Los Lunas Strip Center 10.85% CAP

Shopping Center for Sale
Catylist Listing ID: 30373088
Property Subtypes: Strip Center
Building Size (RSF): 8,886 SF
Gross Land Area: 0.50 Acres
Sale Price: $750,000
Unit Price: $84.40 PSF
Property Use Type: Investment, Business
Building Name: Goodfellas Plaza
Sale Terms: Cash to Seller
Cap Rate: 10.85%
Average Occupancy Rate: 90
Last Updated: 8/15/2019

Overview / Comments

Fully Leased strip Center. Currently 5 tenants, 3 have been there 10 years + . Great visibility just south of Main Street on NM Hwy 314. Easy on and off both directions on NM 314. Close to the Railrunner Station, Valencia County Court House, Community Center and Park and Los Lunas Middle School.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $3,600 (Annual)
Potential Rental Income $94,800 (Annual)
Net Operating Income $81,400 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Albuquerque
County: Valencia
Taxing Authority: Valencia County
Tax ID/APN: 1009037217515000000
Retail Clientele: General, Family
Property Visibility: Excellent
Largest Nearby Street: Main Street
Feet of Frontage: 200
Traffic/Vehicle Count: 15,000
Highway Access: Close to I-25
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Roof Type: Flat
Construction/Siding: Brick, Stucco
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System, Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,452 21,464 39,620
Median Age: 34.6 39.39 39.19
Households: 1,581 7,686 14,275

Contact

Photograph of Listing Agent

Ron Hensley

EXP Realty, LLC CARNM CIE Member
Photograph of Listing Agent

Steven Etkind

EXP Realty, LLC CARNM CIE Member
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