4650 Butler Ave - Office/Residential FOR SALE
Farmington, NM 87401 |
$2,200,000 USD
214-692-2216
4650 Butler Ave
Farmington, NM 87401
HIGHLIGHTS
- Mission Critical – Next closest SSA building in the State of New Mexico is 117 miles away in Gallup, NM
- Long Term Lease – Originally a 10-year firm lease, this shows a lot of commitment by the tenant as many are renewing for 5-year firms instead
- Annual CPI Rent Increases – The tenant increases the rent each year in accordance with the CPI or Consumer Price Index
- Large Lot – With ±1.85 AC located on the lot, this is an opportunity for expansion if the tenant ever needs it
- Utilities – Sellers have already done the electrical and groundwork necessary to work with any potential expansions on the parcel
FOR SALE DETAILS
PRICE
$2,200,000 USD
PRICE/SF
$249 USD /SF
CAP RATE
9.24%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SOCIAL SECURITY ADMINISTRATION
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Office/Residential
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2002
SPRINKLERS
-
PARKING SPACES
21
LAND DETAILS
LAND ACRES
1.84 AC
LAND SF
80,150 SF
ZONING
General Commercial
APN/PARCEL ID
0030604
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
214-692-2216
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
214-692-2216
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
