For SALE Office Warehouse

Industrial for Sale
Sale Pending
Catylist Listing ID: 29983672
Property Subtypes: Flex Space, Light Industrial, Office Showroom
Status: Pending
Building Size (RSF): 6,757 SF
Gross Land Area: 0.56 Acres
Sale Price: $770,000
Unit Price: $113.96 PSF
Ceiling: 24 ft. / 21 ft. Clear
Docks/Doors: 5 Doors
Office SF: 600 SF
Drive In Bays: 5 Bays
Property Use Type: Investment, Business
Usable Size (USF): 6,757 SF
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Average Occupancy Rate: 95
Last Updated: 11/17/2017

Overview / Comments

This well built building is only 9 years young and in excellent condition. Built with a steel metal frame, synthetic stucco exterior,and Low-E double pane fixed glass with metal frames for good energy efficiency and maintenance.

Each unit has a 12x'14' insulated roll-up door and skylights.
Until recently it has been 100% occupied with each unit renting for $1,400 a month. This is a really beautiful building that can make an excellent investment or currently an owner user since there are a few month to month tenants
Very close to Intel for suppliers.

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Tax ID/APN: 1014068040134
Zoning: C-1 RIO RANCHO
Property Located Between: Just Off Peggy Rd east of 528
Highway Access: Easy access to 528
Site Description: The shape is rectangular in shape and level paved and landscaped.
Area Description: Close to Intel with many other office warehouse buildings in the area as well as small office buildings. This is one of the business centers of Rio Rancho.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,400 SF
Property Condition: Excellent
Year Built: 2007
Roof Type: Other
Construction/Siding: Steel Frame, Stucco
Exterior Description: Well built 5 unit office warehouse units with Stucco exterior and good exterior lighting.
Parking Type: Surface
Parking Description: Off street surface
Total Parking Spaces: 20
Overhead Cranes: Undisclosed
Sprinklers: None
X-Phase: 3
Heat Type: Natural Gas, Suspended Radiant Heaters
Heat Source: Central, Wall Units
Air Conditioning: Evaporative Cooler, Package Unit
Lighting: Fluorescent, Halogen
Interior Description: The interior is 5 units of approximately 1,400 sf each. They vary as to how much office space is in each unit. Being contractor owned, it has very nice finishes and has been well maintained inside.
Zoning Description: C-1 Zoning is much like I-P, M-1 and C 3 zoning in Albuquerque. Office buildings and light industrial are allowed here.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: fee simple
Legal Description: Corrales South Subdivision, Block F, Lot 30A, Rio Rancho, Sandoval County, New Mexico.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,598 76,080 151,747
Median Age: 47.81 39.93 38.07
Households: 5,527 29,858 58,521


Photograph of Listing Agent

Richard Hanna

Hanna Commercial, LLC CARNM CIE Member
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