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Community Crafted Solutions & Participation 4605 Research Park Cir

15,589 SF 100% Leased Office Building Las Cruces, NM 88001 £1,877,880 (£120/SF) 8.16% Net Initial Yield

Executive Summary

Two State of New Mexico tenants with long-term leases
Favorable ground lease terms. Initial term expires 7/25/2047, three (3) additional five (5) year options to extend.
Located within NMSU’s 257-acre, Arrowhead Research Park
Direct visual exposure and easy access to Interstate 25 and 10
Access to NMSU resources and strategic partners
Opportunities for business to partner with NMSU in pursuit of grants and contracts
Access to the Arrowhead Technology Incubator and the National Security Technology Incubator
On-site world-class telecommunication network

Attachments

4605 Research Park Cir_Offering Memorandum

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
15,589 SF
Building Class
B
Year Built
2010
Price
£1,877,880
Price Per SF
£120
Net Initial Yield
8.16%
NOI
£153,305
Percent Leased
100%
Number of Floors
1
Typical Floor Size
15,589 SF
Building FAR
0.99
Land Acres
0.36 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
R1
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PROPERTY TAXES

Parcel Number 03-29369 Improvements Assessment £428,199
Land Assessment £0 Total Assessment £428,199

PROPERTY TAXES

Parcel Number
03-29369
Land Assessment
£0
Improvements Assessment
£428,199
Total Assessment
£428,199
(505) 259-6994

  • Listing ID: 31729391

  • Date on Market: 07/05/2024

  • Last Updated:

  • Address: 4605 Research Park Cir, Las Cruces, NM 88001

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© 2024 CoStar Group

Community Crafted Solutions & Participation | 4605 Research Park Cir
(505) 259-6994 x

Community Crafted Solutions & Participation | 4605 Research Park Cir

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John Ransom

(505) 259-6994

(505) 259-6994

Tim With

(505) 379-5454

(505) 379-5454

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