Rare Investment Opportunity

Office for Sale
Catylist Listing ID: 30663721
Property Subtypes: Office Building
Building Size (RSF): 12,022 SF
Gross Building Area: See Agent
Gross Land Area: 37,918 SF
Sale Price: $2,100,000
Unit Price: $174.68 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/26/2021

Overview / Comments

Includes two buildings, one of which can be used by owner-investor and was designed and built by renowned designer/builder Nat Kaplan. The second provides steady cash flow.

Two freestanding office buildings with ample parking in the heart of the busiest shopping district in Albuquerque. Fully tenanted space makes an ideal investment.

• Premier freestanding property located in the heart of Uptown
• One of a kind Nat Kaplan office building. Offering also includes a second, fully leased, office building
• Ideal purchase for owner/user/investor
• 40 parking spaces (16 of which are covered) 3.3:1,000 parking ratio

Nat Kaplan, designer builder was influenced by the rich landscape of New Mexico and became a renowned builder/designer in Santa Fe, Taos and Albuquerque. Kaplan completed his first adobe building in 1949 and built nearly 150 adobe homes and commercial buildings throughout the Southwest. Some of Kaplan’s most notable projects are the Sagebrush Inn in Taos, Governor John Simms Ranch (La Cienega) and house (Albuquerque), Enchanted Mesa Trading Post, the innovative E.W. King house with exposed waterproof adobe and radiant floor heat, Rancho Allegre in La Cienega (used in “Red Sky at Morning” and the television series “Empire”), the Chamisal house with an experimental pumice insulated roof, the Darcy McNickle house, the Silo House in Los Poblanos using the existing silo and water troughs from the former dairy, Simms Arabian Ranch in Scottsdale using exposed burnt adobe, the restoration of the Coronado Monument kiva, the law offices of Jeff Bingaman in Santa Fe, and the Uribe house in Baja, CA. He received the Governor’s Award for Excellence in the Arts in 1984 and closed Sagebrush Construction Company in 1983 making 7309 Indian School unique in its location and craftsmanship. It was designed and built for a local dentist in 1977.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Uptown
Tax ID/APN: 101905916701530301
Zoning: MX-M - Mixed-use: Moderate Intensity
Property Visibility: Excellent
Highway Access: I-40
Airports: Sunport
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1977
Roof Type: Flat
Construction/Siding: Stucco
Parking Ratio: 3.3 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 40

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,838 189,596 330,925
Median Age: 43.37 37.61 38.51
Households: 9,001 84,751 146,041


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