2703-2725 Broadbent Pkwy NE

Albuquerque, NM 87107 | 5.8 Acres / 71,355 SF | Investment Property For Sale

$5,230,000.00


Institutional Quality Office/Warehouse/Flex Asset

Array

Investment Property For Sale

Price $5,230,000.00
Size 5.8 Acres / 71,355 SF

Additional Information

Broadbent Business Park
2703, 2715 & 2725 Broadbent Pkwy NE
Albuquerque, NM 87107

 

Offering Summary

Purchase Price: $5,230,000
Price per SF: $73.30/SF
Net Operating Income: $392,232
Cap Rate: 7.50%
Occupancy: 88%
Lease Type: Modified Gross

 

Investment Highlights

  • Institutional quality Office/Warehouse/Flex asset
  • Concrete Tilt-up Construction
  • Building Size: ±71,355 SF
  • Land Size: ±5.8 acres
  • Priced well-below replacement cost ($73.30/SF)
  • Premier location
    – Located at the intersection of Interstate 25 and Interstate 40
    – Convenient access to all of Albuquerque and New Mexico
  • Diverse mix of tenants and vast flexibility of uses
  • Low, replaceable lease rates
  • High barriers to entry for competition
  • Recent capital improvements
  • Income diversification across 12 tenants
  • Well-maintained and attractive landscaping and business environment

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Shelly Branscom, CCIM

Director
505.878.0001

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