Catylist Listing ID: 30786455
Property Subtypes: Office Building
Building Size (RSF): 111,242 SF
Gross Building Area: See Agent
Gross Land Area: 3.04 Acres
Sale Price: See Agent
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 96
Last Updated: 5/12/2022

Overview / Comments

This Class A, multi-tenant office building, is located in the highly desirable North I-25 corridor of Albuquerque, NM. This 5 story, 111,242 sf, trophy property is one of the most recently constructed office buildings in our market and features high quality interior finishes, private outdoor balconies, scenic views and ample onsite parking at a ratio of 4.6/1,000. The building is currently 96% leased to national, regional and local Tenants. This highly accessible location is less than a half mile from I-25 and Paseo Del Norte. This makes for easy travel to Downtown, UNM, the ABQ International Sunport or Santa Fe.

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Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Far Northeast
Tax ID/APN: 101806429108140201
Zoning: NR-BP - Non-residential: Business Park
Property Located Between: Paseo Del Norte and Holly on San Pedro
Property Visibility: Excellent
Highway Access: One half mile from Paseo Del Norte and I-25; 5.75 miles from the Big I (I-25 and I-40)
Airports: ABQ International Sunport
Site Description: This building sits on 3.04 acres of land. There is an additional .63 acre parking lot adjacent to the property for use by Tenants.
Area Description: This is an amenity rich area with restaurants, both fast food and fine dining, galore. Retail shopping in the area includes Target, Kohls, Lowes, Smiths and many more. New construction in the area consists of hotels, multifamily housing, a school, an Urgent Care and a dental office.
Total Number of Buildings: 1
Number of Stories: 5
Typical SF / Floor: 22,248 SF
Year Built: 2008
Roof Type: Flat
Parking Ratio: 4.6 (per 1000 SF)
Parking Type: Structure, Surface
Parking Description: Parking consist of 200 spaces of covered parking, 200 spaces of surface parking attached to the building with an additional 70 spaces in a parking lot adjacent to the property.
Total Parking Spaces: 470
Passenger Elevators: 2
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Geothermal
Heat Source: Other
Air Conditioning: Other
Internet Access: Fiber Optic
Interior Description: Visitor and employees are greeted by a water feature on the 2nd floor of the building which serves as the main entrance. High end finishes through out the common areas and in Tenant spaces consist of granite, ceramic floor tile, LED lighting, an abundance of lighting provided by large windows throughout and private balconies.
Zoning Description: NR-BP
Water Service: Municipal
Sewer Type: Municipal
Legal Description: TR A PLAT OF TRACTS A, B, & C PASEO NUEVO CONT 3.0417 AC +/-

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,253 85,317 217,547
Median Age: 41.39 40.56 41.33
Households: 4,956 37,084 95,347
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