Exceptional Building + Cell Tower

Office for Sale
Catylist Listing ID: 30323777
Property Subtypes: Executive Suites, High-Tech, Medical, Mixed Use, Flex Space, Office Building, Other
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: 4/16/2019

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
Passenger Elevators: 1
Sprinklers: None

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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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