NNN Industrial Investment 6+Cap

Industrial for Sale
Catylist Listing ID: 30556643
Property Subtypes: Net Leased
Building Size (RSF): 15,906 SF
Gross Land Area: 1.04 Acres
Sale Price: $1,700,000
Unit Price: $106.88 PSF
Docks/Doors: 2 Docks, 5 Doors
Office SF: 2,183 SF
Drive In Bays: 3 Bays
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Citelum USA
Usable Size (USF): 15,906 SF
Sale Terms: Cash to Seller
Cap Rate: 6.46%
Average Occupancy Rate: 100
Last Updated: 1/11/2020

Overview / Comments

NNN with Corporate Guaranty
Industrial user with a 15-year contract for services with City of Albuquerque
Current lease expires Oct 2027 with 5-year options
Opportunity Zone

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Tax ID/APN: 101606022833720249
Zoning: NR-LM - Non-residential: Light Manufacturing
Area Description: Growing industrial, light retail and entertainment demographic. Designated Opportunity Zone. Area tenants include Federal Bureau of Investigation Regional Headquarters Major Area Tenants include UPS, Main Event, Nunsenda Federal Credit Union
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 13,723 SF
Property Condition: Average
Sprinklers: None
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,190 122,281 341,025
Median Age: 32.13 38.37 37.98
Households: 3,358 54,778 146,196

Contact

Photograph of Listing Agent

Tim Lopez

The Maez Group CARNM CIE Member
Photograph of Listing Agent

Joseph E Maez II

The Maez Group CARNM CIE Member
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