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.

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

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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


Photograph of Listing Agent

Brandon Saylor

Base 5 Retail Partners CARNM CIE Member
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