11351 Lovington Hwy Artesia, NM 88210
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Industrial property in Artesia, NM, with a sale-leaseback opportunity.
Type:Industrial
Property size:
14,500 SFLot size:
1.71 Acres- Added:
- Apr 16, 2025
- Days on Market:
- 352
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 11351 Lovington Hwy
General Information
- Standard status
- Active
- Size
- 14,500 SF
- Lot size
- 1.71 Acres
- Property subtype
- Industrial
Listing agent Justin Dodd License #9004023
Listing office NRG Realty Group (432) 363-4777
Listing date Apr 16, 2025
Source Crexi
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
Overview
Artesia Industrial Property Sale-Leaseback Opportunity
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.
Location Intelligence
Current Use by Public Records
Industrial properties
Location Insight
- Map
- Local Demand
- City
- Artesia
- County
- Eddy
- State
- New Mexico
- Longitude
- -104.2979261
- Latitude
- 32.8317541
Nearby Similar for Sale
FAQs
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.
