Medical Office Building Investment

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30114010
Property Subtypes: Medical
Status: Pending/Contingent
Building Size (RSF): 5,589 SF
Gross Land Area: 27,603 SF
Sale Price: $650,000
Unit Price: $116.30 PSF
Ceiling: 8 ft.
Property Use Type: Investment
Class of Space: Class B
Usable Size (USF): 5,589 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/9/2017

Overview / Comments

100% leased two physician property: Pediatrician and Dentist. Extremely well maintained frame/stucco building with brick facade and attractive landscaping. Property upgrades over the past few years include: new water line from street to building, membrane roof, energy efficient windows, new exterior doors, HVAC compressors, gas furnaces, insulation added to south/west walls prior to re-stuccoing. Parking lot resealed and striped.

Reference Property Upgrades in "Other Files".

Just buy it and collect the rents. This one won't last.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Tax ID/APN: UPC 1-016-058-484-514-1286 ABQ106903
Zoning: O-1 - Office and Institution Zone
Property Located Between: Located at Carlisle and Indian School Rd
Property Visibility: Excellent
Highway Access: Immediate I-40/Carlisle access
Airports: Albuquerque International
Site Description: .6337 acres
Area Description: Nice office/commercial area with Whole Foods and K-Mart across street.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,985 SF
Year Built: 1960
Roof Type: Flat
Construction/Siding: Wood Frame
Exterior Description: Frame Stucco with Brick Facade.
Parking Ratio: 150 (per 1000 SF)
Parking Type: Surface
Parking Description: Approximately 37 paved and marked spaces.
Total Parking Spaces: 37
Sprinklers: Other
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Interior Description: Each doctors interior office independently maintained. Entry foyer maintained by the Pediatrician and used as child play area. Floors have crawl space.
Zoning Description: 0-1 and P-1
Lot Frontage: 172.52 (See Survey in "Other Files")
Lot Depth: 160
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: See Survey in "Other Files"
Land Ownership: Fee
Legal Description: Lots 20 and 20A, Block 9, Pace Subdivision

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,593 152,030 334,745
Median Age: 39.61 36.01 37.76
Households: 6,979 68,241 144,981


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