Catylist ID:
#30747101
| Catylist Listing ID: | 30747101 |
| Property Subtypes: | Community Center, Power Center |
| Building Size (RSF): | 131,613 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 10.89 Acres |
| Sale Price: | See Agent |
| Property Use Type: | Investment |
| Building Name: | West Central Plaza Shopping Center |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/6/2022 |
Overview / Comments
|
Nationally Recognized Tenants - Nearly 90% is Corporately Leased -The Property’s GLA is 100% leased to nationally recognized tenants - Burlington, Conn’s Home Plus, Dollar Tree, Panda Express, Supercuts, T-Mobile, and Dunkin’ -Gives an investor security in cash flow Separately Parceled | Value Arbitrage through Breakup Scenario - The Property consists of 5 separate parcels, allowing an investor the ability to immediately sell-off individual parcels, reducing their exposure and creating potential value through a breakup Strong Cash/Cash Return | Offered Free & Clear of Debt | Interest Only Options Available - Over a 10% cash/cash return day 1 of ownership - The Property is available free and clear of debt, so a Buyer has the flexibility to take advantage of low-interest rates and interest-only options Low Price Per Square Foot - Below Replacement Cost - Under $179/SF, which is significantly below the replacement cost - Creates security in real estate Underserved Retail Trade Area - Between retail and demand (3-mile radius), the city average is 45 SF/person - The southwest Albuquerque is 9 SF/person, which provides an investor security through a supply-constrained retail market Strategically Located Along Central Avenue - The Property is ideally positioned as the 1st retail shopping center as you cross over the Rio Grande River - Central Avenue is the trade area's most traveled street and is only one of seven Rio Grande River crossings - Located along the Albuquerque Rapid Art Transit (ART) capturing foot traffic as well |
Attachments & Media
Additional Details
| Nearest MSA: | Albuquerque |
| County: | Bernalillo |
| Submarket/Township: | South Valley |
| Tax ID/APN: | 101205717241520778 |
| Zoning: | MX-M - Mixed-use: Moderate Intensity |
| Largest Nearby Street: | Central Ave |
| Number of Stories: | 1 |
| Year Built: | 1971 |
| Year Renovated: | 2006 |
| Construction/Siding: | Brick, Stone |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 15,693 | 133,177 | 248,989 |
| Median Age: | 35.48 | 32.91 | 33.43 |
| Households: | 5,784 | 48,768 | 94,095 |
Contact
Lia ArmstrongKing Capital Commercial Real EstateCARNM CIE Member |
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