Skyview Shopping Center | 8.0 CAP | Tramway & Indian School

Shopping Center for Sale
Catylist Listing ID: 30335537
Property Subtypes: Strip Center
Building Size (RSF): 22,623 SF
Gross Building Area: See Agent
Gross Land Area: 2.32 Acres
Sale Price: $1,895,500
Unit Price: $83.79 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 10/12/2018

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 83% 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

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,669 110,697 231,182
Median Age: 41.53 39.96 39.99
Households: 8,281 48,417 102,332

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
Photograph of Listing Agent

Michael W Reneau

Marcus & Millichap CARNM CIE Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.