Owner-User/Investment Office Warehouse

Industrial for Sale
Catylist Listing ID: 30633994
Property Subtypes: Free-Standing, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 8,050 SF
Gross Building Area: See Agent
Sale Price: $650,000
Unit Price: $80.75 PSF
Ceiling: 18 ft. / 12 ft. Clear
Office SF: 2,850 SF
Drive In Bays: 6 Bays
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/22/2020

Overview / Comments

Property Size: +/- 8,050 SF
Land Size: +/- 0.42 Acres

Office 1st Floor: +/- 1,425 SF
Office 2nd Floor: +/- 1,425 SF
Warehouse 1: +/- 2,800 SF
Warehouse 2: +/- 1,650 SF
Warehouse 3: +/- 750 SF

Excellent hard to find office warehouse property. This property lies within a opportunity zone. Located in the heart of Albuquerque this building makes for a great investment or owner-user opportunity. The south facing warehouse is currently being leased out with two tenants; one month to month tenant that has been there for 2 years paying $545/mo (plus utilities) and the other tenant who just signed a 3 year lease paying $2,298/mo (plus utilities). The 3 year tenants lease is written up in such a way that either tenant, or landlord can give 60 day notice to vacate incase an owner user purchaser wants to come in and take up the whole building. Together the space the two tenants occupy is 2,500 SF. This leaves 5,550 SF left for an owner-user to come in and occupy the remainder of the property while cash-flowing it at the same time. This property is also part of a two property portfolio that can be bundled with a .25 acre vacant land parcel across the street at 3741 Arno that could be used as yard space or additional parking.

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Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North Valley
Tax ID/APN: 101506009709831018
Property Located Between: Candelaria and Edith
Highway Access: I-25 and I-40
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Parking Type: Surface
Zoning Description: C-1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,813 95,829 327,557
Median Age: 36.29 37.7 36.47
Households: 3,154 43,065 137,979


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