Multi Stream Income Property

Industrial for Sale
Catylist Listing ID: 30574257
Property Subtypes: Flex Space, Mixed Use, Light Industrial, Self Storage
Building Size (RSF): 2,992 SF
Gross Building Area: 1,428 SF
Gross Land Area: 32,220 SF
Sale Price: $475,000
Unit Price: $158.76 PSF
Office SF: 2,992 SF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Mini Warehouse/ Self Storage
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 10.0%
Average Occupancy Rate: 90
Last Updated: 9/9/2021

Overview / Comments

Exceptional turn-key multi stream investment property. Excellent cash flow history. Features mixed use light industrial, warehouse/shop, vehicle lot, mini storage, street frontage business, a 12x12 office building and a 1,428 sf 2004 Schultz manufactured home on a permanent foundation( 2x6 frame, sun room, fenced , metal porch 3br, 2 bath) that can be used as a rental or onsite living. Located near Parks, recreational facilities and a bustling redevelopment district, this property is a fantastic opportunity. This property is completely fenced and cross fenced, well maintained income producer.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: 4006135376052
Zoning: C2
Property Located Between: 2nd Street and Melendres on Picacho
Highway Access: On HWY 70 business district
Airports: Las Cruces International Airport
Site Description: Fenced, multi building
Area Description: Small business redevelopment area, excellent traffic counts and business access
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Number of Stories: 1
Typical SF / Floor: 242 SF
Year Built: 1970
Year Renovated: 2003
Roof Type: Gable
Construction/Siding: Aluminum Siding, Block, Metal Siding, Modular, Steel Frame, Wood Frame, Wood Siding
Exterior Description: Block exterior, metal frame buildings, completely fenced, home on property is frame construction.
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Parking Description: surface, fenced, off street
Overhead Cranes: Undisclosed
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central, Wall Units
Air Conditioning: Engineered System, Evaporative Cooler, Window Unit
Lighting: LED, Fluorescent, Incandescent, Halogen
Internet Access: Cable, DSL, Satellite
Zoning Description: C2 Medium Intensity
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: property line
Land Ownership: Fee Simple
Legal Description: Parcel ID/Tax ID 4-006-135-376-052 01 Legal: Lots 1-8, Block 13, Palmer's Subdivision

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,674 75,489 114,127
Median Age: 35.59 33.46 34.92
Households: 4,540 29,797 45,496


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