Great Financing!

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30348500
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 62,000 SF
Gross Land Area: 2.61 Acres
Sale Price: $3,800,000
Unit Price: $61.29 PSF
Ceiling: 17 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: Baillio's
Usable Size (USF): 62,000 SF
Sale Terms: Cash to Seller
Cap Rate: 7.09%
Average Occupancy Rate: 100
Last Updated: 8/14/2019

Overview / Comments

Here is a retail investment property located on the very desirable Menaul retail corridor with great visibility, good traffic counts, good access, good access to I-40, and great signage.

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Northeast
Submarket Type: Central Business District
Taxing Authority: Bernalillo County
Tax ID/APN: ABQ64195
Zoning: MX-M - Mixed-use: Moderate Intensity
Retail Clientele: Business
Property Located Between: Menaul & San Mateo
Property Visibility: Excellent
Largest Nearby Street: Madeira
Feet of Frontage: 280
Traffic/Vehicle Count: 31,300
Highway Access: Menaul & San Mateo, with easy access to I-40
Airports: Albuquerque Sunport
Site Description: Mostly level site with paved onsite parking
Area Description: Highly sought after retail corridor located close to major shopping malls, and established residential neighborhoods.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 4
Property Condition: Average
Year Renovated: 1982
Roof Type: Flat
Construction/Siding: Concrete - Tilt up
Exterior Description: Pained concrete
Total Parking Spaces: 99
Parking Ratio: 1.6 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved onsite parking
Passenger Elevators: 1
Sprinklers: Dry
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: The tower is used for product storage, and is in a warehouse type finish. The showroom is finished with typical carpet, lighting, and product display.
Zoning Description: MX-M
Lot Frontage: 280
Lot Depth: 300'
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Land Ownership: Fee Simple
Legal Description: Tract A - 2 - A, and possibly Tract A- 1 - A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,418 152,719 356,196
Median Age: 39.79 37.01 38.15
Households: 8,499 68,691 156,159

Contact

Photograph of Listing Agent

Michael J. Contreras, CCIM

Sentinel Real Estate & Inv. CARNM CIE Member
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