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400-2 Cascade Ave
Carlsbad, NM 88220
Cascade Mixed-Use Building · Office Property For Sale
Investment Highlights
- Best Product in Market
- 15% Cash on Cash Return
- Long History of High Occupancy
- High Quality Tenants for the Market
- Strong Regional Amenities
- Market Tailwinds Driven by Energy Sector Growth
Executive Summary
Northmarq has been retained as exclusive advisor and agent to offer qualified investors an opportunity to purchase the fee simple interest in Cascade Mixed-Use Building (the "Property"), a 29,992 square foot office building with Class A finishes in Carlsbad, New Mexico. The 2-story building was constructed in 2011 and sits on 0.52 acres. This offering is the highest quality commercial mixed-use opportunity available in Carlsbad, New Mexico.
Property Facts
Sale Type
Investment
Property Type
Building Size
29,922 SF
Building Class
A
Year Built
2011
Price
$5,914,650 CAD
Price Per SF
$197.67 CAD
Cap Rate
10.73%
NOI
$634,870 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,961 SF
Building FAR
1.32
Lot Size
0.52 AC
Opportunity Zone
Yes
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 4-157-127-430-135 | Improvements Assessment | $1,211,140 CAD |
| Land Assessment | $38,619 CAD | Total Assessment | $1,249,759 CAD |
Property Taxes
Parcel Number
4-157-127-430-135
Land Assessment
$38,619 CAD
Improvements Assessment
$1,211,140 CAD
Total Assessment
$1,249,759 CAD
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