Paseo Nuevo
Office
for Sale
| 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.
|
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 +/- |
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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