Showroom/Warehouse/Retail

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30369377
Property Subtypes: Light Industrial, Warehouse/Distribution, Other
Status: Pending/Contingent
Building Size (RSF): 48,385 SF
Gross Building Area: See Agent
Gross Land Area: 2.98 Acres
Sale Price: $2,850,000
Unit Price: $58.90 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/21/2021

Overview / Comments

Ideal user would be a company that can utilize one or both buildings. This property is suited for the movie industry, manufacturing/distribution or the medical cannabis industry
On-site well and septic/sewer
Multiple drop-down gas fire space heaters and rooftop mounted evaporative cooling units
2017 MAI appraisal of property
Both buildings have a fire alarm system with isolated zones and fire suppression walls
Currently single phase 220 volt with the ability to upgrade to 3 phase power
AT&T cell tower lease on property with $14,400 of annual income

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Tax ID/APN: R183915
Zoning: C - NEIGHBORHOOD COMMERCIAL ZONE (VILLAGE OF CORRALES)
Total Number of Buildings: 2
Roof Type: Other
Construction/Siding: Steel Frame
Exterior Description: Steel frame, metal skin and glass
Parking Type: Surface
Heat Type: Natural Gas, Space Heaters
Air Conditioning: Evaporative Cooler, Other
Lighting: Fluorescent, Incandescent, Other
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,341 25,285 111,436
Median Age: 49.42 45.51 39.88
Households: 960 10,274 42,935

Contact

Photograph of Listing Agent

Brandon Saylor

Base 5 Retail Partners CARNM CIE Member
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