3961 E Lohman Ave Las Cruces, NM 88011

Marcus & Millichap is pleased to present Mountain Vista Plaza, a four-building multi-tenant retail office center with a gross leasable area of approximately 35,000 square feet, situated on a 4.75 acre lot. The property is located within a strong retail trade area along E. Lohman Avenue, just minutes east of the Can Am Highway (I-25), the Mesilla Valley Mall and shadowed by the Mountain View Regional Medical Center to the west.
Mountain Vista Plaza is 100% occupied with 9 of the 10 tenants servicing NNN leases. The one tenant (Army Corp of Engineers) who is not, recently renewed their full service lease (related to repairs, janitorial, etc.) and pays a separate amount on top of the base rent for other related CAM costs. This asset has been professionally managed and well-maintained. Being in excellent condition, recent capital improvements include a full roof replacement (2016), 9 HVAC units (2016), exterior painting of the entire complex (2017) and sealing of the parking lot (2020). This investment property is also directly located within The City of Las Cruces' plan to guide the development of over 110 acres of city-owned property adjacent to the E. Lohman corridor. Mountain Vista Plaza will benefit and realize further long term upside with increased commercial and residential development, along with new economic drivers, bolstering the direct area. Nearby retailers include Walgreen's, Jason's Deli, Dunkin' Donuts, Jimmy John's, Pioneer Bank, Circle K, Ross, Petco, Big 5 Sporting Goods, Five Below among others.