Duke City Center

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30707914
Property Subtypes: Street Retail
Status: Pending/Contingent
Building Size (RSF): 18,321 SF
Sale Price: $1,650,000
Unit Price: $90.06 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.46%
Last Updated: 3/4/2021

Overview / Comments

ACTUAL CAP RATE (NOT PROFORMA) OF 8.46%
100% LEASED!!!
Great tenant mix with step up leases for continued growth in income.
Turnkey!!!
Many capital improvements.
2 Buildings on two separate parcels. Willing to sell individually as follows:
North Building= $920,000 ( 8.08% ACTUAL CAP RATE)
South Building= $810,000( 8.07% ACTUAL CAP RATE)

Contact Broker for more info, cash flow analysis

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Northeast
Tax ID/APN: 101705915925031334
Zoning: MX-M - Mixed-use: Moderate Intensity
Property Visibility: Excellent
Largest Nearby Street: Menaul Blvd NE
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,479 150,287 337,797
Median Age: 37.14 36.59 38.08
Households: 8,859 67,403 147,523

Contact

Photograph of Listing Agent

Jeffrey Kantor

Red Sky Realty CARNM CIE Member
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