San Jose Plaza | 100% Occupied Retail Center

Shopping Center for Sale
Catylist Listing ID: 30712911
Property Subtypes: Fashion/Specialty, Neighborhood Center, Strip Center
Building Size (RSF): 6,020 SF
Gross Building Area: See Agent
Gross Land Area: 0.48 Acres
Sale Price: $689,000
Unit Price: $114.45 PSF
Property Use Type: Investment
Building Name: San Jose Plaza
Sale Terms: Cash to Seller
Cap Rate: 7.32%
Last Updated: 11/22/2021

Overview / Comments

• 100% Occupied Retail Strip Center
• Stabilized asset with recently extended leases
- Long tenured tenants
- Cricket, Metro by T-Mobile, and the laundromat have each recently signed five-year extensions
• Building Size: ± 6,020 SF
• Land Size: ± 0.48 acres
• Low, replaceable lease rates with annual rent increases
- Tenants reimburse Landlord for utility charges
• Well maintained property with recent large capital expenditures exceeding $100,000
- New roof (2018)
- Building paint (2018)
- Parking lot overlay (2018)
• Diverse mix of tenants
• Underserved and growing trade area
• Strategically located near the major intersection of Avenida Cesar Chavez & Broadway Blvd with over 54,000 Cars Per Day

Financials

Finance Data Year 2021
Net Operating Income $50,443 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: South Valley
Tax ID/APN: 101405633532011009

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,783 95,014 270,367
Median Age: 31.75 34.32 34.75
Households: 5,831 39,529 109,623
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