3840 Commons Ave NE

Albuquerque, NM 87109 | 0.7 Acres / 8,050 SF | Investment Property For Sale

$972,000.00


Weston Solutions | Single-Tenant Office Investment | National Tenant

Investment Property For Sale

Price $972,000.00
Size 0.7 Acres / 8,050 SF

Additional Information

Weston Solutions

3840 Commons Ave NE, Albuquerque, NM
Single Tenant
Office Investment
National tenant with long tenure at property

 

Offering Summary

Purchase Price: $972,000
Price per Square Foot: $120.75
Net Operating Income: $68,055
Cap Rate: 7.00%
Lease Type: Full Service

 

Investment Highlights

  • Single-tenant office building leased to national company (Weston Solutions, Inc.)
  • Low price point
    – Priced below replacement cost
    – Low lease rate
  • About four years of lease term remaining through August 31, 2022*
  • Building size: ±8,050 SF
  • Land size: ±0.71 acres
  • Strong, national tenant – Weston Solutions, Inc.
    – 22 offices located throughout multiple states
    – In business 61 years, founded in 1957
  • Long-tenured tenant – committed to this location
    – Weston Solutions has operated at this location since 2006 and has exercised multiple renewal options
  • Annual rent increases
  • 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
    *Tenant has option to terminate lease 8/31/2020 and 8/31/2021 with six months written notice

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