5501 San Diego Ave NE

Albuquerque, NM 87113 | 1.6 Acres / 18,800 SF | Investment Property For Sale

$3,865,470.00


Trane | Single-Tenant Industrial Investment for Sale | Long-Term Lease Extension

Investment Property For Sale

Price $3,865,470.00
Size 1.6 Acres / 18,800 SF

Additional Information

Trane
5501 San Diego Ave NE
Albuquerque, NM 87113

 

Offering Summary

Purchase Price – Trane: $3,688,000
Purchase Price – Solar*: $177,470
Total Purchase Price: $3,865,470
Price per Square Foot**: $196.17
Net Operating Income**: $239,700
Cap Rate**: 6.50%
Lease Type: NNN

*Solar panels owned by Seller; see Offering Memorandum page 5 for solar value projection

**Does not include solar income

 

Investment Highlights

  • Long-term lease extension
    – About 7 years of lease term remaining through September 30, 2025
  • Strong commitment to location from tenant
    – Built to Trane’s specifications as a build-to-suit in 2011
    – Trane has had a long and successful operating history at the property
  • Newer concrete tilt-up construction
  • Building size: ±18,800 SF
    – Office: ±12,200 SF
    – Warehouse: ±6,600 SF
  • Extremely strong, international tenant
    – Wholly owner subsidiary of Ingersoll-Rand
    – HVAC accounts for 64% of Ingersoll-Rand’s total revenue
    – $14.2 billion – total revenue in 2017
  • Close proximity to Interstate 25
  • Neighboring tenants include the recently expanded Presbyterian offices, Honeywell, Sumco USA Corporation, Arizona Tile, Dalitle, The Overhead Door Company, and the newly developed Broadstone Northpoint (226-unit Class A multifamily project)

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Jake Mechenbier

Senior Advisor
505.338.4186

Have A Question?

I have answers! Contact me directly.
  • This field is for validation purposes and should be left unchanged.
memberships logomemberships logomemberships logomemberships logomemberships logomemberships logomemberships logomemberships logomemberships logo