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Uptown Office Complex for sale as investment or for lease
Features - Great Uptown location - Beautiful campus setting - Well-maintained property with high-quality finishes - Parking ratio: 4.48 per 1,000 - Investment offering at 7.2% Cap Rate - 2632 Mesilla > 7,393 SF, 95% leased, fiber optic cable installed, 1,000 SF basement - 2616 Mesilla > 6,913 SF, 100% leased, fiber optic cable installed, 1,000 SF basement - Immaculate, move-in ready offices - Lots of windows and natural light - Beautiful campus setting within walking distance to Uptown amenities
On average, listings lease in the $20's per square foot per year. The Uptown region is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decline in rent.
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