Class A NNN Medical Office Building | 4401 E Lohman Ave

Discover a rare investment opportunity in Las Cruces, NM: a Class A, single-tenant NNN medical office building strategically located at 4401 East Lohman Avenue, adjacent to Mountain View Regional Medical Center and the Rehabilitation Hospital of
Southern New Mexico.

Built in 2018, this ±25,582 SF facility sits on 1.53 acres and is fully leased to Las Cruces Physician Services LLC, a trusted healthcare provider with 26 locations and over 70 medical professionals in the region. The lease runs through March 2031, with a five-year renewal option, ensuring long-term stability and predictable cash flow.

This property combines medical demand drivers, institutional-quality construction, and secure long-term tenancy, making it an ideal addition to any investment portfolio.

• Strong returns: Current NOI of $568,683 with a 6.35% cap rate on the $8.95M asking price.
• Minimal landlord responsibilities: NNN lease structure covering taxes, insurance, utilities, janitorial, and operational costs.
• Prime healthcare corridor: Positioned between two major hospitals, offering referral opportunities, patient convenience, and sustained tenant demand.
• Rapidly growing market: Las Cruces, the second largest city in New Mexico, boasts a 14% population growth since 2020 and benefits from major employers including NMSU, White Sands Missile Range, and Spaceport America.
• Lease rate of $22.81 per square foot is well below current market rates for medical office space. Lease goes to market rent in March 2031. Current market rent is $30 per square foot.