Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30277869
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 21,336 SF
Gross Building Area: See Agent
Gross Land Area: 1.03 Acres
Sale Price: $3,100,000
Unit Price: $145.29 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: 8.51%
Last Updated: 9/17/2018

Overview / Comments

Cash flowing, 90% leased investment property with government-backed, national-credit anchor tenant N3B and two small local businesses. Annual rent escalation in place. Located in central business district close to shopping, restaurants, and services. 47 parking spaces and easy ingress/egress. The population of Los Alamos is 18,000± with it growing to nearly 23,000± during the work week. The average median income is $108,000± per year, with the majority of citizens holding advanced degrees. The largest employer is Los Alamos National Labs (LANL) with approximately 12,000 employees. The community is in need of additional retail, housing and office resources to accommodate the expanding population.

Additional Details

Nearest MSA: Los Alamos
County: Los Alamos
Taxing Authority: Los Alamos
Tax ID/APN: 1034112078292
Zoning: DT-TCO DOWNTOWN DISTRICT NEIGHBORHOOD
Retail Clientele: General, Business, Tourist, Convention, Other
Property Located Between: Trinity Drive and Central Ave
Property Visibility: Excellent
Largest Nearby Street: Trinty Drive
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1970
Roof Type: Flat
Total Parking Spaces: 70
Parking Type: Surface
Parking Description: Paved and ADA compliant.
Passenger Elevators: 1
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Other
Interior Description: Fiber Optic
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SUBD EASTERN AREA 3 BLOCK FF LOT 001 TRACT NW S15 T19N R6E

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,426 8,476 14,171
Median Age: 40.12 42.23 43.86
Households: 1,206 3,880 6,174
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