5635-5659 Jefferson St NE, 4221 Balloon Park Rd NE, 3840 Commons Ave NE

Albuquerque, NM 87109 | 115,356 SF | Investment Property For Sale

$9,994,004.00


CALL FOR OFFERS NOV 1, 2018 | Business Center Portfolio | Office, Warehouse, Flex | Properties Available Separately

Investment Property For Sale

Price $9,994,004.00
Size 115,356 SF

Additional Information

Business Center Portfolio
Office, Warehouse, Flex
1) Vista West Business Center
2) Weston Solutions
3) TRC Environmental
Properties available separately
CALL FOR OFFERS NOV 1, 2018

 

Offering Summary

Purchase Price: $9,994,004
Price Per Square Foot: $86.64
Net Operating Income: $799,520
Cap Rate: 8.00%

 

Investment Highlights

  • Business Center Portfolio (Office/Warehouse/Flex)
    – Portfolio: ±115,356 SF
    – Vista West Business Center: ±94,506 SF (93% occupied)
    – TRC Environmental: ±12,800 SF (Single-Tenant)
    – Weston Solutions: ±8,050 SF (Single-Tenant)
    – Properties available separately
  • High-yielding investment – 8% cap rate based on current, in-place income
  • Priced below replacement cost – $86.64/SF
  • Premier locations
    – Located in the coveted North I-25 Corridor
    – Convenient access to Interstate 25
    – Extremely high barriers to entry
  • Strong mix of national, regional, and local tenants
    – Many tenants have long tenures at the properties
  • Staggered lease rollovers
  • Institutionally managed asset
    – Well-maintained buildings
    – Recent capital improvements
  • 87,000+ population within a 3-mile radius of site
  • $64,000+ average household income in a 3-mile radius

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Jake Mechenbier

Senior Advisor
505.338.4186

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