1515 Golf Course in Rio Rancho - 4% assumable loan *

Retail-Commercial for Sale
Catylist Listing ID: 29927866
Property Subtypes: Street Retail
Building Size (RSF): 10,000 SF
Gross Land Area: 0.87 Acres
Sale Price: $1,100,000
Unit Price: $110 PSF
Property Use Type: Investment
Building Name: Rio Rancho Building For Sale and Lease
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/18/2017

Overview / Comments

Scott Executive Building where you will find a professional atmosphere that is complimented by multiple office and warehouse space selections. Located on one of Rio Rancho's gateway roads, 1515 Golf Course Road offers a perfect location for business of all types. On site owner insures preventative maintenance is addressed unlike off site or out of the state building management companies. Less than one mile from the new Presbyterian Rio Rancho Medical Center.

• < Short term Leases which allow for either owner/user or investment - or BOTH - Put your Office/warehouse here and collect some rent too!
• < current $10.45 psf average lease rates leaves a lot of upside for a new owner as rates in area are much higher
• < Close to the new and EXPANDING Presbyterian Rust Medical Center
• < In a fast growing community
• < A lot of new commercial construction in the area
• < Rio Rancho boasts some of the best lease rates in the state

* This property also has spaces available for lease.

Attachments & Media

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Tax ID/APN: R103720
Property Located Between: Golf Course Road Southeast & 16th Avenue
Area Description: Rio Rancho is the largest city and economic hub of Sandoval County in the U.S. state of New Mexico. A small portion of the city extends into northern Bernalillo County. It is the third-largest and also one of the fastest growing cities in New Mexico.
Tenancy: Multiple Tenants
Number of Stories: 2
Year Built: 2008

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,985 86,701 155,863
Median Age: 36.71 37.57 37.57
Households: 3,902 33,237 59,483
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