LAND SF

18,295

ZONING

commercial

APN/PARCEL ID

4-156-127-024-507

ASK ABOUT THIS PROPERTY

Michael AngeloColliersMore Info
505-363-7550

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Michael AngeloColliersMore Info
505-363-7550

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.