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Listed by Dunagan Associates
$ 4,140,000
Est. payment /mo
Active
2324 W Pierce Street Carlsbad, NM 88220
2.86 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20263015
HOA Y/N No
Year Built 1990
Annual Tax Amount $40,572
Lot Size 2.860 Acres
Acres 2.86
Source NMMLS
Property Description
Prime Investment opportunity in Carlsbad featuring two commercial buildings totaling 19,628 square feet, both secured with newly executed triple net (NNN) leases that include annual rental increases-providing immediate, stable cash flow. The 8,428 SF office building is well-appointed with a professional lobby, full kitchen, two sets of restrooms, 24 private offices, four large conference rooms, and multiple storage areas- ideal for administrative or corporate use. The adjacent 11,200 SF building functions as a climate-controlled medical warehouse, offering specialized infrastructure for long-term tenant retention. Both properties have been updated and offer ample on-site parking, enhancing tenant satisfaction and usability. Priced to deliver approximately a 9% cap rate, this asset presents a compelling blend of strong in-place income, quality improvements, and long-term lease security in a high-demand commercial corridor.
Location
State NM
County Eddy
Interior
Interior Features Audio/Video Surveillance, Security System
Heating Forced Air
Exterior
Utilities Available Electricity Connected, Sewer Connected
View Y/N false
Roof Type Flat,Metal
Private Pool No
Others
Tax ID 4155126515085