4605 Research Park Cir Las Cruces, NM 88001
- Office Properties & Spaces
- 15,589 SF
- 1.42 lot acres
Current Use by Public Records
- Spaceport America Corporate Office / Aerospace Company / Transportation Service
Property Details for 4605 Research Park Cir
- Lot size
- 1.42 lot acres
- Property size
- 15,589 SF
- Property type
- Office Properties & Spaces
Description
This exceptional 15,589-square-foot traditional office building, located at 4605 Research Park Cir in Las Cruces, New Mexico, presents a compelling investment opportunity. Priced at $2,400,000, it boasts a strong 8.16% capitalization rate and a Net Operating Income (NOI) of $195,930. Situated on a 1.421-acre lot within New Mexico State University's 257-acre Arrowhead Research Park, the property benefits from high visibility and convenient access to Interstates 25 and 10. The building is currently occupied by two New Mexico State tenants under long-term leases, with the initial term expiring July 25, 2047, and three additional five-year renewal options. Favorable ground lease terms further enhance the investment potential. This location offers unique advantages, including proximity to NMSU resources and strategic partners, fostering opportunities for collaboration on grants and contracts. Tenants also benefit from access to the Arrowhead Technology Incubator and the National Security Technology Incubator, along with a state-of-the-art on-site telecommunication network. The price per square foot is $153.95. This property represents a rare chance to acquire a well-located, income-producing asset with significant long-term growth potential in a thriving research and development environment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Cruces
- County
- Doña Ana
- State
- New Mexico
- Longitude
- -106.743
- Latitude
- 32.2705
