For Sale
$495,000
855 Picacho Ave Las Cruces, NM 88005
Multi-use, high-cash-flow investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Multi-use, multi-tenant complex with stable rent history.
- 15,000 SF mixed-use property on a 32,220 SF lot in Las Cruces, NM.
- Currently 90% occupied with 17 tenants, generating $36,494 NOI and a pro-forma NOI of $44,161.
- Includes light industrial space, warehouse/shop areas, vehicle lot, mini-storage units, street-fronting businesses, and a 1,428 SF manufactured home.
- Asking price: $495,000 ($165.44/SF, $27,500/unit), 7.37% cap rate (pro-forma 8.92%).
Property Details for 855 Picacho Ave
- Property type
- Mixed-use properties, Self storage facilities
- Square Feet
- 2,992 SF
- Class
- C
- Year Built/Renovated
- 1970/2003
- Buildings
- 5
- Stories
- 1
- Units
- 18
Location Insight
- City
- Las Cruces
- County
- Doña Ana
- State
- New Mexico
- Latitude
- 32.314450483375
- Longitude
- -106.79091610967
Nearby Similar for Sale
FAQs
- What type of property is this?
- Mixed-use property - Multi-use, high-cash-flow investment
- Where is the mixed-use property located?
- The property is located at 855 Picacho Ave Las Cruces, NM.
- What is the asking price?
- The asking price for this property is $495,000.
- What are key features of this property?
- This property features: Multi-use, multi-tenant complex with stable rent history.; 15,000 SF mixed-use property on a 32,220 SF lot in Las Cruces, NM.; Currently 90% occupied with 17 tenants, generating $36,494 NOI and a pro-forma NOI of $44,161.
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