Office Flex Building for Sale

Office for Sale
Catylist Listing ID: 30795276
Property Subtypes: Flex Space, Office Building
Building Size (RSF): 94,243 SF
Gross Building Area: See Agent
Gross Land Area: 11.33 Acres
Sale Price: $12,722,805
Unit Price: $135 PSF
Ceiling: 28 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Lowes Customer Contact Center
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/12/2022

Overview / Comments

The property consists of 94,243 rentable square feet of office space situated on 11.33 acres This unique asset fronts Jefferson Street, a primary north/south arterial, and is less than a mile from Interstate 25, providing the property with easy access and high visibility. Boasting the lowest vacancy for office product in Albuquerque, the North I-25 corridor is the premiere office destination in the State of New Mexico. The project is in the geographic and demographic center of the Albuquerque Metro, providing the perfect location for the construction of various new healthcare facilities and the repurposing of existing spaces for medical uses.

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Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Taxing Authority: Bernalillo County
Tax ID/APN: 101706228128020142
Zoning: NR-BP - Non-residential: Business Park
Site Description: These two single story buildings are situated on 11+ acres of fenced property with an impressive parking ratio of 9.8/1,000. The buildout includes multiply conference rooms, training rooms, full kitchen with lunch room, two locker rooms with showers and fully equipped health center.
Area Description: Located in the highly desirable North I-25 corridor with easy access to Paseo Del Norte and Interstate 25. Only minutes from I-40, Downtown and the Albuquerque Sunport. The area is amenity rich with a significant number of restaurants, hotels and retailers.
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1997
Year Renovated: 2012
Roof Type: Other
Construction/Siding: Steel Frame
Parking Ratio: 9.8 (per 1000 SF)
Parking Type: Surface
Parking Description: Surface parking spaces in the secure parking lots that surrounds the buildings. Ratio is 9.8/1,000 sf.
Total Parking Spaces: 596
Sprinklers: Wet
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Interior Description: Security guard station at each of the main entrances, offices and conference rooms along the perimter of the building with training rooms, restrooms and open office space making up the balance of the space. Full kitchen, dinning room and small cafe also exists within the premises. Flooring is a combination of carpet, VCT, ceramic tile. Ceiling is suspended ACT with heights varying from 9.5 to 14 feet.
Zoning Description: NR-BP (Non Residential - Business Park)
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 6301 Jefferson Street NE: TR C-3-C REPL FOR TRS B-1, C-3-A, C-3-B, C-3-C, C-3-D, C-3-E, C-3-F & C-3-G GOUP NINE INDUSTRIAL PARK CONT 7.5992 AC +/- 6401 Jefferson Street NE: TR C-3-B REPL FOR TRS B-1, C-3-A, C-3-B, C-3-C, C-3-D, C-3-E, C-3-F & C-3-G GROUP NINE INDUSTRIAL PARK CONT 2.1614 AC +/- 6501 Jefferson Street NE: TR C-3-A-2 OF TRS C-3-A-1 & C-3-A-2 GROUP NINE INDUSTRIAL PARK (BEING A REPL OF TR C-3-A GROUP NINE INDUSTRIAL PARK) CONT 1.5360 AC M/L OR 66,908 SF M/L

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,453 106,828 286,537
Median Age: 34.49 38.94 39.73
Households: 6,401 46,324 125,463
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