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1016 Santa Fe Ave
Clovis, NM 88101

$679,000 USD

Warehouse For Sale  •  8,500 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 8,500 SF
  • Lot Size 1.67 AC
  • Year Built 1974
  • Cap Rate 8.19 %
  • Tenancy Single
0 Transit Score
57 Walk Score

Highlights

United Rentals, Inc. (NYSE: URI) is the largest equipment rental company in the world with $14.33 billion of revenue in 2023
Industrial NNN Lease – Tenant pays for CAM, taxes, and insurance with minimal landlord responsibilities.
Lease offers 3% annual rent increases, including Fair Market Value (FMV) adjustments at each renewal option, serving as a hedge against inflation.
This is a profitable location for United Rentals as it serves both residential and commercial uses/customers in 12 cities throughout NM and TX.
United Rentals has operated at this facility since 2013 and recently exercised a 5 year option, demonstrating their commitment to this location.
With ±1.67 acres of land, this facility offers a building coverage ratio of only 11.68%.
Cap Rate: 8.19 %

Major Tenants

Tenant SF Occupied Lease End Date
United Rentals 8,500 SF 5/31/2028
Taylor Dintzner 907-717-8319 Matthews Real Estate Investment Services
Taylor Dintzner 907-717-8319 Matthews Real Estate Investment Services