Catylist ID:
#30609921
| 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: | 9/15/2020 |
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 |
Attachments & Media
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 |
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
Ramon CasausROC Real Estate PartnersCARNM CIE Member |
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