3401-3451 Candelaria Rd NE

Albuquerque, NM 87107 | 3.6 Acres / 43,233 SF | Investment Property For Sale

Call for Offers 1/31/19


Candelaria Business Center | Office/Warehouse/Flex | Value-Add Opportunity

Investment Property For Sale

Price Call for Offers 1/31/19
Size 3.6 Acres / 43,233 SF

Additional Information

Candelaria Business Center
3401-3451 Candelaria Rd. NE
Albuquerque, NM 87107

 

Offering Summary

Purchase Price: Call for Offers January 31, 2019
Net Operating Income As-Is*: $68,252
Net Operating Income Stabilized**: $207,374
Building Size: ±43,233 SF
Land Size: ±3.6 acres

*Current occupancy is 50%

** Assumptions based on 85% occupancy

 

Investment Highlights

  • Office/Warehouse/Flex
  • Call for offers January 31, 2019
  • Value-Add Opportunity
    – 50% occupied business park with a tremendous amount of upside potential through lease-up
    –  ±21,824 SF of available space
    – Sprinklered buildings
    – Separately metered gas and electric
  • Opportunity to purchase an asset well below replacement cost
  • Investment or owner-user potential
  • Historically strong performing asset
  • Institutionally managed asset
    – Well maintained buildings
    Recent large capital expenditure items performed (Over $250,000 within the last four years)
  • Most of the leases feature annual rental increases
  • Staggered lease rollovers
  • Desirable location
    – Located one block west of the intersection of Carlisle Blvd. and Candelaria Rd.
    Convenient interstate access – about one mile east of Interstate 25 and less than one mile north of Interstate 40
  • Excellent visibility
    Visibility and exposure from Candelaria Rd. with over 17,800 cars per day
  • Zoning: NR-C

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Jake Mechenbier

Senior Advisor
505.338.4186

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