Medical Investment Property for Sale CAP RATE 5.75%

Office for Sale
Catylist Listing ID: 30050026
Property Subtypes: Medical
Building Size (RSF): 8,000 SF
Gross Land Area: 1.08 Acres
Sale Price: $3,537,774
Unit Price: $442.22 PSF
Property Use Type: Investment
Class of Space: Class A
Usable Size (USF): 8,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/17/2018

Overview / Comments

Property Features:
•5.75% CAP
•NOI: $209,120
•Additional Annual Income (Signage Allowance): $7,262.28
•Single Tenant NNN (Landlord Responsibilities Provided Upon Request)
•Memorial Medical Center (LifePoint Health Hospital)
•Institutional Location
•Lease Guarantor: Las Cruces Physician Practices, LLC
•5 years remaining on base term w/ 2% Annual Increases

Location Overview:
This "Class A" Medical Office Building is located on the hard corner of Sonoma Ranch Blvd and Highway 70. The medical facility serves 68,000 Residents within a 5 mile radius. To the east of the property along Highway 70 is White Sands Missile Range and NASA, two of the largest employers in the region. Approximately two miles north of the site is Metro Verde, a master planned community anchored by Red Hawk Golf Course. Metro Verde is approved for 7,000 residential dwellings at full build out. Immediately to the south of the site is Sonoma Ranch, which is the largest master planned community in Las Cruces.

Attachments & Media

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Zoning: C-2C

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,386 38,540 91,546
Median Age: 32.56 35.42 34.78
Households: 1,616 15,072 35,508

Contact

Photograph of Listing Agent

Jake Redfearn

NAI 1st Valley
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.