Broadbent Business Park

Industrial for Sale
Catylist Listing ID: 30467564
Property Subtypes: Flex Space, Industrial-Business Park, Mixed Use, Light Industrial, Warehouse/Distribution
Building Size (RSF): 132,391 SF
Gross Building Area: See Agent
Gross Land Area: 9.36 Acres
Sale Price: $9,500,000
Unit Price: $71.76 PSF
Docks/Doors: 6 Docks, 6 Doors
Drive In Bays: 56 Bays
Property Use Type: Investment
Building Name: Broadbent Business Park
Sale Terms: Cash to Seller
Cap Rate: 7.93%
Last Updated: 8/5/2019

Overview / Comments

Colliers International is pleased to present a 9-building, multi-tenant industrial portfolio within Broadbent Business Park, in Albuquerque, New Mexico for sale. This property consists of approximately 132,391 SF, which is part of the 17 building, 327,614 SF master-planned Broadbent development. The subject buildings are situated on two (2) individual land parcels, which total +/-9.36 acres. The property is extremely well located at the juncture of two major freeways within Albuquerque’s most prominent commercial submarket, the North I-25 Corridor. Broadbent is truly a landmark property, representing a rare opportunity to acquire a high-quality asset with institutional-quality amenities.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Taxing Authority: Bernalillo County
Tax ID/APN: Parcel A:101505932535510820 AND Parcel B: 101505931432510810
Zoning: NR-C - Non-residential: Commercial
Property Located Between: NEC I 25 and Menual Blvd
Highway Access: I 25 & I 40
Airports: Sunport
Tenancy: Multiple Tenants
Total Number of Buildings: 9
Number of Stories: 1
Property Condition: Good
Year Built: 1980
Roof Type: Flat
Construction/Siding: Concrete - Tilt up
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: Parking is provided by open asphalt paved parking lots throughout the site. All of the 17 buildings within Broadbent are cross parked throughout offering a total of approximately 964 parking spaces. Parking for the entire development is ample at 2.94 spaces per 1,000 sq. ft.
Total Parking Spaces: 325
X-Phase: 3
Heat Type: Natural Gas
Heat Source: Ceiling Units, Radiant, Other
Air Conditioning: Evaporative Cooler, Package Unit
Lighting: Fluorescent
Internet Access: Cable, DSL, Fiber Optic
Interior Description: All office areas have HVAC
Zoning Description: The purpose of the NR-C zone district is to accommodate medium-scale retail, office, commercial, and institutional uses, particularly where additional residential development is not appropriate or not desired because of a deficit of jobs or services in relation to housing units in the area. Primary land uses include a wide spectrum of retail and commercial uses intended to serve both neighborhood and area-wide needs, as well as some light industrial uses.
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: PARCEL A OF DIVISION OF LAND OF MENAUL SCHOOL INC CONT 5.3673 AC and PARCEL B SUMMARY PLAT OF PARCEL B OF THE MENAUL BUSINESS PARK CONT 3.9936 AC

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,420 120,090 327,400
Median Age: 32.66 36.73 36.89
Households: 3,631 54,488 138,219

Contact

Photograph of Listing Agent

John R Ransom

Colliers International CARNM CIE Member
© Copyright 2001-2019 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.