Boy Scouts - Absolute NNN Sale Leaseback Opportunity

Office for Sale
Catylist Listing ID: 30298604
Property Subtypes: Net Leased, Office Building
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.02 Acres
Sale Price: $1,477,000
Unit Price: $184.63 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Boy Scouts of America
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Average Occupancy Rate: 100
Last Updated: 8/20/2018

Overview / Comments

Absolute Investment Realty has been selected as the exclusive representative of the owner of this rare opportunity to own a 10-year sale leaseback with the Great Southwest Council Boy Scouts of America which was founded in 1924 to serve New Mexico, Southern Colorado, South East Utah, and North East Arizona. The property is located at 5841 Office Blvd. NE, Albuqueqrue, NM 87109. The Boy Scouts commissioned this purpose built building in 1985 to serve as their regional headquarters. The property currently serves as their main office and scouting supply retail outlet.
The property is located in the North I-25 Corridor of Albuquerque, which is one of the most desirable office/industrial trade areas in the state of NM. The well maintained +/- 8,000 SF building is configured with approximately 5,000 SF of office space and approximately 3,000 SF of retail space which is leased to Boy Scouts of America as a scouting supply retail outlet. The 1.02 acres property has ample parking and excess land for future expansion.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Tax ID/APN: ABQ46065
Property Visibility: Excellent
Area Description: The property is located at the intersection of frequently traveled Eubank Blvd. and Constitution Ave., Eubank carrying a whopping 34,800 trafficking daily and Constitution averaging around 6,000 vehicles per day. Not only is the area well trafficked, it is conveniently located nearby I-25 which is a major hub for traffic in the Albuquerque area. Lomas and Indian School roads sandwich the property as well, both providing easy access to the rest of the metropolitan region. Various middle schools and parks surround this region which is populated by families and children. The property is conveniently nestled in the center of a dense retail and restaurant area.
Total Number of Buildings: 1
Number of Stories: 1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,957 98,729 299,807
Median Age: 31.59 39.05 38.91
Households: 1,963 43,345 131,595

Contact

Photograph of Listing Agent

Alfredo Barrenechea

Absolute Investment Realty CARNM CIE Member
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