NorthPointe Office Plaza

Office for Sale
Catylist Listing ID: 30007777
Property Subtypes: Office Building, General
Building Size (RSF): 77,974 SF
Gross Building Area: 80,000 SF
Gross Land Area: 3 Acres
Sale Price: $6,500,000
Unit Price: $83.36 PSF
Ceiling: 8 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: NorthPointe
Class of Space: Class B
Core Factor: 0.15%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2017

Overview / Comments

2016 NOI of $588,282 represents 8.59% cap at $6.5M.

4th floor Master Lease presents opportunity for Owner User to occupy the 4th Floor at no cost or give investor 5 years to lease up.

Adjacent to I-25 access at San Mateo interchange. Across from Northside Presbyterian & Eye Associates Great location for medical and professional offices. 259 parking spaces with 45 covered for 3.32 / 1,000

Recent $2 million capital improvements and finishes. Million dollar upgrade to HVAC system and exterior finishes. Floor Lobbies and Common Areas Renovated. Recently installed 300 PV panels.

High speed internet access available

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Far Northeast
Tax ID/APN: 101806204324530336
Property Visibility: Good
Site Description: Great North I-25 Location & Access. Just South of Northside Presbyterian Hospital & Eye Associates, and just east of Nativo Lodge.
Number of Stories: 4
Roof Type: Flat
Construction/Siding: Other
Exterior Description: Stucco
Parking Ratio: 3.3 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 259
Sprinklers: Wet

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,241 115,120 295,136
Median Age: 36.69 39.66 39.72
Households: 6,413 49,873 129,793


Photograph of Listing Agent

Barbara Haase

Cauwels & Stuve Realty & Dev.
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