List Search

2212 W Lea St
Carlsbad, NM 88220

$725,000 USD

Warehouse For Sale  •  2,475 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 2,475 SF
  • Lot Size 0.42 AC
  • Building Class C
  • Year Built 1960
  • Cap Rate 7.03 %
  • Tenancy Single
  • Zoning commercial
0 Transit Score
30 Walk Score

Highlights

Approximately 9 years remaining on a Modified Gross lease, providing a stable income stream for ownership.
Tenant is responsible for utilities, reducing landlord operating exposure.
Lease is backed by a personal guarantee, adding an additional layer of security for investors.
Tenant currently operates four locations, demonstrating business experience and operations stability.
Sale includes 2212 W Lea St., 615 Welshire, and 617 Welshire back lot, totaling approximately 0.42 acres.
Extensive capital improvements were completed between 2022 and 2023, limiting near term deferred maintenance concerns.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $51,000 USD (2025)
Cap Rate: 7.03 %

Amenities

  • Floor Drains
  • Security System
  • Air Conditioning
Michael Angelo 505-363-7550 Colliers
Michael Angelo 505-363-7550 Colliers