Uptown Office Building

Office for Sale
Catylist Listing ID: 7170235
Property Subtypes: Office Building, General
Building Size (RSF): 47,420 SF
Gross Land Area: 2.76 Acres
Sale Price: $5,503,648
Unit Price: $116.06 PSF
Property Use Type: Investment
Building Name: Louisiana Place
Class of Space: Class B
Core Factor: 15%
Sale Terms: Cash to Seller
Cap Rate: 7.95%
Last Updated: 5/16/2022

Overview / Comments

Excellent investment opportunity
Long-term leases in place
Ample windows with spectacular views of the Sandias
Recently remodeled lobby and all common areas
New exterior renovation
Environmentally friendly and efficient HVAC cooling system
Uptown location with great Uptown rate
7.95% CAP rate

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Uptown
Tax ID/APN: ABQ122885
Zoning: MX-M - Mixed-use: Moderate Intensity
Property Visibility: Excellent
Number of Stories: 3
Construction/Siding: Steel Frame
Parking Ratio: 4.3 (per 1000 SF)
Total Parking Spaces: 204

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,400 171,878 319,678
Median Age: 39.03 37.01 38.21
Households: 8,848 75,920 141,228

Contact

Photograph of Listing Agent

Steve O Kraemer

NAI SunVista CARNM CIE Member
Photograph of Listing Agent

Dave Hill CCIM, SIOR

NAI SunVista CARNM CIE Member
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