Office, Mixed-Use and/or Redevelopment Opportunity

Office for Sale
Catylist Listing ID: 30277956
Property Subtypes: Office Building
Building Size (RSF): 11,455 SF
Gross Building Area: See Agent
Gross Land Area: 0.43 Acres
Sale Price: $1,040,000
Unit Price: $90.79 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Class of Space: Class C
Usable Size (USF): 8,771 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 6/22/2018

Overview / Comments

This two-story building sits back from Central Avenue with Deacon Street at the back and abutting the Central Shopping Center of Los Alamos. A great redevelopment opportunity that could begin with the second floor while continuing an income stream from the first floor tenant. The population of Los Alamos is 18,000± with it growing to nearly 23,000± during the work week. The average median income is $108,000± per year, with the majority of citizens holding advanced degrees. The largest employer is Los Alamos National Labs (LANL) with approximately 12,000 employees. The community is in need of additional retail, housing and office resources to accommodate the expanding population.

Additional Details

Nearest MSA: Los Alamos
County: Los Alamos
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1966
Roof Type: Flat
Water Service: Municipal
Legal Description: EASTERN AREA 3 BLOCK EG S15 T19N R6E

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,426 8,476 14,171
Median Age: 40.12 42.23 43.86
Households: 1,206 3,880 6,174
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