3525 Montgomery Blvd. NE

Albuquerque, NM 87107 | 5,500 SF | Investment Property For Sale

$2,950,000.00


Car Wash Properties | A Value Add Portfolio of Five Properties

Investment Property For Sale

Price $2,950,000.00
Size 5,500 SF

Additional Information

3525 Montgomery Blvd. NE is Part of a Value Add Portfolio of Properties (See Attached Offering Memorandum) 

5 total locations – located throughout Albuquerque Metro
5 sites totaling 4.08 Acres
4 self serve with in bay auto and 1 tunnel location
Touchless and Friction In-Bay-Automatic Jim Coleman Water Wizard 2.0
Wash Connect integrated performance management system
All bays and in Bay Automatic accept loyalty cards as part of property portfolio
Super Vac combo with fragrance/carpet cleaner
Vend islands with master controller and vend islands with master controller
3 locations with emissions Bay with Worldwide auto emissions testing compliant with Bernalillo County Clean Air Program
All Jim Coleman Hanna equipment throughout
Offering at 22% CAP on Proforma
NOI of $652,137

Other Site Locations included in Portfolio (See Offering Memorandum for more information):

  1.  237 Highway 528 | Rio Rancho, NM  87124
  2. 9210 Eagle Ranch Rd. NW | Albuquerque, NM  87114
  3. 12711 Candelaria Rd. NE | Albuquerque, NM  87112
  4. 9935 Lomas Blvd. NE | Albuquerque, NM  87112

 

Offering Summary:

Cap Rate:  22%

NOI:  $652,137 (ProForma Based)

 

Location

Keith Meyer, CCIM, SIOR

Director
505-878-0001

Jim Wible, CCIM

Director
505-878-0001

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