Summit Building

Office for Sale
Catylist Listing ID: 30030082
Property Subtypes: Office Building
Building Size (RSF): 31,277 SF
Gross Land Area: 1.61 Acres
Sale Price: $4,800,000
Unit Price: $153.47 PSF
Property Use Type: Investment
Building Name: Summit Building
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.88%
Last Updated: 9/13/2017

Overview / Comments

THE SUMMIT OFFICE BUILDING - located at 2600 The American Road is a 31,277 SF 3 story, multi-tenant, Class "A" office building built in 1997 at the southern edge of Rio Rancho, NM. Prominently located at the southern most part of Rio Rancho, The Summit Building represents the premier office building in Rio Rancho and is located in close proximity to both Intel Corporation and Cottonwood Mall, the largest retail center in New Mexico. Priced significantly below Replacement Cost, the property offers unobstructed panoramic views of the Sandia Mountains and the Rio Grande Valley and has a stable history of high occupancy with credit tenants including the University of New Mexico, Wilson & Company and two dentist. The building commands some of the highest office rents in Rio Rancho.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Tax ID/APN: 69088
Zoning: SU/NR
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1997
Parking Ratio: 4.5 (per 1000 SF)
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,330 79,490 176,031
Median Age: 35.03 39.56 38.16
Households: 4,838 31,481 69,073
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