Santa Teresa Net Leased
300 Ave Asension Santa Teresa, NM 88021
300 Ave Asension, Santa Teresa, NM, 88021
Contact for pricing
For Sale
Contact for pricing
Class A manufacturing building, 100% occupancy, long-term tenant.
Property Size73,500 SF
Lot Size7.85 Acres
Days on Market175
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 Updated: Jul 6 at 9:29 am Checked: Jul 19 at 3:51 am
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
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
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.
