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Children’s Dental Clinic 1901 Calle De Ninos 8,555 SF Office Building Las Cruces, NM 88005 $4,911,715 CAD ($574.13 CAD/SF) 7.25% Cap Rate
Investment Highlights
- New 10-Year Lease Extension Executed – The tenant recently executed a new 10-year lease extension commencing July 1, 2026
- Recent Capital Improvements Reduce Near-Term CapEx – The property has undergone significant recent improvements
- Positioned Within an Established Medical Park – The property is located within a large and established medical park surrounded by healthcare providers
- 3% Annual Rent Escalations – The lease structure includes 3% annual rent increases, providing consistent income growth
- Located in Las Cruces, NM, the 2nd Largest City in New Mexico – The property is positioned in Las Cruces, a growing regional hub
- Corporate Tenant with 85+ Locations Nationwide – The lease is executed by Choice Healthcare Services, a healthcare operator with approx. 85 locaations
Executive Summary
Brian Brockman
License # 9568, 20241 (NM)
Bang Realty-New Mexico, Inc.
2939 Vernon Place, Cincinnati, OH 45219
(866) 889-0550
License # 9568, 20241 (NM)
Bang Realty-New Mexico, Inc.
2939 Vernon Place, Cincinnati, OH 45219
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
8,555 SF
Building Class
B
Year Built
2005
Price
$4,911,715 CAD
Price Per SF
$574.13 CAD
Cap Rate
7.25%
NOI
$356,099 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,555 SF
Building FAR
0.20
Lot Size
1.00 AC
1 1
Fairly walkable
40/100
Very drivable
80/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 02-41509 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,814 CAD |
Property Taxes
Parcel Number
02-41509
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,814 CAD
Contacts
-
Spencer Vise -
Kevin McKenna -
Josh Bishop -
Matthews Real Estate Investment Services
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Children’s Dental Clinic | 1901 Calle De Ninos
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