3401-3451 Candelaria Rd NE

Albuquerque, NM 87107 | 3.6 Acres / 43,233 SF | Investment Property For Sale

Call for Offers Jan. 31, 2020


Candelaria Business Center | Office/Warehouse/Flex

Array

Investment Property For Sale

Price Call for Offers Jan. 31, 2020
Size 3.6 Acres / 43,233 SF

Additional Information

Candelaria Business Center
3401-3451 Candelaria Rd. NE
Albuquerque, NM 87107

 

Offering Summary

Purchase Price: Call for Offers January 31, 2020
Net Operating Income (As-Is*): $24,469
Net Operating Income (Stabilized**): $214,499
Building Size: ±43,233 SF
Land Size: ±3.6 acres

*Current occupancy is 35%

**Assumptions based on 85% occupancy

 

Investment Highlights

  • Call for offers January 31, 2020
  • Value-Add Opportunity
    – 35% occupied business park with a tremendous amount of upside potential through lease-up
    – ±27,914 SF of available space
    – Sprinklered buildings
    – Separately metered gas and electric
  • Opportunity to purchase an asset well below replacement cost
  • Investment or owner-user potential
  • Historically strong performing asset
  • Professionally managed asset
    – Well maintained buildings
    – Recent large capital expenditure items performed (over $250,000 within the last five years)
  • Most of the leases feature annual rent increases
  • Staggered lease rollovers
  • Desirable location
    – Located one block west of the intersection of Carlisle Blvd. and Candelaria Rd.
    – Convenient interstate access – about one mile east of Interstate 25 and less than one mile north of Interstate 40
  • Excellent visibility
    – Visibility and exposure from Candelaria Rd. with over 17,800 cars per day
  • Zoning: NR-C

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Jake Mechenbier

Senior Advisor
505.338.4186

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