5635-5659 Jefferson St NE

Albuquerque, NM 87109 | 7.5 Acres / 94,506 SF | Investment Property For Sale

$7,905,000.00


Vista West Business Center | Core Investment | Strategic Location | Exceptional Fundamentals

Investment Property For Sale

Price $7,905,000.00
Size 7.5 Acres / 94,506 SF

Additional Information

Vista West Business Center
5635-5659 Jefferson St NE
Albuquerque, NM

 

Offering Summary

Purchase Price: $7,905,000
Price per Square Foot: $83.65
Net Operating Income: $638,029
Cap Rate: 8.1%

 

Investment Highlights

  • 93% occupied business park
  • Office/Warehouse/Flex
  • Significant in-place cash flow
    – 8.1% cap rate based on current, in-place income
  • Building size: ±94,506 SF
  • Land Size: ±7.48 acres
  • Priced below replacement cost – $83.65/SF
  • Premier location
    – Located in the coveted North I-25 corridor
    – Convenient access to Interstate 25 (approximately 0.3 miles away from Interstate 25)
    – Excellent visibility and exposure from Jefferson St. (cars per day on Jefferson St. exceed 27,000 cars per day)
  • Strong mix of national, regional, and local tenants
  • Staggered lease rollovers
  • Most leases feature annual rent increases
  • Institutionally managed asset
    – Well-maintained buildings
    – Recent capital improvements
  • 87,000+ population within a 3-mile radius of site
  • $64,000+ average household income within a 3-mile radius of site

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Jake Mechenbier

Senior Advisor
505.338.4186

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