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SOCIAL SECURITY ADMINISTRATION 4650 Butler Ave

8,835 SF Office Building Farmington, NM 87401 £1,814,700 (£205/SF) 8.83% Net Initial Yield

Investment Highlights

  • Mission Critical – Next closest SSA building in the State of New Mexico is 117 miles away in Gallup, NM
  • Annual CPI Rent Increases – The tenant increases the rent each year in accordance with the CPI or Consumer Price Index
  • Utilities – Sellers have already done the electrical and groundwork necessary to work with any potential expansions on the parcel
  • Long Term Lease – Originally a 10-year firm lease, this shows a lot of commitment by the tenant as many are renewing for 5-year firms instead
  • Large Lot – With ±1.85 AC located on the lot, this is an opportunity for expansion if the tenant ever needs it

Executive Summary

Broker of Record
Kyle Matthews
License No. 19601 (NM)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
8,835 SF
Building Class
B
Year Built
2002
Price
£1,814,700
Price Per SF
£205
Net Initial Yield
8.83%
NOI
£160,238
Tenancy
Single
Number of Floors
1
Typical Floor Size
8,835 SF
Building FAR
0.11
Land Acres
1.84 AC
Zoning
General Commercial - General Commercial
Parking
21 Spaces (2.27 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

Links

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PROPERTY TAXES

Parcel Number 0030604 Improvements Assessment £0
Land Assessment £0 Total Assessment £370,453

PROPERTY TAXES

Parcel Number
0030604
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£370,453
(615) 261-9954

  • Listing ID: 32582026

  • Date on Market: 25/07/2024

  • Last Updated:

  • Address: 4650 Butler Ave, Farmington, NM 87401

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© 2024 CoStar Group

SOCIAL SECURITY ADMINISTRATION | 4650 Butler Ave
(615) 261-9954 x

SOCIAL SECURITY ADMINISTRATION | 4650 Butler Ave

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Ethan Edmiston

(615) 261-9954

(615) 261-9954

Clay Smith

(214) 692-2216

(214) 692-2216

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