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$ 4,140,000
Est. payment /mo
Active
2324 W Pierce Street #2326 W Pierce Street Carlsbad, NM 88220
19,628 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 19,628 sqft
Price per Sqft $210
MLS Listing ID 20263015
Year Built 1990
Annual Tax Amount $40,572
Tax Year 2026
Lot Size 0.451 Acres
Lot Dimensions 124,582
Property Sub-Type Commercial
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 County
Area New Mexico Mls
Rooms
Other Rooms 6
Interior
Inclusions Building, Land
Exterior
Utilities Available Electricity, Sewer, Water-City
Roof Type Flat,Metal
Building
Structure Type Frame,Stucco,Other
Others
SqFt Source Plans
Listed by DUNAGAN ASSOCIATES