Multi Tenant Office - Bear Canyon Professional I

Office for Sale
Catylist Listing ID: 30330975
Property Subtypes: Office Building, General
Building Size (RSF): 14,878 SF
Sale Price: $1,500,000
Unit Price: $100.82 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: Bear Canyon Professional I
Class of Space: Class B
Sale Terms: Cash to Seller
Last Updated: 2/20/2019

Overview / Comments

Great building currently 93.7% occupied with only one vacancy. Current rents are $15,725.42 monthly or $188,705.04 annually.

New roof and HVAC from insurance replacement due to hail. Total Capital Improvements 2015-2017 exceed $200,000. SEE PROPERTY BROCHURE ATTACHED FOR COMPLETE TENANT AND FINANCIAL INFORMATION

High traffic counts 20,000-45,000 . Four way curb cut in Wyoming provides easy in/out access. Suites vary including 9 foot ceilings, slump and wood wall accents, partial kitchen or breakfast bars and one with private bathroom. Just south of Academy near Walmart, Smiths, Whole Foods and much more.

Seller financing is a "possibility" with down payment of $500,000++.

Current Tenants

Tenant Business Name See Property Brochure For Complete List of Tenants
Tenant Business Name See Property Brochure For Complete List of Tenants

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Far Northeast
Tax ID/APN: ABQ50511
Zoning: O-1 - Office and Institution Zone
Market Type: Large
Property Located Between: Spain and Academy NE
Side of Street: West
Road Type: Paved
Property Visibility: Excellent
Site Description: Very easy to access due to full four way curb cut in Wyoming. Total of 53 parking spaces provides lots of space.
Area Description: Just south of Walmart, Smiths, Wild Oats and much more. Fantastic location in the middle of the northeast heights.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1982
Construction/Siding: Block
Parking Type: Surface
Parking Description: Lots of space. Building has access from three sides.
Total Parking Spaces: 53
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Spaces vary. Some have partial kitchen or coffee bars and decorator accents such as slump rock or wood beam wall accents. One has private bath.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,691 150,254 291,553
Median Age: 42.8 41.41 39.7
Households: 8,157 67,295 129,195
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