Catylist Listing ID: 30766634
Property Subtypes: Office Building
Condo? Yes
Building Size (RSF): 5,590 SF
Gross Building Area: 5,711 SF
Gross Land Area: 0.13 Acres
Sale Price: See Agent
Property Use Type: Investment
Building Name: Pinnacle Commons Building Five
Class of Space: Class A
Usable Size (USF): 5,711 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/14/2022

Overview / Comments

The current tenant's lease expires on Jan 31, 2024. 2-year-old TPO roof with 10-year transferable warranty. NN lease with roof and HVAC owners responsibility. Condo fee covers landscaping, parking lot/lights, water/sewer, and exterior structure.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $8,096 (Annual)
Tax Value Improvements $506,300
Net Operating Income $76,220 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Turning Point Recovery Center
Contact Name Do Not Disturb Tenant
Contact Title Do Not Disturb Tenant
Industry Type Health Care and Social Assistance
Is Renting? Yes
Annual Revenue $82,723 (Annual)
SF of Space Occupied 5,711 SF
Current Rent $6,894 PSF (Annual)
Lease Expiration 1/2024

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Far Northeast
Taxing Authority: Bernalillo
Tax ID/APN: 102006132101942007
Is Condo?: Yes
Zoning: MX-T - Mixed-use: Transition
Property Located Between: On Montgomery between Eubank and Wyoming
Property Visibility: Excellent
Year Built: 2001
Roof Type: Flat
Construction/Siding: Stucco
Parking Ratio: 3.9 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 22
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: The purpose of the MX-T zone district is to provide a transition between residential neighborhoods and more intense commercial areas. Primary land uses include a range of low-density multi-family residential and smallscale office, institutional, and pedestrian-oriented commercial uses.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Building numbered Five (5) of PINNACLE COMMON CONDOMINIUM, a condominium development located in the City of Albuquerque, Bernalillo County, New Mexico created pursuant to that certain Condominium Declaration for Pinnacle Common filed for record November 19, 2001 in Book A27, Page 4556 as Document No. 2001136341; amended by that certain Supplement to Condominium Declaration dated December 3, 2003, filed for record December 5, 2003 in Book A69, Page 7509 as Document No. 2003217973; amended by that certain Supplement to Condominium Declaration dated September 10, 2004, filed for record Sept

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,604 161,338 317,176
Median Age: 40.46 41.9 39.13
Households: 11,481 73,669 139,429
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS┬« New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.