Log In/Sign Up
Your email has been sent.
4401 E Lohman Ave 25,618 SF 4-Star Office Building Las Cruces, NM 88011 $12,487,040 CAD ($487.43 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Positioned between two major hospitals
- Within rapidly growing market
EXECUTIVE SUMMARY
Discover a rare investment opportunity in Las Cruces, NM: a Class A, single-tenant NNN medical office building strategically located at 4401 East Lohman Avenue, adjacent to Mountain View Regional Medical Center and the Rehabilitation Hospital of
Southern New Mexico.
Built in 2018, this ±25,582 SF facility sits on 1.53 acres and is fully leased to Las Cruces Physician Services LLC, a trusted healthcare provider with 26 locations and over 70 medical professionals in the region. The lease runs through March 2031, with a five-year renewal option, ensuring long-term stability and predictable cash flow.
This property combines medical demand drivers, institutional-quality construction, and secure long-term tenancy, making it an ideal addition to any investment portfolio.
Investment Highlights
• Strong returns: Current NOI of $568,683 with a 6.35% cap rate on the $8.95M asking price.
• Minimal landlord responsibilities: NNN lease structure covering taxes, insurance, utilities, janitorial, and operational costs.
• Prime healthcare corridor: Positioned between two major hospitals, offering referral opportunities, patient convenience, and sustained tenant demand.
• Rapidly growing market: Las Cruces, the second largest city in New Mexico, boasts a 14% population growth since 2020 and benefits from major employers including NMSU, White Sands Missile Range, and Spaceport America.
• Lease rate of $22.81 per square foot is well below current market rates for medical office space. Lease goes to market rent in March 2031. Current market rent is $30 per square foot.
Southern New Mexico.
Built in 2018, this ±25,582 SF facility sits on 1.53 acres and is fully leased to Las Cruces Physician Services LLC, a trusted healthcare provider with 26 locations and over 70 medical professionals in the region. The lease runs through March 2031, with a five-year renewal option, ensuring long-term stability and predictable cash flow.
This property combines medical demand drivers, institutional-quality construction, and secure long-term tenancy, making it an ideal addition to any investment portfolio.
Investment Highlights
• Strong returns: Current NOI of $568,683 with a 6.35% cap rate on the $8.95M asking price.
• Minimal landlord responsibilities: NNN lease structure covering taxes, insurance, utilities, janitorial, and operational costs.
• Prime healthcare corridor: Positioned between two major hospitals, offering referral opportunities, patient convenience, and sustained tenant demand.
• Rapidly growing market: Las Cruces, the second largest city in New Mexico, boasts a 14% population growth since 2020 and benefits from major employers including NMSU, White Sands Missile Range, and Spaceport America.
• Lease rate of $22.81 per square foot is well below current market rates for medical office space. Lease goes to market rent in March 2031. Current market rent is $30 per square foot.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
25,618 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2018
Price
$12,487,040 CAD
Price Per SF
$487.43 CAD
Cap Rate
6.50%
NOI
$812,025 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
12,791 SF
Building FAR
0.38
Lot Size
1.56 AC
Zoning
PUD - Planned Unit Development
AMENITIES
- Atrium
- Wheelchair Accessible
- Reception
- Natural Light
- Wi-Fi
- Monument Signage
- Air Conditioning
1 1
PROPERTY TAXES
| Parcel Number | 02-40889 | Improvements Assessment | $1,725,610 CAD |
| Land Assessment | $418,450 CAD | Total Assessment | $2,144,060 CAD |
PROPERTY TAXES
Parcel Number
02-40889
Land Assessment
$418,450 CAD
Improvements Assessment
$1,725,610 CAD
Total Assessment
$2,144,060 CAD
1 of 40
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
4401 E Lohman Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.