Catylist ID: #30445930
Goff Plaza Shopping Center for Sale
Shopping Center for Sale
|Catylist Listing ID:||30445930|
|Property Subtypes:||Grocery-Anchored, Neighborhood Center, Strip Center|
|Building Size (RSF):||77,123 SF|
|Gross Land Area:||7.62 Acres|
|Unit Price:||$94.01 PSF|
|Property Use Type:||Net Leased Investment (NNN), Investment|
|Building Name:||Goff Plaza|
|Sale Terms:||Cash to Seller, Owner Financing|
Overview / Comments
> 100% Leased
>3 large pylon signs, much larger than allowed in county zoning
> Triple frontage (Bridge, Goff, and Tapia Place)
> 33,200 vehicles per day at the intersection of Bridge Blvd and Goff Blvd.
> Parking - 266 spaces (4:1,000)
> Located in Abq’s most underserved trade area
> Albuquerque has only 8 river crossings: Bridge Blvd. has direct on/off access from i-25, one of the busiest river crossings in the city.
> Electronic full color changeable reader boards on Bridge and Goff
> Extensive video security and surveillance system
>Onsite property manager and domicile facility
>Surplus land for future development
>Extensive $2 million dollar plus renovations in the last eight years
>2.5% commission to buyers’ broker
>Seller will consider 1031 Exchange with Indemnification of Seller and Seller’s Broker. Seller will consider Commercial Real Estate Trades – Warehouse- Flex Space-Retail- Service. Seller will consider an REC.
>Cap Rate- 9.48% (based on 2019 projections)
> Excellent Rental History. Blended average rents of $8.91/SF. Significant upside in rents.
> Many scheduled increases upon renewal.
Attachments & Media
|Zoning:||NR-C - Non-residential: Commercial|
|Largest Nearby Street:||Bridge Blvd|
|Total Number of Buildings:||2|
|Number of Stories:||1|
|Heat Type:||Natural Gas|
|Air Conditioning:||Evaporative Cooler, Package Unit|
|Proximity:||1 mile||3 miles||5 miles|
Brandon SaylorBase 5 Retail Partners CARNM CIE Member
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