Corporate Single-Tenant Investment | Low Price Point

Special Purpose for Sale
Catylist Listing ID: 30229972
Property Subtypes: Assembly/Meeting Place
Building Size (RSF): 6,000 SF
Gross Land Area: 0.44 SF
Sale Price: $670,000
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 8/13/2018

Overview / Comments

• New 8-year lease term through December 31, 2025
• Annual rent increases starting in year 3
• The Universal Church
- Large, established church
- Located in more than 100 countries throughout the world
- Congregation as a whole is in excess of 3 million members
• Building size: +/- 6,000 sq ft
• Land size: +/- 0.44 acres
• Recent significant upgrades/renovations
• Strategically located at the corner of Dallas St & Zuni Rd
• Dense infill location - 113,000+ population within a 3-mile radius of site
• Convenient access
- Located one street south of Central Ave
- Near the State Fairgrounds and I-40
• Repairs and Maintenance
- Landlord only responsible for repair and replacement of roof, foundation, and structural elements

Attachments & Media

Financials

Finance Data Year 2017
Net Operating Income $46,688 (Annual)

Current Tenants

Tenant Business Name The Universal Church

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: ABQ160187
Zoning: MX-L - Mixed-use: Low Intensity
Total Number of Buildings: 1
Number of Stories: 1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,184 130,045 270,237
Median Age: 30.13 37.51 37.32
Households: 9,173 56,995 119,137

Contact

Photograph of Listing Agent

Cole Flanagan

NAI Maestas & Ward CARNM CIE Member
Photograph of Listing Agent

Jake Mechenbier

NAI Maestas & Ward CARNM CIE Member
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