Catylist ID:
#30712911
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: | 4/14/2021 |
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 |
Attachments & Media
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 |
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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