Catylist ID: #30266509
Office for Sale
|Catylist Listing ID:||30266509|
|Property Subtypes:||Office Building, General|
|Building Size (RSF):||6,195 SF|
|Gross Land Area:||0.46 Acres|
|Unit Price:||$108.11 PSF|
|Property Use Type:||Vacant/Owner-User|
|Building Name:||2823 Richmond Dr NE|
|Class of Space:||Class B|
|Usable Size (USF):||6,195 SF|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
Overview / Comments
Well built 1987 vintage property in heart of Brewery/Entertainment district. Configuration of building makes it easy for owner occupant who needs entire space, or who wants to occupy portion and rent out balance (two lobbies, two kitchen areas, etc.).
Currently owner occupied until Q3-2018. Well maintained, new roof and many updates.
Located just south of Corporate Blake's (Lotaburger) campus, west of WalMart, North of Menaul and surrounded by restaurants, brew pubs, retail and entertainment centers like Main Event.
Disclosure: Owner of building is listing brokers landlord.
Amazing virtual tour of space at www.nmapartment.com/richmond3d
8.03% Cap rate,10.0% cash on cash, and 13.30 % before tax IRR, based on $15.20sf FS (CARNM Comps - see flyer) - space contains 24 offices, three conference rooms, two lobby areas, two kitchen areas and three server/phone rooms.
Attachments & Media
|Zoning:||C-3 - Heavy Commercial Zone|
|Property Located Between:||Menaul and Candelaria|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Typical SF / Floor:||6,195 SF|
|Parking Ratio:||5.1 (per 1000 SF)|
|Total Parking Spaces:||32|
|Heat Type:||Natural Gas|
|Air Conditioning:||Package Unit|
|Zoning Description:||Zoning moving from C-3 today to NR-C under new IDO effective 5/17/2018|
|Legal Description:||Lt 4-B-1-B Land Div Plat Lts 4-B-1-A & 4-B-1-B Blk B Duke City Industrial Area|
|Proximity:||1 mile||3 miles||5 miles|
Todd ClarkeNM Apartment Advisors, Inc. CARNM CIE Member
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