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2120 Aviation Way
Carlsbad, NM 88220

Coterra Energy · Industrial Property For Sale

Investment Highlights

  • INVESTMENT GRADE TENANT
  • STRATEGIC PLACEMENT
  • MISSION CRITICAL LOCATION
  • PREMIER ENERGY COMPANY

Executive Summary

CBRE is presenting an opportunity for qualified investors to purchase fee interest in a ±15,499 SF flex industrial building in Carlsbad, New Mexico. The property is leased to Coterra Energy, Inc., an independent oil and gas exploration and production company based in Houston, Texas (NYSE:CTRA) with an Investment Grade credit rating (S&P: BBB). The property is a 5-acre parcel of land with a freestanding single tenant industrial flex building built in 2020 as a build-to-suit for the tenant.

PROPERTY FACTS

Sale Type Investment NNN
Net Initial Yield 7.50%
Property Type Industrial
Property Subtype
Service
  • Office Industrial Live Work Unit
Building Class C
Lot Size 5.00 AC
Rentable Building Area 15,944 SF
Number of Floors 1
Year Built 2020
Tenancy Single
Parking Ratio 3.95/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4155133457375
Land Assessment
£101,653
Improvements Assessment
£808,467
Total Assessment
£910,121

zoning

Zoning Code 220
220
  • Listing ID: 33305826

  • Date on Market: 25/09/2024

  • Last Updated:

  • Address: 2120 Aviation Way, Carlsbad, NM 88220

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