Trade Winds Center

Retail-Commercial for Sale
Catylist Listing ID: 30609921
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 19,254 SF
Gross Building Area: See Agent
Gross Land Area: 1.50 Acres
Sale Price: $2,500,000
Unit Price: $129.84 PSF
Ceiling: 14 ft.
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Average Occupancy Rate: 26
Last Updated: 11/21/2020

Overview / Comments

The Trade Winds Shopping Center, recently built in 2017, is located along Route 66 in Albuquerque, NM. Current tenants include Bob's Burgers, Dental House, & Fiesta Auto Insurance. The property was designed for up to five 1,100 SF tenants in each building or any variation between 1,100-5,500 SF. The suites are currently in "cold shell" condition awaiting landlord & tenant work. This shopping center is a value-add investment that would allow an investor to capitalize on an unfinished development without having to take all the risk that is involved in ground up development. The property is priced WELL under replacement cost at $129 PSF.

• Current Average Rents: $20.36 PSF
• Current Occupancy: 26%
• 19,254 SF
• $129 PSF
• MX-M Zoning
• Potential Patio Space Available
• 4.1:1,000 Parking Ratio
• Within 300' of ART
• Ample Power to Each Suite
• "UC-MS-PT Overlay"
• High Traffic & Visibility
• 2016 Construction

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: 101805703715532104
Property Visibility: Excellent
Largest Nearby Street: Central
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Typical SF / Floor: 5,500 SF
Property Condition: Excellent
Year Built: 2016
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,438 126,070 300,250
Median Age: 40.34 36.15 37.27
Households: 9,093 56,155 131,862

Contact

Photograph of Listing Agent

Daniel Kearney

RESOLUT RE CARNM CIE Member
Photograph of Listing Agent

Austin Tidwell

RESOLUT RE CARNM CIE Member
Photograph of Listing Agent

Ramon Casaus

ROC Real Estate Partners
CARNM CIE Member
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