4 Woodward Center | Absolute NNN Ground Lease

Office for Sale
Catylist Listing ID: 30663223
Property Subtypes: Medical, Net Leased, Office Building
Building Size (RSF): 6,377 SF
Gross Building Area: See Agent
Gross Land Area: 0.78 Acres
Sale Price: $824,000
Unit Price: $129.21 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: 4 Woodward Center
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 5.25%
Last Updated: 11/30/2020

Overview / Comments

Single-Tenant Absolute NNN Ground Lease
Low Price-Point
Long-Term Lease
- Approximately 20 years of remaining term
Annual rent adjustments
Building Size: ┬▒6,377 SF
Land Size: ┬▒0.7785 Acres
Absolute NNN Ground Lease
- Tenant is paying rent but not currently occupying Property
- Passive investment
- No landlord responsibilities
Premier location
- Visibility and access from Lomas Blvd NE via Interstate 25 Exit
- Irreplaceable real estate
- Located at Interstate 25 Exit
- Convenient to all of Albuquerque at intersection of Interstate 40 & Interstate 25
Significant traffic counts
- Lomas Blvd.: Over 28,000 vehicles per day
- Interstate 25: Over 146,000 vehicles per day

Attachments & Media

Financials

Finance Data Year 2020
Net Operating Income $43,258 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Downtown
Tax ID/APN: 101505810909630805

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,713 112,121 302,174
Median Age: 30.04 35.89 35.73
Households: 5,383 49,511 125,419

Contact

Photograph of Listing Agent

Cole Flanagan

NAI Maestas & Ward CARNM CIE Member
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