Description
This is an excellent investment opportunity, featuring a 1,224 SF building with a government leased long-term agreement with the New Mexico Aging and Long Term Services Department. The current lease agreement began on July 1, 2019 and expires on June 30, 2029 with options to renew for up to an additional ten years. The base lease rate is fixed over the term, however, the annual operating costs are increased by 1.5% annually. For more information, contact the listing broker.
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0BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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1,224SQFT
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$106$/SQFT
School Ratings & Info
Description
This is an excellent investment opportunity, featuring a 1,224 SF building with a government leased long-term agreement with the New Mexico Aging and Long Term Services Department. The current lease agreement began on July 1, 2019 and expires on June 30, 2029 with options to renew for up to an additional ten years. The base lease rate is fixed over the term, however, the annual operating costs are increased by 1.5% annually. For more information, contact the listing broker.
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