Cascade Mixed-Use Building
High double-digit cap rate on in-place NOI. All offers considered!
Marketing description
Northmarq has been retained as exclusive advisor and agent to offer qualified investors an opportunity to purchase the fee simple interest in Cascade Mixed-Use Building (the "Property"), a 29,992 square foot office building with Class A finishes in Carlsbad, New Mexico. The 2-story building was constructed in 2011 and sits on 0.52 acres. This offering is the highest quality commercial mixed-use opportunity available in Carlsbad, New Mexico.
Currently at 100% leased, the property presents an opportunity to acquire a top-of-the-market asset well below replacement cost in Carlsbad. The Cascades at Carlsbad is a growing business park that caters to a diverse mix of office tenants, including SIMCO (10,000 SF), Anytime Fitness (8,736 SF), Cascades Bar and Grill (4,991 SF), and many others.
Its strategic location, strong tenant mix, and market tailwinds make Cascade Mixed-Use Building an exceptional investment opportunity. Note: parking for the Property is a public lot adjacent to the building.
Investment highlights
15% Cash on Cash Return at the Asking Price
Best Product in Market – The Cascade Mixed-Use Building represents the highest-quality office/retail offering in the Carlsbad, New Mexico market.
High Quality Tenants for the Market – The tenant roster at Cascade Mixed-Use Building features a curated mix of well-established local businesses and regional service providers.
Strong Regional Amenities – Located near the heart of Carlsbad, the property offers excellent access to amenities that support tenant needs, including nearby restaurants, lodging options, and government offices.
Long History of High Occupancy – The property has demonstrated a long and consistent history of maintaining high occupancy, benefiting from Carlsbad's steady economic growth and the ongoing demand for professional office/retail space.
Market Tailwinds Driven by Energy Sector Growth – Carlsbad sits within the core of the Permian Basin, one of the most productive oil and gas regions in the United States.
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