Fiber-Optic Hub Investment Sale

Industrial for Sale
Also listed as Office
Catylist Listing ID: 30799041
Property Subtypes: Flex Space, Free-Standing
Building Size (RSF): 40,718 SF
Gross Building Area: See Agent
Sale Price: $6,995,000
Unit Price: $171.79 PSF
Drive In Bays: 5 Bays
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.3%
Average Occupancy Rate: 100
Last Updated: 5/16/2022

Overview / Comments

Colliers is pleased to bring to market 3830 Singer Blvd NE, an active industrial/flex property located in the North I-25 Corridor submarket of Albuquerque, NM. The property features an attractive and modern façade with private exterior suite access for tenants and a total of five grade-level, drive-in doors. The property is excellently positioned in Albuquerque’s primary business and industrial district, which has the city’s highest daytime population density, and is a one minute drive time to I-25. It houses a major fiber hub for the North I-25 Corridor.

• Fiber distribution hub via Unite Private Networks
• Traffic count of 10,400 VPD on Singer Blvd
• Less than 1/2 mile or 1 minute from I-25.
• Easily accessible with two entry points along Singer Blvd and two along Commons Ave.
• 3-mile daytime population density: 120,245.
• Fenced storage yard along the east property edge.
• Excellent property visibility along Singer Blvd.
• Stable property with 100% occupancy and long term tenants in place.

Attachments & Media

Current Tenants

Tenant Business Name Unite Private Networks
Is Renting? Yes
SF of Space Occupied 21,670 SF
Tenant Business Name AdaptHealth
Is Renting? Yes
SF of Space Occupied 5,649 SF
Tenant Business Name Pacific Automation
Is Renting? Yes
SF of Space Occupied 11,472 SF

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Tax ID/APN: 101706106448620502
Zoning: NR-BP - Non-residential: Business Park
Highway Access: I-25
Airports: Sunport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Roof Type: Flat
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,957 101,117 309,878
Median Age: 31.59 38.94 38.77
Households: 1,963 44,541 135,501

Contact

Photograph of Listing Agent

Bill Robertson

Colliers CARNM CIE Member
Photograph of Listing Agent

Tom Franchini, CCIM

Colliers CARNM CIE Member
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