Huge shopping mall in New Mexico

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Huge shopping mall in New Mexico

$3,800,000
$587 /m²
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  • Total area
    6,467 m²
  • Yield
    10.7%
  • Built in 
    1967
Details
Property parameters
  • Land area: 28,385 m²
  • 1-floor building
Financial performance
  • Annual income: $389,044
Tenants
  • Occupancy: 85%
Property status
  • Most recent total renovation: 2012

It is a shopping mall in one of the cities on the border between New Mexico and Texas.

Description

The total area of a single-storey building is 6,467 m².

The plot of 28,385 m².

The mall was constructed in 1967 and renovated in 2012 ($ 2,4 million). At the moment the building is in good overall condition.

85% of the property area are leased out.

Financial performance

Absolute income is 407,220 $.

The current yield of 10,7%.

Location

The property is situated on a retail corridor close to the local medical center.

There are a cinema and fast food restaurants in close proximity of the mall.

More properties

If this ad doesn't suit you, have a look at the other supermarkets for sale in New Mexico.

All ads in the country: supermarkets for sale in the USA.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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