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200 W Wilshire Blvd 4,823 SF Office Building Roswell, NM 88201 $1,406,376 CAD ($291.60 CAD/SF) 7% Cap Rate
Investment Highlights
- Built in 2001, total 4,823 sf
- MB2 - Strong guarantor w/700+ locations in 40 states
- 21 parking spaces (4.4/1,000sf)
- NOI $70,872 with Long-standing Dental Practice
- Tenant just renewed – expires 2030 when rent jumps to $74,412
- Excellent demographics and busy commercial area
Executive Summary
Impressive opportunity for stable medical office with long-standing dental practice. Strong lease guarantee with national group MB2 Dental who has over 700+ locations in 40 states backed by private equity and just recently secured a $2.3B debt facility for future growth and acquisitions. Tenant just renewed their 5-year option showing commitment to the market and location, expiring end of October, 2030. Strong demographics within a 3-mile radius.
Super stable investment at a 7.0% CAP.
Super stable investment at a 7.0% CAP.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,823 SF
Building Class
B
Year Built
2008
Price
$1,406,376 CAD
Price Per SF
$291.60 CAD
Cap Rate
7%
NOI
$98,491 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,823 SF
Parking
27 Spaces (5.6 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R006303 | Improvements Assessment | $247,354 CAD |
| Land Assessment | $43,614 CAD | Total Assessment | $290,968 CAD |
Property Taxes
Parcel Number
R006303
Land Assessment
$43,614 CAD
Improvements Assessment
$247,354 CAD
Total Assessment
$290,968 CAD
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200 W Wilshire Blvd
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