For Sale
$866,579.31

2611 Main StLas Cruces, NM 88001

High-yield medical office, 3,333 sq ft, 7.25% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 3,333 square foot medical office building, located at 2611 N Main St in Las Cruces, New Mexico, presents a compelling investment opportunity. Currently 100% occupied by Memorial Medical Center, a major regional hospital under the LifePoint umbrella, a multi-billion dollar corporation, the lease is a Net-Net (NN) arrangement and expires June 1, 2029, offering a remaining term of 4.5 years. The building boasts a strong net operating income (NOI) of $62,827, translating to a desirable 7.25% capitalization rate and a price per square foot of $260. The asking price is $866,579.31. Situated on a 0.46-acre lot, this property enjoys a highly visible location across the street from both Three Crosses Regional Hospital (a 46-bed general acute care facility) and a significant new 75-acre mixed-use development, the largest infill project in Las Cruces history. This prime location ensures strong tenant demand and future appreciation potential. The property's current tenant and the surrounding development activity make this a stable and promising investment in a rapidly growing area. This is a single-tenant building.

Highlights

  • 3,333 SF medical office building in Las Cruces, NM.
  • 100% occupied by Memorial Medical Center (LifePoint Health) under a Net-Net lease expiring June 1, 2029.
  • Strong NOI of $62,827, 7.25% cap rate, $260/SF, asking price $866,579.
  • Located on a 0.46-acre lot across from Three Crosses Regional Hospital and a large mixed-use development.
  • Single-tenant building.

Property Details for 2611 Main St

Property type
Office properties, Medical offices
Square Feet
3,333 SF
Lot Size (sq. ft)
20,038 SF

Location Insight

City
Las Cruces
County
Doña Ana
State
New Mexico
Latitude
32.3357125
Longitude
-106.780404
2611 Main St, Las Cruces, New Mexico

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2611 Main St
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