100% Occupied Multi-Tenant Investment

Industrial for Sale
Catylist Listing ID: 30774923
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Net Leased, Office Showroom, Warehouse/Distribution
Building Size (RSF): 12,083 SF
Gross Building Area: See Agent
Gross Land Area: 1.34 Acres
Sale Price: $1,435,000
Unit Price: $118.76 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Average Occupancy Rate: 100
Last Updated: 11/17/2021

Overview / Comments

100% occupied office/industrial building with a wait list for new tenants. Rents are below market with staggered leases and rental increases. 8 suites with 7 different tenants and excellent property management in place.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Tax ID/APN: 101706203819630306
Zoning: NR-BP - Non-residential: Business Park
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Roof Type: Flat
Parking Type: Surface
X-Phase: 3-phase power to each unit

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,908 99,065 284,394
Median Age: 33.59 38.92 39.23
Households: 4,076 43,156 124,492


Photograph of Listing Agent

Mark Thompson

C&S Real Estate and Development LLC
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