Office for Sale
Catylist Listing ID: 29778175
Property Subtypes: Executive Suites, Institutional, Medical, Office Building, Research & Development, Other
Building Size (RSF): 13,243 SF
Gross Land Area: 1.35 Acres
Sale Price: $1,500,000
Unit Price: $113.27 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: SUN RIVER
Class of Space: Class A
Usable Size (USF): 11,448 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 3/25/2020

Overview / Comments

Class "A" State-of-the-Art facility Designed by prominent Architect Claudio Vigil.
Excellent owner user opportunity to purchase stabilized building and occupy from 3,000 to 6,700 sf when Eye Associates vacates their Suite. Southern Rio Rancho location convenient to Rust and Southern Rio Rancho Medical and economic developmental hub. Directly across from Intel. Meticulously maintained facility containing state of the art HVAC managements systems, generous parking, prominent location and tremendous curb appeal. This building is listed at less than 50% of today's replacement cost.

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Tax ID/APN: 1013067340434
Zoning: C-1
Market Type: Large
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Highway Access: North on Hwy 528 from Westside Blvd., to 19th Street (left) and stay right on Grande Blvd.
Airports: Sunport
Site Description: LEVEL
Area Description: Intel, Lovelace Medical Center, NM Highlands University, Fresenius Medical Care, VA facility, Presbyterian Rust Medical Center.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2000
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Metal/Glass
Exterior Description: Beautiful modern architectural design, extensive glass usage.
Parking Ratio: 4.5 (per 1000 SF)
Parking Type: Surface
Parking Description: GENEROUS PAVED
Total Parking Spaces: 65
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Interior Description: Modern, bright airy central lobby surrounded by modern quality office construction and interior fit out.
Zoning Description: Most commercial uses, medical, office, professional, etc.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,915 87,423 162,716
Median Age: 44.33 38.68 38.05
Households: 2,446 34,094 62,860


Photograph of Listing Agent

John L Morrow

West Wood Realty CARNM CIE Member
Photograph of Listing Agent

Roderick Smith

West Wood Realty CARNM CIE Member
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