TITLE:
Lemitar, NM Exit Property
CONTROL:
Exclusive
VALUE:
$1,100,000
LOAN:
$0
EQUITY:
$1,100,000
TYPE:
Land
HAVE:
19.46 acres of fully fenced (chain link) land off of Lemitar Exit. Great visibility from I-25. Property currently has a billboard under lease until Sept 2027 generating $1800/ month with an option to renew.
ADDRESS:
205 Manzanares Ave, Socorro, New Mexico
BENEFITS TO NEW OWNER:
Billboard on property 1 year remaining on lease. Electricity on site. Frontage Road Access.
GROSS SCHEDULED INCOME:
$21,600 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$21,600
EXPENSES:
$0
NOI:
$21,600
DEBT SERVICE:
$0
CASH FLOW:
$21,600
CAP RATE:
1.96%
BENEFITS SOUGHT:
Cash Out
COUNSELOR:
Angelo Mora
Keyway Properties
9998 Montgomery Blvd. NE Suite B
Albuquerque, New Mexico, 87111
