Catylist ID:
#30712467
| Catylist Listing ID: | 30712467 |
| Property Subtypes: | Governmental, Office Building |
| Status: | Pending |
| Building Size (RSF): | 5,680 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.64 Acres |
| Sale Price: | $775,000 |
| Unit Price: | $136.44 PSF |
| Property Use Type: | Investment |
| Class of Space: | Class A |
| Usable Size (USF): | 5,680 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/9/2021 |
Overview / Comments
|
The property was built in 2004 and leased to the Social Security Office for an initial 10-year term, which began in May 2015. The property was remodeled for the Tenant and the tenant improvement allowance was paid out of the initial 5-year term and drops off for the remaining 5 years. The Tenant has a full-service lease in place with the Landlord paying property taxes, insurance, repairs, maintenance, utilities and janitorial. There are annual CPI increases that are automatically adjusted by the State. 4 years remaining on the Lease Federal Lease with the Social Security Office Remodeled in 2015 for the Tenant Private parking lot and covered employee parking Automatic Annual CPI Increases Operating Expenses stated in lease, subject to change |
Attachments & Media
Additional Details
| Nearest MSA: | Clovis |
| County: | Curry |
| Tax ID/APN: | 121201215325500 |
| Property Located Between: | Located just east of Prince Street and E Manana Blvd in Clovis, New Mexico. |
| Year Built: | 2004 |
| Year Renovated: | 2015 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,143 | 35,138 | 36,565 |
| Median Age: | 37.84 | 32.83 | 32.78 |
| Households: | 3,815 | 13,405 | 13,914 |
Contact
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