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 |
| Sale Price: | $7,250,000 |
| Unit Price: | $94.01 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Building Name: | Goff Plaza |
| Sale Terms: | Cash to Seller, Owner Financing |
| Last Updated: | 6/20/2019 |
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
Additional Details
| Nearest MSA: | Albuquerque |
| County: | Bernalillo |
| Submarket/Township: | South Valley |
| Tax ID/APN: | 101205629322141305 |
| Zoning: | NR-C - Non-residential: Commercial |
| Largest Nearby Street: | Bridge Blvd |
| Total Number of Buildings: | 2 |
| Number of Stories: | 1 |
| Property Condition: | Good |
| Year Renovated: | 2006 |
| Roof Type: | Flat |
| Construction/Siding: | Concrete |
| Parking Type: | Surface |
| Sprinklers: | Wet |
| Heat Type: | Natural Gas |
| Air Conditioning: | Evaporative Cooler, Package Unit |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 14,165 | 115,470 | 237,864 |
| Median Age: | 35.05 | 32.14 | 32.87 |
| Households: | 4,972 | 41,511 | 89,063 |
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