4605 Research Park CirLas Cruces, NM 88001

This exceptional 15,589-square-foot traditional office building, located at 4605 Research Park Cir in Las Cruces, New Mexico, presents a compelling investment opportunity. Priced at $2,400,000, it boasts a strong 8.16% capitalization rate and a Net Operating Income (NOI) of $195,930. Situated on a 1.421-acre lot within New Mexico State University's 257-acre Arrowhead Research Park, the property benefits from high visibility and convenient access to Interstates 25 and 10. The building is currently occupied by two New Mexico State tenants under long-term leases, with the initial term expiring July 25, 2047, and three additional five-year renewal options. Favorable ground lease terms further enhance the investment potential. This location offers unique advantages, including proximity to NMSU resources and strategic partners, fostering opportunities for collaboration on grants and contracts. Tenants also benefit from access to the Arrowhead Technology Incubator and the National Security Technology Incubator, along with a state-of-the-art on-site telecommunication network. The price per square foot is $153.95. This property represents a rare chance to acquire a well-located, income-producing asset with significant long-term growth potential in a thriving research and development environment.