Investment Property - Long Term Tenant

Office for Sale
Catylist Listing ID: 30164417
Property Subtypes: Office Building, General
Building Size (RSF): 3,900 SF
Gross Building Area: See Agent
Gross Land Area: 0.38 Acres
Sale Price: $300,000
Unit Price: $76.92 PSF
Property Use Type: Investment
Building Name: 120 Jefferson St NE
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 7.27%
Average Occupancy Rate: 100
Last Updated: 3/12/2018

Overview / Comments

This property is located on Jefferson St, right off of Central Ave in the Nob Hill area. Central Ave, Old Route 66, is one of the busiest streets in the heart of Albuquerque, NM. Jefferson serves a residential population to the north and the day-time population of local businesses.

This property had HVAC and Plumbing done within the last 2 years. Large parking lot sits south of building. Property has a CCR-3 zoning.

Long term tenant, occupying site since June 1997.

Current Tenants

Tenant Business Name Twin City Optical
Lease Expiration 7/0031

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: University
Tax ID/APN: ABQ148694
Property Located Between: Copper and Central
Property Visibility: Excellent
Number of Stories: 1
Zoning Description: CCR-3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,519 128,262 296,434
Median Age: 41.45 35.63 37.28
Households: 9,473 57,015 130,125


Photograph of Listing Agent

Consuelo (Conni) Horne

Absolute Investment Realty CARNM CIE Member
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