High Yield TIC (Tenants in Common) Opportunity

Office for Sale
Catylist Listing ID: 30442709
Building Size (RSF): 108,000 SF
Gross Building Area: See Agent
Gross Land Area: 4.74 Acres
Sale Price: $1,000,000 - 6,000,000
Unit Price: $9.26 - 55.56 PSF
Property Use Type: Investment
Building Name: Altura Professional Building
Class of Space: Class A
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 8/23/2019

Overview / Comments

The Altura Professional Building is being offered as a TIC, or Tenants in Common, investment opportunity. Sponsored by Kingsbarn Realty Capital, this TIC extends an 8% cash-on-cash projected return intended for investors looking to identify a 1031 exchange property or for investors looking to place $1,000,000+ in an income producing asset with few landlord responsibilities. We are looking for a maximum of 6 investors at the $1,000,000 mark to invest in this fractional ownership structure and to own a portion of this Class A trophy asset in Albuquerque, NM.

This investment opportunity expires the sooner of the $6,000,000 being placed or July 31, 2019. Please reach out with any questions.

Current Tenants

Tenant Business Name Lovelace Healthcare System
Website URL http://lovelace.com/
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 1st Floo
SF of Space Occupied 32,250 SF
Tenant Business Name GSA (Indian Health Services)
Website URL https://www.ihs.gov/
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 220
SF of Space Occupied 25,358 SF
Tenant Business Name Gallagher, Casados & Mann PC
Website URL http://gcmlegal.com/
Industry Type Other Services
Is Renting? Yes
Suite Number 200N
SF of Space Occupied 4,738 SF
Tenant Business Name Michelle Baca Law Office
Website URL https://www.albuquerquedisability.com/
Industry Type Other Services
Is Renting? Yes
Suite Number 360N
SF of Space Occupied 2,443 SF
Tenant Business Name Butt, Thorton & Baehr PC
Website URL http://www.btblaw.com/
Industry Type Other Services
Is Renting? Yes
Suite Number 300S
SF of Space Occupied 30,110 SF
Tenant Business Name Hair Club for Men
Website URL https://www.hairclub.com/
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 410
SF of Space Occupied 2,425 SF
Tenant Business Name Burt & Company CPAs, LLC
Website URL http://www.burtcpa.com/
Industry Type Finance and Insurance
Is Renting? Yes
Suite Number 420N
SF of Space Occupied 5,919 SF
Tenant Business Name Lovelace Healthcare System
Website URL http://lovelace.com/
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 405N
SF of Space Occupied 5,115 SF

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Tax ID/APN: 101705914003830109L1
Zoning: MX-T - Mixed-use: Transition
Property Located Between: San Mateo & Carlisle
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 4

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,083 164,619 332,366
Median Age: 39.25 35.95 37.95
Households: 7,945 73,324 145,128

Contact

Photograph of Listing Agent

Austin Tidwell

Retail Solutions CARNM CIE Member
Photograph of Listing Agent

Daniel Kearney

Retail Solutions CARNM CIE Member
Photograph of Listing Agent

Robert Powell, CCIM

Retail Solutions 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.