Owner User 22 Unit Office Complex

Office for Sale
Catylist Listing ID: 30321947
Property Subtypes: Office Building, General
Building Size (RSF): 7,120 SF
Gross Building Area: See Agent
Gross Land Area: 9,336 SF
Sale Price: $725,000
Unit Price: $101.83 PSF
Property Use Type: Investment, Business
Building Name: 3500 Comanche Rd NE
Class of Space: Class B
Usable Size (USF): 7,120 SF
Sale Terms: Other
Cap Rate: 7.07%
Average Occupancy Rate: 80
Last Updated: 9/18/2018

Overview / Comments

Exceptional owner-user income producing office complex with convenient access to I-25 and I-40. Tenants are long term and have occupied 86%+ of the units for 5+ years. 7.07% cap rate with 5% vacancy. Property has potential to be a 8.32% cap when full. The seller is motivated so bring all offers to the table.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Tax ID/APN: 1 016 060 470 251 41212
Zoning: MX-T - Mixed-use: Transition
Property Located Between: I-25 and Carlisle
Property Visibility: Excellent
Highway Access: I-25 & I-40
Total Number of Buildings: 2
Number of Stories: 1
Construction/Siding: Brick
Exterior Description: The exterior is very well kept. It is composed of brick and is tilt up construction. Landscaping is very well kept as well and gives of a professional impression.
Parking Ratio: 1.2 (per 1000 SF)
Parking Type: Surface
Parking Description: Surface parking
Total Parking Spaces: 35
Sprinklers: Other
Heat Type: Electricity
Heat Source: Other
Air Conditioning: Other
Interior Description: Interior of this parcel is very elegant. The inside is composed of brick and there are low maintenance plants in multiple atriums that give of a very calm and welcoming impression . There are patios and common areas that allow natural light to come in .
Zoning Description: MX-T allows mixed use
Legal Description: 8-A of plat of LTS 7-A, 8-A, 9-A, & 10-B Comanche Place

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,326 127,168 353,795
Median Age: 33.87 38.28 37.97
Households: 5,848 57,038 152,807
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.