Santa Teresa Net Leased
For Sale
Contact for pricing
300 Ave Asension, Santa Teresa, NM 88021
Class A manufacturing building, 100% occupancy, long-term tenant.
Property Size73,500 SF
Lot Size7.85 Acres
Days on Market186
Property Features for 300 Ave Asension
General Information
Standard status
Active
Size
73,500 SF
Lot size
7.85 Acres
Property subtype
Industrial
Building Details
Year Built
2024
Listing Agency:
Capacity Commercial Group
(503) 318-0918
Listed By:
Dave Ellis · License #940400114
(503) 318-0918
Source:
Corfac
Added: Jan 26
Changed: Jul 6
Last Checked: Jul 30 at 5:53AM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This is a Class-A manufacturing building located in Santa Teresa, NM. The property has a building size of 73,500 square feet and is situated on 7.85 acres of land. The property is 100% occupied by Coast Aluminum, Inc. It is located on the corner of Bi-national Ave and Av. Asension in the Las Cruces / Alamogordo Industrial Submarket. The lease commencement is 30 days after closing, with a 15-year term and 3% annual rental increases. The annual net operating income is $749,000. The market vacancy rate is 9.0%.
Key Highlights
- 100% Occupancy with a Class‑A Manufacturing Building and a Net Operating Income (NOI) of $749,000 annually.
- New 15‑Year Lease Term with Coast Aluminum, Inc. commencing shortly after closing.
- Attractive 3% Annual Rental Increases, providing a hedge against inflation.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
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Business Placement
Demographics for 88021, NM
16,431
Population
5,742
Households
2.9
Avg Household Size
34
Median Age
16%
College-Educated
66%
High-School Grad
457.6 sq mi
ZIP Area
36
Density / Sq Mi
$49,345
Median Household Income
$28,793
Median Earnings
$605
Median Rent
$151,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Class A manufacturing building, 100% occupancy, long-term tenant.
Where is this manufacturing property located?
The property is located at 300 Ave Asension Santa Teresa, NM.
What are key features of this property?
This property features: 100% Occupancy with a Class‑A Manufacturing Building and a Net Operating Income (NOI) of $749,000 annually.; New 15‑Year Lease Term with Coast Aluminum, Inc. commencing shortly after closing.; Attractive 3% Annual Rental Increases, providing a hedge against inflation.
