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0 Baths

$4,140,000

2324 W Pierce Street, Carlsbad NM, 88220

Price per sqftN/A
Built in1990
Property typeCommercial
Courtesy of Kerri Fowler with Dunagan Associates

Overview

Active

Listed May 21, 2026

Updated 4 weeks ago

Prime Investment opportunity in Carlsbad featuring two commercial buildings totaling 19,628 square feet, both secured with newly executed triple net (NNN) leases that include annual rental increases-providing immediate, stable cash flow. The 8,428 SF office building is well-appointed with a professional lobby, full kitchen, two sets of restrooms, 24 private offices, four large conference rooms, and multiple storage areas- ideal for administrative or corporate use. The adjacent 11,200 SF building functions as a climate-controlled medical warehouse, offering specialized infrastructure for long-term tenant retention. Both properties have been updated and offer ample on-site parking, enhancing tenant satisfaction and usability. Priced to deliver approximately a 9% cap rate, this asset presents a compelling blend of strong in-place income, quality improvements, and long-term lease security in a high-demand commercial corridor.

Additional information

MLS® ID
20263015

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
2.86 Acres

Other Property Details

Taxes
$40,572
Tax Frequency
Annually
55+/Senior Community
No
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Property information should be verified by buyer. Listing information provided in part by the New Mexico Association of REALTORS®. Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the New Mexico Association of REALTORS®. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ralph Alan Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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