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4221 Balloon Park Rd NE

$1,246,000.00

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

TRC Environmental
4221 Balloon Park Rd. NE
Albuquerque, NM

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

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