400-2 Cascade Ave - Office FOR SALE


Carlsbad, NM 88220
$4,500,000 USD
832-476-3440
400-2 Cascade Ave, Carlsbad, NM for Sale
$4,500,000 USD
Office - FOR SALE
1/8
null | 10.57% Cap Rate

400-2 Cascade Ave
Carlsbad, NM 88220


HIGHLIGHTS

  • Best Product in Market
  • High Quality Tenants for the Market
  • 15% Cash on Cash Return
  • Strong Regional Amenities
  • Long History of High Occupancy
  • Market Tailwinds Driven by Energy Sector Growth

OVERVIEW

Northmarq has been retained as exclusive advisor and agent to offer qualified investors an opportunity to purchase the fee simple interest in Cascade Mixed-Use Building (the "Property"), a 29,992 square foot office building with Class A finishes in Carlsbad, New Mexico. The 2-story building was constructed in 2011 and sits on 0.52 acres. This offering is the highest quality commercial mixed-use opportunity available in Carlsbad, New Mexico.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

10.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cascade Mixed-Use Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

-

APN/PARCEL ID

4-157-127-430-135

ASK ABOUT THIS PROPERTY

Riley SharmanNorthmarqMore Info
832-476-3440

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Riley SharmanNorthmarqMore Info
832-476-3440

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