Listed by Steinborn Commercial Real Estate
$359,000
SOUND VISIBLE MULTI-TENANT INCOME PRODUCING INVESTMENT
Details
Property Type Retail, Office
Sub Type Traditional Office
Square Footage 3,240
Units 2
Cap Rate 9.00%
NOI $32,528
Occupancy 100%
Tenancy Multi
Lease Type Modified
Price per SqFt $110
Class B
Buildings 1
Investment Type Stabilized
Ground Lease No
Sale Condition 1031 exchange
About This Property
Marketing description
This asset offers a diversified tenancy, immediate cash flow and future rent growth. It is anchored by two sound tenants with the anchor real estate company being in business since 1969. Both existing tenants are secured through 2029 with additional extension and options to renew. The location is highly visible within the Alamogordo Community and located directly across from one of the most prominent grocery operations and retail districts. Whether you are seeking a financial stability, a compelling visible asset, or a sound 1031 option with long term yield potential this investment is one to consider. Give us a call to discuss.
Listing Contacts
Listed by Steinborn Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$32,528.00
$2,710.67/mo
Valuation Metrics
0
DSCR
9.06%
Cap Rate
9.06%
ROI
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