4221 Balloon Park Rd NE

Albuquerque, NM 87109 | 1.0 Acres / 12,800 SF | Investment Property For Sale

$1,246,000.00


TRC Environmental | Single-Tenant Office-Warehouse Investment | Strong, International Tenant

Investment Property For Sale

Price $1,246,000.00
Size 1.0 Acres / 12,800 SF

Additional Information

TRC Environmental
4221 Balloon Park Rd. NE
Albuquerque, NM

 

Offering Summary

Purchase Price: $1,246,000
Price per Square Foot: $97.34
Net Operating Income: $93,439
Cap Rate: 7.50%
Lease Type: NNN

 

Investment Highlights

  • Single-tenant, office-warehouse building leased to international company (TRC Environmental)
  • Low price point – $1,246,000
    – Priced below replacement cost
  • Building size: ±12,800 SF
  • Land size: ±1.00 acres
  • Strong, international tenant
    – TRC has 120 offices located throughout 39 states, Canada, China, and Great Britain
    – Over 4,000 employees globally
    – Been in business almost 50 years, founded in 1969
  • Long-tenured tenant – committed to this location
    – TRC has operated at this located since 1996 and has exercised multiple renewal options
  • Premier location
    – Located in the coveted North I-25 Corridor
    – Convenient access to Interstate 25
    – Extremely high barriers to entry
  • 87,000+ population within a 3-mile radius of the site
  • $64,000+ average household income within a 3-mile radius of the site

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Jake Mechenbier

Senior Advisor
505.338.4186

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