Catylist Listing ID: 29840234
Property Subtypes: Industrial, Office
Gross Land Area: 4.70 Acres
Sale Price: $2,949,644
Unit Price: $627,583 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2017

Overview / Comments

Journal Center is Albuquerque’s only “campus environment” business park
designed by Langdon Wilson of Irvine, California. Journal Center’s
amenities include an exercise course, jogging trails, and fully landscaped
medians and setbacks.
:: Over 300’ of Jefferson St. Frontage
:: Excellent Visibility
:: Easy Access with three potential access points
Jefferson St, Proposed Headline Blvd. Extension and Proposed Tiburon St.
Extension.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: West Mesa
Tax ID/APN: ABQ23940
Zoning: IP - Industrial Park Zone
Market Type: Large
Property Located Between: I-25 & Paseo del Norte
Side of Street: North
Road Type: Paved
Property Visibility: Good
Legal Description: Tract 5-B-1-A-1-A
Largest Nearby Street: Paseo Del Norte
Feet of Frontage: 303
Traffic/Vehicle Count: 60,600
Highway Access: I-25
Site Description: Journal Center is Albuquerque’s only “campus environment” business park designed by Langdon Wilson of Irvine, California. Journal Center’s amenities include an exercise course, jogging trails, and fully landscaped medians and setbacks.
Area Description: The Paseo del Norte Corridor is situated in the heart of the highest demographic area in the City of Albuquerque. The Corridor features an average household income of $74,422 within a 5 mile radius. Due to the economic strength of the existing neighborhoods, many retailers have chosen the Corridor for their Albuquerque location. Restaurants, high end shops, grocery stores and big box retailers have clustered all along the Paseo del Norte frontage.
Lot Frontage: 303
Lot Depth: 897
Zoning Description: IP
Development Name: Journal Center Business Park
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,703 78,255 237,872
Median Age: 43.08 39.76 40.61
Households: 2,135 33,882 103,836

Contact

Photograph of Listing Agent

Michael Schiffer

CBRE CARNM CIE Member
Photograph of Listing Agent

Trevor Hatchell

CBRE CARNM CIE Member
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