LAS CRUCES, AZ – Owner-operated commercial real estate firm NAI 1st Valley has sold a 42-property office portfolio to a single-entity buyer for $130 million.
The portfolio totals 733,187 square feet of office space across 19 cities in New Mexico. The properties are currently occupied by 70 tenants, many of which are state and other government agencies. NAI 1st Valley operated the properties under numerous holding companies.
Built between 1998 and 2008, the assets range from 4,400-square feet to more than 42,000 square feet. Of the 42 office buildings, 40 properties are stand-alone, single-story structures and two properties are two-story structures.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
