This investment property is currently leased in first year of five year lease, with a five year option and escalation clause. See associated docs for lease details.
This very well maintained property consists of two buildings (parts store and warehouse with 800 sq ft mezzanine). Central location, long term lease. Bring all investors. Approximately 8.5% cap rate before escalation.
- Site Link
- Property SubType Other
Horse Lovers Property! Hay barn, arena, 20 horse stalls, dog run, 10.5 acres of land, holding tank, bucking chutes, CID water right plus water well & well house, recently remodeled home, barn with electricity and so much more.
MLS ID 20180271
Listing Agent: Bob Yeager
Courtesy of: CENTURY 21 Associated Professionals, Inc.
Office Phone: 5758859722
Updated: 27th May, 2018 8:16 PM.
405 & 409 S Canyon Carlsbad, NM