2413 Pecos Hwy Carlsbad, NM 88220
- Warehouses
- 15,000 SF
Current Use by Public Records
- MRC Global / Oil Field Equipment Supplier / Pipe Supplier
Property Details for 2413 Pecos Hwy
- Property size
- 15,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 15,000-square-foot industrial building in Carlsbad, New Mexico, at 2413 Pecos Highway. The property, built in 2018, is currently 100% occupied under a single-tenant net lease with a credit-rated corporate guarantor. The lease commenced September 30, 2018, and has a remaining term of approximately 3.9 years, with two five-year renewal options. The annual rent includes a 2% annual increase. The property boasts a strong 8.00% capitalization rate based on a Net Operating Income (NOI) of $227,935 and an asking price of $2,850,000, translating to a price per square foot of $190. The property's location in Eddy County, New Mexico, (APN: 4-163-134-094-298) and its classification as distribution, warehouse, and manufacturing space make it an attractive investment for discerning buyers. The property is categorized as an industrial investment with a single unit. This is a rare opportunity to acquire a well-located, high-quality industrial asset with a strong tenant and significant remaining lease term. The property's strong financials and secure lease make it an ideal addition to any portfolio.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carlsbad
- County
- Eddy
- State
- New Mexico
- Longitude
- -104.131
- Latitude
- 32.3199
