2330 Pierce St Carlsbad, NM 88220
- Medical offices
- 5,730 SF
Current Use by Public Records
- Familia Dental / Dental Clinic / Dentist
- Dr. Venkata Achalla / Dentist
- Naomi L. West, Nurse / Nurse Practitioner
- Suggs Deanna M / Nurse Practitioner
- Pecos Valley Express Care: Mbonde Grace MD / Doctor
Property Details for 2330 Pierce St
- Property size
- 5,730 SF
- Property type
- Medical offices
Description
This exceptional 5,730 square foot medical office building, located at 2330 W Pierce St in Carlsbad, New Mexico, presents a compelling investment opportunity. The property boasts a strong net lease (NN) with a remaining lease term of approximately 4.6 years, expiring June 30, 2029. The current tenant, Familia Dental, a rapidly expanding dental service organization with over 40 locations nationwide, occupies the entire building. The asking price is $1,195,000, translating to a price per square foot of $208.55 and a compelling 7.24% capitalization rate based on a current Net Operating Income (NOI) of $86,580. The lease commenced July 1, 2013, and is a single-tenant, 16-year agreement. Significant tenant improvements specific to dental services are already in place, minimizing potential capital expenditures for a new owner. This property is situated in Eddy County, New Mexico, zip code 88220, offering a stable and attractive investment in a growing market. The building's location provides excellent accessibility and visibility. This is an ideal opportunity for investors seeking a stable, high-yield investment with a reputable, established tenant.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carlsbad
- County
- Eddy
- State
- New Mexico
- Longitude
- -104.2557872
- Latitude
- 32.440928
