Four Corners Area - Office/Warehouse Energy property

Industrial for Sale
Catylist Listing ID: 30184054
Property Subtypes: Industrial-Business Park
Building Size (RSF): 30,000 SF
Gross Land Area: 6.84 Acres
Sale Price: $1,800,000
Unit Price: $60 PSF
Office SF: 23,000 SF
Property Use Type: Vacant/Owner-User
Building Name: Former BP Office, Warehouse, Yard in Farmington
Usable Size (USF): 30,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/14/2018

Overview / Comments

Former British Petroleum facility in Farmington, New Mexico.
There are four office buildings 4,800+- sf to 7,540+- sf. The buildings have been maintained and updated over the years. The offices are considered above average condition.
There are two warehouse buildings 2,800+- and 4,800+- sf. One building is a machine shop with crane. The other is a compressor shop with three bays for vehicle repair and three exterior wash bays.

The improvements have been constructed between 1980 and 2005.

Frontage along Browning Parkway 320'+-.

Yard storage area, gated ingress/egress.

Additional Details

Nearest MSA: Farmington
County: San Juan
Taxing Authority: San Juan County
Tax ID/APN: 2073171513330
Property Located Between: E. Main and US 64 (Bloomfield Hwy)
Highway Access: SH 516 and US 64
Airports: San Juan Regional
Site Description: Classic energy property with office buildings (4), warehouses (2), yard space. Well located to service the Four Corners trade area. The multiple office buildings create a campus type setting. Could be used for multiple companies.
Area Description: Four Corners trade area. One of the largest natural gas deposits in the United States. Oil exploration is underway at this time. Current technology has made oil a valuable extraction from this area. Farmington is the residential and commercial center for the trade area. The trade area extends for 50 to 75 miles surrounding the City of Farmington.
Tenancy: Multiple Tenants
Total Number of Buildings: 6
Property Condition: Excellent
Parking Type: Surface
Zoning Description: Industrial, City of Farmington
Lot Frontage: 320'
Lot Depth: 640
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,376 36,204 48,790
Median Age: 30.1 33.25 34.02
Households: 517 13,034 17,522


Photograph of Listing Agent

Stephen Lyon, CCIM

Pegasus Group LLC
Photograph of Listing Agent

George Chronis

Pegasus Group LLC CARNM CIE Member
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