3609 Del Rey Blvd
3609 Del Rey Blvd, Las Cruces, NM, 88012
ID 6e2bd300
Overview
NAI 1st Valley Realty is pleased to present the opportunity to acquire Terrace View Apartments, a 60-unit multifamily development currently under construction in the rapidly growing Las Cruces, New Mexico market. Positioned on 2.9 acres along Del Rey Boulevard, this project serves a strong residential corridor in the expanding eastern portion of the city. The current owner, a construction company, has elected to focus resources on a recently secured major federal border wall contract, creating a rare opportunity for a new investor to take over a development with engineering completed and site work already substantially underway. This acquisition allows a developer to step into a partially completed project and significantly shorten the overall timeline to completion and stabilization.
