21 Main St - Medical FOR SALE


Edgewood, NM 87015
$795,000 USD
505-337-0777
21 Main St, Edgewood, NM for Sale
$795,000 USD
Medical - FOR SALE
1/13
null | Request Cap Rate

21 Main St
Edgewood, NM 87015


HIGHLIGHTS

  • .36 acre paved parking lot
  • .5 acre secured, gated yard with remote entry
  • 0.5 Acre Paved and Fenced Yard
  • Functional office floor plan
  • New paint & carpet
  • Parking lot resurfaced in 2016

OVERVIEW

Single Tenant investment opportunity guaranteed by the Town of Edgewood. The 5-year lease, executed October 2024, provides 3% annual rent escalations throughout the initial term and the two 5-year extension options. The tenant is responsible for all interior and exterior repairs and maintenance leaving the landlord responsible for only property taxes, insurance, and maintenance/repairs to roof. The current lease rate of $14.00 PSF is a very replaceable rent in this market considering the lack of available office space in the immediate and surrounding area.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Standalone Edgewood Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

C-2

APN/PARCEL ID

095252591

ASK ABOUT THIS PROPERTY

Jeremy SalazarRESOLUT REMore Info
505-337-0777

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Jeremy SalazarRESOLUT REMore Info
505-337-0777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.