Skyview Shopping Center | 8.0 CAP | Tramway & Indian School

Shopping Center for Sale
Catylist Listing ID: 30335537
Property Subtypes: Strip Center
Building Size (RSF): 14,001 SF
Gross Building Area: See Agent
Gross Land Area: 1.45 Acres
Sale Price: $1,464,687
Unit Price: $104.61 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 1/31/2019

Overview / Comments

Marcus & Millichap is pleased to exclusively offer for sale an irreplaceable Northeast Heights landmark property in Albuquerque’s dense and affluent 4 Hills neighborhood. Constructed in 1987, Skyview Shopping Center is situated at the intersection of Tramway & Indian School serving thousands of rooftops with visibility to nearly 36,000 cars per day. This bustling intersection is adjacent to CVS, and across from Walgreen’s, United Artists High Ridge Theater, and Hinkle Family Fun Center, one of Albuquerque’s most frequented attractions. It is also a short six minute drive to Interstate 40, the city’s primary East/West thoroughfare.

This shopping center is 73% occupied with many popular local and national tenants. This property offers investors the opportunity to acquire a high-quality asset containing recognizable and stable tenants with minimal management requirements in a highly desirable location.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Northeast
Tax ID/APN: ABQ213425

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,669 113,930 228,197
Median Age: 41.53 39.36 39.86
Households: 8,281 49,196 101,070

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
Photograph of Listing Agent

Michael W Reneau

Marcus & Millichap CARNM CIE Member
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