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1999 Futurity Dr 23,200 SF 57% Leased Flex Building Sunland Park, NM 88063 $4,100,000 ($176.72/SF) 6.46% Cap Rate



Investment Highlights
- Multi-building industrial asset providing both stabilized and value-add potential in a supply-constrained market.
- Convenient location minutes from West El Paso and major cross-border routes serving New Mexico and Texas markets.
- Current tenant mix includes an established national cannabis retailer and industrial users on NNN leases.
- Site layout with multiple access points, fenced perimeter, and yard storage suitable for diverse industrial operations.
Executive Summary
Cannabis Industrial Investment | Sunland Park, NM Rare opportunity to acquire a multi-building cannabis industrial portfolio in Sunland Park, NM, just minutes from the Texas state line and West El Paso. The property consists of multiple buildings totaling approximately 25,696 SF, currently ~60% occupied by established cannabis retail and cultivation tenants on NNN leases. In-Place Income: Current base rent totals approximately $22,336 per month ($268,032 annually) 1999 Futurity Dr Lease Summary … , with additional NNN reimbursements (estimated at $0.25/SF/month for 2026). Value-Add Opportunity: Building B (±10,000 SF) is currently vacant, offering a significant lease-up or owner-user opportunity. This space can: Be leased to increase NOI and stabilize the asset, or Allow an owner-user to occupy while maintaining strong in-place cash flow from the remaining tenants. Tenant Mix & Lease Profile: Multiple cannabis retail and cultivation operators Lease expirations extend through 2026–2031 Renewal options in place on several leases Annual rental escalations on select tenants This offering provides a compelling blend of in-place income, upside through lease-up, and long-term industry positioning in a supply-constrained border market. Ideal for: Investors seeking yield with upside Cannabis operators seeking expansion Owner-users looking to offset occupancy costs with stabilized income Contact broker for rent roll, lease summaries, and financials.
Property Facts
| Price | $4,100,000 | Rentable Building Area | 23,200 SF |
| Price Per SF | $176.72 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2019 |
| Cap Rate | 6.46% | Parking Ratio | 0.99/1,000 SF |
| Property Type | Flex | No. Dock-High Doors/Loading | 1 |
| Property Subtype | Light Distribution | No. Drive In / Grade-Level Doors | 5 |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 1.70 AC | ||
| Zoning | C-2 - General Commercial District | ||
| Price | $4,100,000 |
| Price Per SF | $176.72 |
| Sale Type | Investment |
| Cap Rate | 6.46% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 1.70 AC |
| Rentable Building Area | 23,200 SF |
| No. Stories | 1 |
| Year Built | 2019 |
| Parking Ratio | 0.99/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 5 |
| Opportunity Zone |
Yes |
| Zoning | C-2 - General Commercial District |
Amenities
- Mezzanine
- Storage Space
Utilities
- Lighting - Fluorescent
- Gas
- Water - City
- Sewer - City
- Heating
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Large open warehouse building with high ceilings on commercial/industrial lot, zoned C-2 in Entertainment District overlay. Building constructed in 2019, fully sprinklered. Two roll up doors, unisex restroom, floor drains, and second floor 225 sf mezzanine area. NNN costs are $0.19 / sqf
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl - B | 10,000 SF | Flex | Shell Space | Now |
1st Fl - B
| Size |
| 10,000 SF |
| Space Use |
| Flex |
| Build-Out |
| Shell Space |
| Available |
| Now |
1st Fl - B
| Size | 10,000 SF |
| Space Use | Flex |
| Build-Out | Shell Space |
| Available | Now |
Large open warehouse building with high ceilings on commercial/industrial lot, zoned C-2 in Entertainment District overlay. Building constructed in 2019, fully sprinklered. Two roll up doors, unisex restroom, floor drains, and second floor 225 sf mezzanine area. NNN costs are $0.19 / sqf
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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1999 Futurity Dr

