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: | $7,750,000 |
| Unit Price: | $100.49 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Building Name: | Goff Plaza |
| Sale Terms: | Cash to Seller, Owner Financing |
| Last Updated: | 10/22/2020 |
Overview / Comments
|
3 large pylon signs, much larger than allowed in county zoning with electronic full color changeable reader boards on Bridge and Goff Triple frontage (Bridge, Goff, and Tapia Place) with exposure to over 37,000 VPD at the intersection of Bridge Blvd and Goff Blvd. Parking - 266 spaces (4:1,000) Located in one of 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 Extensive video security and surveillance system and on-site 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: 8.03% (based on 2019 actual 's) 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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