Bite Size Office Investment Opportunity

Office for Sale
Catylist Listing ID: 30704007
Property Subtypes: Business Park, Office Building
Building Size (RSF): 11,800 SF
Gross Building Area: See Agent
Gross Land Area: 1.07 Acres
Sale Price: $1,636,492
Unit Price: $138.69 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 7.75%
Average Occupancy Rate: 100
Last Updated: 3/2/2021

Overview / Comments

INVESTMENT OVERVIEW

11,800 sf, single story office, 100% leased
Secure in-place cash flow, annual escalations
NE Heights location, easy access to Interstates and all quadrants of the city
Zoned PD (planned development)
Close proximity to numerous amenities

OFFERING SUMMARY

SALE PRICE $1,636,492
CAP RATE 7.75%
NOI (PROJECTED YEAR 1) $126,828
NET RENTABLE AREA 11,800 SF
LEASED 100%
# OF TENANTS 2
BUILDING DETAILS SINGLE STORY | MULTI-TENANT | CLASS B
YEAR BUILT 1994

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Far Northeast
Taxing Authority: Bernalillo County
Tax ID/APN: 101806245804540943
Zoning: PD - Planned Development
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1994

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,908 135,335 302,835
Median Age: 38.78 40.05 39.75
Households: 9,587 60,695 133,918

Contact

Photograph of Listing Agent

Jim P Dountas

CBRE, Inc.
CARNM CIE Member
Photograph of Listing Agent

Jason Lott

CBRE CARNM CIE Member
Photograph of Listing Agent

Marguerite Haverly

CBRE CARNM CIE Member
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