TENANTED MEDICAL OFFICE BULDING FOR SALE

Office for Sale
Catylist Listing ID: 29770073
Property Subtypes: Medical, Office Building
Building Size (RSF): 16,557 SF
Gross Building Area: See Agent
Sale Price: $1,450,000
Unit Price: $87.58 PSF
Property Use Type: Investment
Building Name: 1316 Jackie Rd SE
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 9.8%
Last Updated: 9/20/2017

Overview / Comments

Tenanted Medical / Office building for sale. Many upgrades and improvements to quality medical office building originally constructed as a Presbyterian medical center. Longstanding tenants consist of a mix of medical,dental, professional and software engineering. Medical dental occupancy approximates 70% of total building. Generous parking totaling 64 spaces. Convenient south Rio Rancho location near Rust, banking, restaurants, in the Cottonwood trade area proximity.

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Tax ID/APN: 1014068049268
Zoning: C-1
Market Type: Medium
Property Located Between: Jackie and Meadowlark Roads
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Transportation: Highway
Highway Access: 528 from Jackie to meadowlark.
Site Description: Level
Area Description: Strong retail commercial trade area including medical, banking, restaurants, etc.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1978
Year Renovated: 2007
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Contemporary professional-medical design containing three grade level handicapped access points.
Parking Ratio: 4.1 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 65
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Internet Access: Cable, DSL, T1/T3
Interior Description: Spectacular large interior lobby including fountain, plantings, benches, and skylights offers wonderful courtyard ambiance in climate controlled environment.
Zoning Description: commercial

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,807 76,011 143,841
Median Age: 48.41 39.95 37.9
Households: 5,816 29,767 54,981

Contact

Photograph of Listing Agent

John L Morrow

West Wood Realty CARNM CIE Member
Photograph of Listing Agent

Roderick Smith

West Wood Realty CARNM CIE Member
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