Rio Rancho Neighborhood Retail Center for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30380975
Property Subtypes: Street Retail
Building Size (RSF): 13,957 SF
Gross Land Area: 0.71 Acres
Sale Price: $1,300,000
Unit Price: $93.14 PSF
Property Use Type: Investment
Building Name: Panorama Center
Sale Terms: Cash to Seller
Cap Rate: 7.09%
Average Occupancy Rate: 90
Last Updated: 2/15/2019

Overview / Comments

PROPERTY OVERVIEW

L Shaped Neighborhood Strip Center on Sara Road West of 528 with tenants
with long history at this center. Surrounded by rooftops in Rio Rancho.

PROPERTY HIGHLIGHTS
• Surrounded by rooftops
• Next door to on of the city's busiest churches

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Retail Clientele: General, Business
Largest Nearby Street: Highway 528
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,896 76,275 155,786
Median Age: 45.27 39.55 37.93
Households: 2,927 29,763 59,962
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