Huge shopping mall in New Mexico

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Huge shopping mall in New Mexico

3,800,000 $
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Total area: 6,467 m² Yield: 10.7% Built in 1967
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Features
  • Operating Incomе: 365,683 €
  • Land area: 28,385 m²
  • 1-floor building
  • Occupancy: 85%
  • 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.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
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