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2212 W Lea St 2,475 SF Industrial Building Carlsbad, NM 88220 $1,025,947 CAD ($414.52 CAD/SF) 7.03% Cap Rate
Investment Highlights
- Approximately 9 years remaining on a Modified Gross lease, providing a stable income stream for ownership.
- Lease is backed by a personal guarantee, adding an additional layer of security for investors.
- Sale includes 2212 W Lea St., 615 Welshire, and 617 Welshire back lot, totaling approximately 0.42 acres.
- Tenant is responsible for utilities, reducing landlord operating exposure.
- Tenant currently operates four locations, demonstrating business experience and operations stability.
- Extensive capital improvements were completed between 2022 and 2023, limiting near term deferred maintenance concerns.
Executive Summary
Colliers is pleased to bring to market a stabilized investment asset located in Carlsbad, NM, one of the most active energy markets in the country and positioned within the Permian Basin, widely recognized as one of the largest and most productive oil basins in the world. The offering includes three parcels totaling approximately 0.42 acres with a long-term tenant in place. The tenant operates four locations, has approximately nine years remaining on a Modified Gross lease, pays utilities, and provides a personal guarantee. This asset offers investors a rare combination of long-term income, recent capital improvements, tenant stability, and exposure to one of the strongest oil-driven economies in the United States.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$72,170
|
$29.16
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $72,170 |
| Annual Per SF | $29.16 |
Property Facts
Amenities
- Floor Drains
- Security System
- Air Conditioning
Utilities
- Gas
- Water
- Sewer
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4-156-127-024-507 | Improvements Assessment | $64,318 CAD |
| Land Assessment | $10,642 CAD | Total Assessment | $74,959 CAD |
Property Taxes
Parcel Number
4-156-127-024-507
Land Assessment
$10,642 CAD
Improvements Assessment
$64,318 CAD
Total Assessment
$74,959 CAD
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2212 W Lea St
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