For Sale
$940,575
901 Florida Ave Alamogordo, NM 88310
High-yield, single-tenant office building.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- 7,751 SF Class B office building in Alamogordo, NM on a 0.492-acre lot.
- 100% occupied by TDS Telecom under a NNN lease with corporate guarantee.
- Asking price: $940,575 ($121.35/SF), 8.00% cap rate, $75,246 NOI.
- 5% annual rent increases built into the lease.
- Long-term tenant (15+ years) recently renewed for 5 years.
Property Details for 901 Florida Ave
- Property type
- Office properties
- Square Feet
- 7,751 SF
- Class
- B
- Lot Size (sq. ft)
- 21,432 SF
Location Insight
- City
- Alamogordo
- County
- Otero
- State
- New Mexico
- Latitude
- 32.8989375
- Longitude
- -105.9532252
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - High-yield, single-tenant office building.
- Where is the office property located?
- The property is located at 901 Florida Ave Alamogordo, NM.
- What is the asking price?
- The asking price for this property is $940,575.
- What are key features of this property?
- This property features: 7,751 SF Class B office building in Alamogordo, NM on a 0.492-acre lot.; 100% occupied by TDS Telecom under a NNN lease with corporate guarantee.; Asking price: $940,575 ($121.35/SF), 8.00% cap rate, $75,246 NOI.
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