Montano Plaza

Shopping Center for Sale
Catylist Listing ID: 28251217
Property Subtypes: Strip Center
Building Size (RSF): 121,171 SF
Gross Building Area: See Agent
Gross Land Area: 15.35 Acres
Sale Price: $8,760,000
Unit Price: $72.29 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 9.5%
Last Updated: 9/25/2017

Overview / Comments

Montano Plaza Shopping Center is located on Albuquerque's West Side, 1 mile west of the Rio Grande, on Coors Blvd., one of the busiest city traffic corridors, with over 38,000 cars passing per day.

Montano Plaza is an established neighborhood center anchored with a 86,000 square foot Albertson's Grocery store.

The sale includes the improved shopping center on long-term ground lease with +/- 35 years remaining.

Attachments & Media

Financials

Finance Data Year 2015
Net Operating Income $830,964 (Annual)
Finance Data Year 2014
Net Operating Income $804,511 (Annual)

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: West Mesa
Tax ID/APN: 101206231328340205
Largest Nearby Street: Coors
Traffic/Vehicle Count: 43,900
Number of Stories: 1
Year Built: 1974
Year Renovated: 2007
Parking Ratio: 5 (per 1000 SF)
Total Parking Spaces: 610

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,455 88,383 227,379
Median Age: 35.47 38.61 35.82
Households: 4,338 35,632 90,814

Contact

Photograph of Listing Agent

Richard L Diller

NAI Maestas & Ward CARNM CIE Member
Photograph of Listing Agent

Cole Flanagan

NAI Maestas & Ward CARNM CIE Member
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