Artesia Industrial Property Sale-Leaseback
For Sale
Contact for pricing
11351 Lovington Hwy, Artesia, NM 88210
Industrial property in Artesia, NM, with a sale-leaseback opportunity.
Property Size14,500 SF
Lot Size1.71 Acres
Price / SF$64.71
Days on Market495
Property Features for 11351 Lovington Hwy
General Information
Standard status
Active
Size
14,500 SF
Lot size
1.71 Acres
Property subtype
Industrial
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$96,179
Building Details
Tenancy
Single
Listing Agency:
NRG Realty Group
(432) 363-4777
Listed By:
Justin Dodd · License #9004023
Source:
Crexi
Added: Apr 16, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NRG Realty Group
Investment Insights
Based on property information with market context.
Located on Lovington Hwy in Artesia, NM, this industrial property features four buildings totaling 14,500 square feet on 1.71 acres. The property is being marketed for sale-leaseback and will be tenanted by Q2 Artificial Lift Systems, LLC, a company specializing in downhole reciprocating pumps with over 40 repair and service locations across Western Canada and the United States. Q2 Artificial Lift Services is backed by Pelican Energy Partners. The lease structure offers a double-digit cap rate of 10.25%, averaging 10.87% throughout the primary term. The primary lease term is 60 months with 3% annual rent escalations, and includes two 36-month renewal options. This industrial asset offers a favorable entry price and stable cash flow.
Key Highlights
- Double‑digit cap rate of 10.25%, averaging 10.87% throughout the primary lease term.
- Sale‑leaseback transaction with Q2 Artificial Lift Systems, ensuring long‑term stability.
- 60‑month primary lease term with 3% annual rent escalations.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 88210, NM
18,571
Population
7,851
Households
2.4
Avg Household Size
35
Median Age
19%
College-Educated
86%
High-School Grad
1,287.3 sq mi
ZIP Area
14
Density / Sq Mi
$80,423
Median Household Income
$47,725
Median Earnings
$925
Median Rent
$213,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property in Artesia, NM, with a sale-leaseback opportunity.
Where is this industrial property located?
The property is located at 11351 Lovington Hwy Artesia, NM.
What is the asking price?
The asking price for this property is $938,340.
What are key features of this property?
This property features: Double‑digit cap rate of 10.25%, averaging 10.87% throughout the primary lease term.; Sale‑leaseback transaction with Q2 Artificial Lift Systems, ensuring long‑term stability.; 60‑month primary lease term with 3% annual rent escalations.
