Perfect 1031 - Premier Location

Office for Sale
Catylist Listing ID: 30779866
Property Subtypes: Medical, Office Building
Building Size (RSF): 2,750 SF
Gross Land Area: 0.30 Acres
Sale Price: $525,000
Unit Price: $190.91 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.06%
Average Occupancy Rate: 100
Last Updated: 1/14/2022

Overview / Comments

Site Location: One block south of Montgomery on Wyoming Blvd. 36,500 VPD New La Mirada Shopping Center and 80 lot subdivision taking place. Just opened Dunkin Donut drive-up across street at Wyoming Blvd intersection.

Site Description: RE: 3800 Wyoming NE
The tenants have been in place since the 1990’s. Alexander Chiropractic (long time chiropractor) and Enchantment Dental Labs. 100% occupied with NNN leases. The building is 2750 SF each occupy one- half of the building. Within the last few years each suites’ HVAC has been replaced and is under warranty and maintenance contract, roof has been replaced with TPO type weather bond material and is under warranty with maintenance contract. Other completed updates include wall reconstruction and painting, parking lot surface repair, coating and striping. Security screens for the front glass. Hose bib replacements among other things. The property provides a perfect 1031 investor purchase.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Far Northeast
Taxing Authority: Bernalillo County
Tax ID/APN: 102006001239821415
Property Located Between: One block south of Montgomery
Property Visibility: Excellent
Area Description: Nearby area users: Dunkin Donuts, Target, McDonalds,Speedway Wells Fargo, US Bank,Walgreens, Taco Cabana,Michaels, Golf Mart, Eye World and more
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,750 SF
Roof Type: Flat
Construction/Siding: Stucco
Parking Ratio: 6.2 (per 1000 SF)
Parking Type: Surface
Parking Description: Ample parking with easy full access
Total Parking Spaces: 18
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: City of Albuquerque IDO Zoning MX-T Mixed Use
Lot Frontage: 130
Lot Depth: 104
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee
Legal Description: Lot 1 Wilson Addition

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,988 171,532 324,635
Median Age: 40.87 41.14 38.98
Households: 7,046 77,485 143,164


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