Commercial Property for Sale in Mineral Wells Texas 76067

Highlights

• High Demand
• Less than 2 sq. ft. Per Capita
• Room for Expansion
• Below Market Rents
• Adjacent to New Development
• Visibility from Interstate 25
• 90%+ Historical Occupancy
• High Traffic Count (31K Vehicles Per Day)
• One of The Largest Cities in New Mexico
• Increasing Demand for Boat and RV Storage
• Retail space available for use.
• Value Add Opportunity.
• Significant Value-Add Potential: The substantial difference between the current Cap Rate (5.15%) and the Pro-Forma Cap Rate (8.26%), along with an 87% occupancy, suggests considerable upside potential through lease adjustments, operational efficiencies, o
• Diverse Income Stream (Multi-Tenant): With 251 tenants across 288 units, the property benefits from a highly diversified income stream, reducing risk associated with tenant turnover compared to single-tenant properties.
• Flexible Usage (Mixed-Use/Flex/Warehouse): The property's versatility as industrial, mixed-use, office, flex, and warehouse space broadens its appeal to a wide range of businesses and tenant types, enhancing its long-term viability.
• Attractive Price Point: At $95.17 per square foot and $12,152.78 per unit, the property is priced competitively, especially considering its value-add potential and diverse tenant base.
• Established Infrastructure (Built 1986): Built in 1986, the property offers established infrastructure with 36,776 square feet of net rentable space, providing a solid foundation for future improvements and increased profitability.