Exceptional Building + Cell Tower

Office for Sale
Catylist Listing ID: 30323777
Property Subtypes: Executive Suites, High-Tech, Medical, Mixed Use, Flex Space, Office Building
Building Size (RSF): 7,975 SF
Gross Building Area: See Agent
Gross Land Area: 0.48 Acres
Sale Price: $1,595,000
Unit Price: $200 PSF
Property Use Type: Vacant/Owner-User, Business
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/3/2018

Overview / Comments

> Building Price: $1,175,000
> Building Price per SF: $147.34
> Cell Tower* Price: $420,000
> Total Sale Price: $1,595,000

* Cell tower conveys with property; 7.6% cap rate; generates $32,016 income
annually with 18 years remaining on lease

> Lot Size: 0.48 Acres
> Construction: Steel frame, energy efficient construction, TPO roof
> HVAC: Refrigerated air/forced heat (multiple cooling zones)
> Parking: 3 car garage and 18 surface parking spaces
> Year Built: 2004
> Zoning: MX-T
> Location: Far Northeast Heights

> Income potential from commercial office/retail leasing and cell tower
> Panoramic views from two second floor terraces
> Flexibility. Built to allow interior walls to be re-positioned or removed.
> Comfort with 4 dedicated HVAC units, refrigerated air/forced heating
> Track lighting, ceiling fans, cabinetry and flooring
> Lighting with skylights on second floor, dimmers and large energy efficient
windows throughout
> 19 foot high ceilings in studio spaces and 10 foot high ceilings in office spaces
> Established landscaping with auto drip irrigation
> Access to nature trails and parks
> Storage located throughout the property including loft storage over the three
garage spaces
> ADA access with elevator to second floor and ramp to entrance
> Fully equipped kitchen

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Far Northeast
Tax ID/APN: ABQ53022
Zoning: MX-T - Mixed-use: Transition
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2004
Construction/Siding: Steel Frame
Parking Type: Structure, Surface
Total Parking Spaces: 21

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,850 119,776 258,517
Median Age: 43.07 43.29 40.63
Households: 11,154 53,815 114,098


Photograph of Listing Agent

Shona Martinez

Colliers International CARNM CIE Member
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