100% Leased Multi-Tenant

Office for Sale
Catylist Listing ID: 29751684
Property Subtypes: Business Park, Executive Suites, Office Building
Building Size (RSF): 7,120 SF
Gross Land Area: 0.22 Acres
Sale Price: $725,000
Unit Price: $101.83 PSF
Property Use Type: Investment, Business
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 7.2%
Last Updated: 4/16/2018

Overview / Comments

Office Investment Opportunity

SALE PRICE: $725,000
BUILDING: ±7,120 SF
LOT SIZE: ±.22 Acres (±9,510 SF)
BENEFITS:
• 100% Occupied Office Suites
• Priced well below replacement value
• Solid rental history
• Private outdoor patios
• 5:1,000 parking ratio on site
• Centrally located with easy access to I-25
• Current NOI $61,074
• Part of planned office development with association fee
• Common area conference room
• Zoned O-1

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Taxing Authority: Bernalillo
Tax ID/APN: ABQ73256
Zoning: O-1 - Office and Institution Zone
Construction/Siding: Block
Heat Type: Electricity

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,326 127,168 353,795
Median Age: 33.87 38.28 37.97
Households: 5,848 57,038 152,807
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