1208 Arcineiga Drive

Office for Sale
Catylist Listing ID: 30502349
Property Subtypes: Governmental, Office Building
Building Size (RSF): 5,680 SF
Gross Building Area: See Agent
Gross Land Area: 0.22 Acres
Sale Price: $1,150,000
Unit Price: $202.46 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 9.76%
Last Updated: 9/23/2019

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 in the initial 5-year term and drops off 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.

Additional Details

Nearest MSA: Clovis
County: Curry
Tax ID/APN: 121201215325500
Site Description: Located just east of Prince Street and E Manana Blvd in Clovis, New Mexico.
Year Built: 2004

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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

Photograph of Listing Agent

Karen Higgins, CCIM

WestMark Commercial West Texas CIE Member
Photograph of Listing Agent

Alison Blalock, CCIM

WestMark Commercial West Texas CIE Member
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