Professional Office Condominium- Building 4 Suite 401A & B

Office for Sale
Sale Pending
Catylist Listing ID: 30708573
Property Subtypes: Office Building
Status: Pending
Condo? Yes
Building Size (RSF): 1,941 SF
Gross Building Area: 5,040 SF
Sale Price: $305,000
Property Use Type: Investment, Vacant/Owner-User
Building Name: Ladera Del Oeste Business Park
Class of Space: Class A
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/8/2021

Overview / Comments

Professional office condominium for sale in the desirable Ladera Del Oeste Business Park. The subject property is comprised of a separate single-story office condominium unit on the southern 1/3 portion of building 4. Suite 401A & B are 1,941 +/- square feet of gross building area. Each suite is individually metered, with separate entrances, refrigerated air (2 units), 2 separate water heaters, a security system, and all appliances convey. Condos come with a new 115 Mil TPO roof installed in 2019. Perfect location with easy access to I-40 and all parts of Albuquerque. The buildout of condo units was completed in 2014 with an open floor concept, storage areas, separate bathrooms, and plenty of windows that bring in natural light and Sandia mountain views from Suite 401B. Great investment opportunity to operate your business or rent out all or a portion of the building.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: West Mesa
Tax ID/APN: 100905949527641601
Is Condo?: Yes
Zoning: NR-C - Non-residential: Commercial
Property Located Between: Unser and Vista Oriente
Property Visibility: Excellent
Highway Access: 1 Mile from I-40/Unser Interchange
Airports: 17 Minutes/13.3 Miles to Albuquerque Sunport
Site Description: Ladera Del Oeste Business Park sits on 3.243 +/- acres with open parking and landscaping in all common areas.
Area Description: The subject is in Albuquerque, New Mexico’s largest city. The population of the Albuquerque Metropolitan Area was estimated at 907,301 as of July 2015 by the U.S. Bureau of Economic Analysis. The West Mesa Submarket is one of the few growing submarkets in the Albuquerque Metropolitan area. Since 2000 population growth has increased by nearly 36 percent. New projects include a new 330-unit single-family housing community, a Federal Express Distribution center, a Kenworth Truck showroom with a service shop, and in-fill development of retail sites. The subject property is minutes away from the Amazon distribution center and close to restaurants, fast food, and access to I-40.
Total Number of Buildings: 5
Number of Stories: 1
Year Built: 2009
Year Renovated: 2014
Construction/Siding: Steel Frame, Stucco
Exterior Description: 5 Buildings have exterior steel frames with stucco finishes with both pitched steel panel roofs and 115 Mil TPO roofs.
Parking Type: Surface
Parking Description: Parking Spots: +/- 131 Per 1,000: 6.24
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: NR-C (Non-Residential, Commercial Zone)
Water Service: Municipal
Sewer Type: Municipal
Legal Description: UNIT 1 BUILDING 4 OF LADERA DEL OESTE BUSINESS PARK CONDOMINIUM TOGETHER WITH AN EQUAL UNDIVIDED INTEREST IN THE COMMON ELEMENTS

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,660 85,390 199,444
Median Age: 31.52 33.44 34.05
Households: 6,483 31,473 72,620

Contact

Photograph of Listing Agent

Desiree Barton

Property Partners, Inc. CARNM CIE Member
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