Chamita Office Condos

Office for Sale
Catylist Listing ID: 30149444
Property Subtypes: Business Park, Mixed Use, Office Building
Building Size (RSF): 20,000 SF
Gross Building Area: 30,000 SF
Gross Land Area: 126,759 SF
Sale Price: $2,000,000
Unit Price: $100 PSF
Property Use Type: Investment
Building Name: Chamita Park Office Condos
Class of Space: Class C
Usable Size (USF): 20,000 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 3/29/2019

Overview / Comments

The Chamita office complex consists of 4 buildings on over 2.5 acres, There are over 100 parking sites in the complex. The condo fees usually run $40 per month for every 1000 square feet. The property has very high visibility and has a good traffic count of over 10,000 per day. What is for sale is approx 20,000 square feet of the 30,000 square feet total. The rent runs $12 per square foot per year. There is a shortage of small office space between 1000 to 2000 square feet in Las Cruces. This is a very nice complex and has enjoyed a good rental history. The current Tenants and owners are Accountants, Appraisers, and Medical professionals.
There are not many properties that come up for sale like this property.

Attachments & Media

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: 02-07522
Property Located Between: Idaho
Property Visibility: Excellent
Highway Access: Interstate 10 & 25
Site Description: The area is fairly flat and sits up high. The property consists of 4 Buildings that are Condo Office units.
Area Description: Mixed use Retail and Office
Total Number of Buildings: 4
Number of Stories: 1
Year Built: 1988
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Parking Description: Surface parking all around the buildings
Total Parking Spaces: 118
Zoning Description: C-2 Commercial
Lot Frontage: 336
Lot Depth: 450
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Condo
Legal Description: CHAMITA PARK CONDO S: 19 T: 23S R: 2E DESC: C85001 3 C 9114674 3.33% OF COMMON AREA MAP 9 TR 87

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,663 76,246 105,650
Median Age: 31.56 33.71 35.11
Households: 6,744 30,912 42,328
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.