Single-Tenant Office Building in Verano Plaza

Office for Sale
Catylist Listing ID: 30188388
Property Subtypes: Office Building, General
Building Size (RSF): 2,275 SF
Gross Building Area: See Agent
Gross Land Area: 0.43 Acres
Sale Price: $435,000
Unit Price: $191.21 PSF
Property Use Type: Investment
Building Name: Verano Plaza
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 3/19/2018

Overview / Comments

• Single-tenant office building
- Newer Class A, quality construction
• Low price point: $435,000
• Building Size: +/- 2,275 SF
• Land Size: +/- 0.43 acres
• Over 3 years of lease term remaining through May 31, 2021, on the initial 5-year lease term
• Located in Verano Plaza
- Small office campus with ample parking
- Owners association maintains the common areas
• Flexibility - investment or future owner-user potential
- Tenant does not have any options to renew
• Located at the corner of San Mateo Blvd and San Diego Ave with excellent visibility and easy access
- Convenient to both the Eastside and Westside of the city
• 50,039+ population within a 3-mile radius of site
• $83,249+ average household income within a 3-mile radius of site
• Noteworthy Class A construction
- Energy efficient building
- Raised floor with underfloor ventilation and network
- Modular insulated concrete block building
• Value-add component

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Tax ID/APN: ABQ12666
Total Number of Buildings: 1
Number of Stories: 1
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,335 55,974 191,051
Median Age: 35.6 42.74 41.46
Households: 2,330 23,107 82,540


Photograph of Listing Agent

Cole Flanagan

NAI Maestas & Ward CARNM CIE Member
Photograph of Listing Agent

Jake Mechenbier

NAI Maestas & Ward CARNM CIE Member
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