2450 Lakeside Dr

Office: Mixed Use

2450 Lakeside Dr, Las CrucesNM 88007

Property Details

Location

Address
2450 Lakeside Dr, Las CrucesNM 88007
County
Dona Ana
Submarket
Parcels
4005136473260

Building Size

Building Size
27,442 SF
Rentable Space
27,442 SF

Building Details

Type
 Office: Mixed Use
Number of Buildings
5
Occupancy Type
Single Tenant
Percent Occupied
100%
Building Class
B
Building Status
Existing
Floors
1
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
2.85 Acres
Land (SF)
124,146 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
I1 LIGHT INDUSTRIAL
Lot Depth
Lot Width

Contacts

Current Listings

ONE PART SOLID INVESTMENT RETURN ONE PART A NEW VISION!

27,442 SF$2,850,000
Cap Rate: 9.9%
STEINBORN / TCN Commercial Real Estate

This is a unique and flexible investment opportunity if there ever was one. The facility is current anchored by a multiple area law enforcement agencies and task force operations that have been located at the site in various components for over 20 years. The tenant is funded by the City of Las Cruces but additional funding comes from other state and federal related sources. The current tenant has recently extended their lease for an additional two years effective August 1st of 2020 and has some short term extension options thereafter. Various agencies within the compound are growing and expanding and may have some unique requirements within the coming years. It may be possible to extend the existing lease with some stipulations while other agencies may have a need to relocate due to ongoing requirements. It is therefore possible to also allow a buyer or user to occupy a portion or all of the facility in the coming years if desired. The location and site dynamics are also unique in that it is comprised of highly professional office space, lab space, conference & meeting room space, open bullpen areas, and industrial related elements that can be expanded upon. The entire facility is gated with secured access to multiple areas within the compound for additional flexibility and the ability to demise off certain sections. The overall flexibility cannot be understated. It can be a significant attraction to special need tenants and users. The existing financials are solid for what is in place and the net income promises to increase as the tenant took on some expenses not previously paid for in their recent renewal. The location also offers quick interstate access and flexibility if location is a concern. Please give us a call to discuss. There can be a lot to talk about in this circumstance related to the future and existing potential.

STEINBORN / TCN Commercial Real Estate

This is a unique and flexible investment opportunity if there ever was one. The facility is current anchored by a multiple area law enforcement agencies and task force operations that have been located at the site in various components for over 20 years. The tenant is funded by the City of Las Cruces but additional funding comes from other state and federal related sources. The current tenant has recently extended their lease for an additional two years effective August 1st of 2020 and has some short term extension options thereafter. Various agencies within the compound are growing and expanding and may have some unique requirements within the coming years. It may be possible to extend the existing lease with some stipulations while other agencies may have a need to relocate due to ongoing requirements. It is therefore possible to also allow a buyer or user to occupy a portion or all of the facility in the coming years if desired. The location and site dynamics are also unique in that it is comprised of highly professional office space, lab space, conference & meeting room space, open bullpen areas, and industrial related elements that can be expanded upon. The entire facility is gated with secured access to multiple areas within the compound for additional flexibility and the ability to demise off certain sections. The overall flexibility cannot be understated. It can be a significant attraction to special need tenants and users. The existing financials are solid for what is in place and the net income promises to increase as the tenant took on some expenses not previously paid for in their recent renewal. The location also offers quick interstate access and flexibility if location is a concern. Please give us a call to discuss. There can be a lot to talk about in this circumstance related to the future and existing potential.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: CARNM

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