Multi-tenant Industrial Investment

Industrial for Sale
Distressed
Catylist Listing ID: 30153408
Property Subtypes: Manufacturing, Light Industrial, Warehouse/Distribution, General
Building Size (RSF): 13,000 SF
Gross Land Area: 1 Acre
Sale Price: $750,000
Unit Price: $57.69 PSF
Drive In Bays: 5 Bays
Property Use Type: Investment, Vacant/Owner-User
Building Name: 220 Enterprise Rd NE
Sale Terms: Cash to Seller
Cap Rate: 7.7%
Average Occupancy Rate: 100
Short Sale/Bank-Owned: Yes
Last Updated: 9/13/2017

Overview / Comments

SVN is proud to present this multi-tenant industrial investment property in Rio Rancho. Take advantage of this great opportunity in one of Rio Rancho's few industrial parks. The property is 100% with 5 spaces from 4 different tenants. This
property is in foreclosure so all offers are subject to bank and court approval.

PROPERTY HIGHLIGHTS
-Five Drive In Doors
-Fenced Yard
-M-1 Zoning
-5 Units
-100% Leased

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Tax ID/APN: 1015069136489
Zoning: M-1
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1986
Roof Type: Arched
Construction/Siding: Metal Siding, Steel Frame
Parking Type: Surface
Heat Type: Space Heaters
Heat Source: Ceiling Units
Air Conditioning: Engineered System, Evaporative Cooler
Lighting: Fluorescent
Interior Description: Most of the interior is standard insulation padding. There is some office built-out in 4 of the 5 units.
Zoning Description: M-1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,222 43,517 126,474
Median Age: 46.62 43.51 38.33
Households: 3,502 17,295 47,559
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