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Cascade Mixed-Use Building 400-2 Cascade Ave 29,922 SF 100% Leased Office Building Carlsbad, NM 88220 $4,500,000 ($150.39/SF) 10.57% Cap Rate
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
$4,500,000
Price Per SF
$150.39
Cap Rate
10.57%
NOI
$475,853
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
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 4-157-127-430-135 | Improvements Assessment | $858,538 |
| Land Assessment | $27,376 | Total Assessment | $885,914 |
Property Taxes
Parcel Number
4-157-127-430-135
Land Assessment
$27,376
Improvements Assessment
$858,538
Total Assessment
$885,914
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Cascade Mixed-Use Building | 400-2 Cascade Ave
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