For Sale
$1,195,000

2330 Pierce St Carlsbad, NM 88220

High-yield medical office, strong tenant.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 5,730 square foot medical office building, located at 2330 W Pierce St in Carlsbad, New Mexico, presents a compelling investment opportunity. The property boasts a strong net lease (NN) with a remaining lease term of approximately 4.6 years, expiring June 30, 2029. The current tenant, Familia Dental, a rapidly expanding dental service organization with over 40 locations nationwide, occupies the entire building. The asking price is $1,195,000, translating to a price per square foot of $208.55 and a compelling 7.24% capitalization rate based on a current Net Operating Income (NOI) of $86,580. The lease commenced July 1, 2013, and is a single-tenant, 16-year agreement. Significant tenant improvements specific to dental services are already in place, minimizing potential capital expenditures for a new owner. This property is situated in Eddy County, New Mexico, zip code 88220, offering a stable and attractive investment in a growing market. The building's location provides excellent accessibility and visibility. This is an ideal opportunity for investors seeking a stable, high-yield investment with a reputable, established tenant.

Highlights

  • 5,730 SF medical office building in Carlsbad, NM.
  • Strong net lease (NN) with 4.6 years remaining, expiring June 30, 2029.
  • Fully occupied by Familia Dental, a national dental service organization.
  • Asking price: $1,195,000 ($208.55/SF), 7.24% cap rate based on $86,580 NOI.
  • Significant tenant improvements already in place.

Property Details for 2330 Pierce St

Property type
Office properties, Medical offices
Square Feet
5,730 SF
Units
1

Location Insight

City
Carlsbad
County
Eddy
State
New Mexico
Latitude
32.440928
Longitude
-104.2557872

FAQs

What type of property is this?
Office property - High-yield medical office, strong tenant.
Where is the office property located?
The property is located at 2330 Pierce St Carlsbad, NM.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 5,730 SF medical office building in Carlsbad, NM.; Strong net lease (NN) with 4.6 years remaining, expiring June 30, 2029.; Fully occupied by Familia Dental, a national dental service organization.
How can I contact the broker?
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2330 Pierce St
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