Shopping Center for Sale- 100% Leased

Shopping Center for Sale
Catylist Listing ID: 30799402
Property Subtypes: Neighborhood Center
Building Size (RSF): 75,113 SF
Gross Building Area: See Agent
Gross Land Area: 6.95 Acres
Sale Price: $11,500,000
Unit Price: $153.10 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Goff Plaza Shopping Center
Sale Terms: Cash to Seller
Cap Rate: 7.3%
Last Updated: 5/16/2022

Overview / Comments

100% Leased Shopping Center
7.3% Cap Rate based on 2021 Actual's for Rent & Expenses.
8% Cap Rate Based on Projected Rent and Expenses for 2022.

For Rent Rolls, Survey's and other property information an NDA is required.

3 Free Standing Signs with Digital Reader boards. Electronic full color changeable reader boards on Bridge and Goff

Frontage on Bridge Blvd, Goff Rd. and Tapia Rd

Surplus land approx. 1.5 acres west of property for future development

Extensive video security and surveillance system.

Onsite property manager

Extensive $2 million dollar plus renovation in the last twelve years

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: South Valley
Tax ID/APN: 101205629322141305
Largest Nearby Street: Bridge Blvd
Total Number of Buildings: 2
Number of Stories: 1
Construction/Siding: Other
Parking Description: 266 spaces (4:1,000)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,165 115,470 239,140
Median Age: 35.05 32.14 32.95
Households: 4,972 41,511 89,587


Photograph of Listing Agent

Brandon Saylor

Base 5 Retail Partners CARNM CIE Member
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