www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27848912
27789178

760 W Palms, Las Cruces, NM 88007

MC
NM NM 8783 QB
Sentinel Real Estate & Investment
Listed by Sentinel Real Estate & Investment
$1,989,000
Updated 1 day ago

Leased Investment

Details
Property Type Retail, Office (+1)
Sub Type Distribution, Manufacturing (+1)
Square Footage 45,360
Cap Rate 8.00%
NOI $159,181
Tenancy Single
Lease Type NN
Price per SqFt $44
Class B
Year Built 2003
Buildings 1
Acreage 1.000
Zoning Commercial
Parking Spaces 12 spaces
Parking Per SqFt 0.26
Ground Lease No
Ceiling Height 19
Dock High Doors 2
Ownership LLC

Retail | 8.00% CAP | 45,360 SqFt

Marketing description

Founded by Martel Wilson in Stockton, California, Building Material Distributors grew rapidly into a valuable resource for professional builders. By 1974, with our insights firmly set on reaching customers all across the country, BMD acquired a new 65,000 sq. ft. building in Galt, CA, making it our new headquarters.

Becoming a fully employee-owned company in 2008, BMD today remains one of the most capable distributors of high-end construction materials for commercial and residential projects in the United States.

BMD has a long history of expertise and providing new experiences for the customers and markets we serve. From being recognized as the National Wholesaler of the Year by the National Building Material Distributor Association to launching an industry first next day delivery service, BMD continues to deliver building solutions to the building process.

To provide builders with the absolute best materials and products for their projects, we have long valued partnerships with, and acquisitions of, the leading names in our industry. That is why in 1977, BMD introduced premium window brand Marvin to the California market. We continue to serve builders nationwide and remain committed to making the highest quality brands available to every part of the United States.

BMD purchased the Builders Source, Inc. business in April of 2022, and purchased 2 Albuquerque locations, 1 in Las Cruces, and 1 in El Paso, Texas. At the time of the Builder Source business sale, said company was enjoying an approximate sales volume of close to 80 million. Builders Source is in the home appliance business, and sells low, medium, and high end products. As an added convenience to their customers, they also have an in-house company servicing the products they sell.

The sellers (H & W Enterprises, LLC) of the business did retain the properties Builders Source is located in, and now wishes to offer them to prospective investors. Two of the leases have approximately a little less than 7 years remaining, and two of the leases have a little less than 2 years remaining, and the Tenant does have from 1 to 2 five year options to extend all 4 leases. There are also 2% increases in the rent during the primary terms, and also if the options are exercised. The Tenant pays for all utilities, all of the maintenance, maintenance of all of the HVAC Systems, and the real estate taxes are reimbursed to the Landlord on a monthly basis. The Landlord is responsible for the roof, the parking lot, and the property insurance. The Tenant pays for their own Content and General Liability Insurance. The following outlines the locations, approx. building & land sizes, the Zoning of the Land, and income for each property;

308 Menaul Blvd. NE Albuquerque, New Mexico 87107

Building SF: 45,463+/-SF Ground Level Space

6,070+/-SF Mezzanine/Storage Space

Total Building SF: 51,533+/-SF

Land SF: 2.7471+/- Acres 119,664SF

Zoning: MX-M

Rental Income: $28,652.62/mo. $343,831.39/yr.

Lease Expiration: May 31, 2032

Annual Rent Increases: 2%

Lease Renewal: 1 Five Year Option to Renew

Expenses: Tenant shall pay the real estate taxes on a monthly basis, all utilities, HVAC and interior maintenance, and content and liability insurance. Landlord shall pay for the roof and parking lot maintenance, and the property insurance.

2507-2509 Commercial St. NE Albuquerque, New Mexico 87107

Building SF: 12,466+/- SF Ground Level Space

1,257+/-SF Mezzanine Space

Total Building: 13,723+/-SF

Land SF: 0.435+/- Acre 18,944SF

Zoning: MX-M

Rental Income: $5,350.26/mo. $64,203.13/yr.

Lease Expiration: May 31, 2027

Annual Rent Increases: 2%

Lease Renewal: 2 Five Year Options to Renew

Expenses: Tenant shall pay the real estate taxes on a monthly basis, all utilities, HVAC and interior maintenance, and content and liability insurance. Landlord shall pay for the roof and parking lot maintenance.

760 West Palms Las Cruces, New Mexico 88007

Building SF: 20,113+/- SF Ground Floor Space

1,733+/-SF Mezzanine Space

Total Building SF: 21,846SF

Land SF: 1.0 +/- Acre 43,560SF

Zoning: M-1 Industrial Standard

Rental Income: $13,265.10/mo. $159,181.20/yr.

Lease Expiration: May 31, 2032

Annual Rent Increases: 2%

Lease Renewal: 1 Five Year Option to Renew

Expenses: Tenant shall pay the real estate taxes on a monthly basis, all utilities, HVAC and interior maintenance, and content and liability insurance. Landlord shall pay for the roof and parking lot maintenance, and the property insurance.

2015 East Mills Ave. El Paso, Texas 79901

Building SF: 45,000+/-SF

Land SF: 1.058+/-Acre 48,625SF

Zoning: M-1, City of El Paso, TX

Rental Income: $19,897.65/mo. $238,771.80/yr.

Lease Expiration: May 31, 2027

Annual Rent Increases: 2%

Lease Renewal: 2 Five Year Options to Renew

Expenses: Tenant shall pay the real estate taxes on a monthly basis, all utilities, HVAC and interior maintenance, and content and liability insurance. Landlord shall pay for the roof and parking lot maintenance, and the property insurance.

Investment highlights

Rental Income: $13,265.10/mo. $159,181.20/yr.

Lease Expiration: May 31, 2032

Annual Rent Increases: 2%

Lease Renewal: 1 Five Year Option to Renew

Expenses: Tenant shall pay the real estate taxes on a monthly basis, all utilities, HVAC and interior maintenance, and content and liability insurance. Landlord shall pay for the roof and parking lot maintenance, and the property insurance.

Listing Contacts

MC
NM NM 8783 QB
Sentinel Real Estate & Investment
Listed by Sentinel Real Estate & Investment

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$159,181.00
$13,265.08/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Michael Contreras, CCIM
License
NM 8783 QB
Brokerage
Sentinel Real Estate & Investment
Title
President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591