RAINBOW BUSINESS CENTER

Retail-Commercial for Sale
Catylist Listing ID: 30055721
Property Subtypes: Street Retail, General
Building Size (RSF): 48,227 SF
Gross Land Area: 2.11 Acres
Sale Price: $2,300,000
Unit Price: $47.69 PSF
Property Use Type: Investment
Building Name: 200-204 San Mateo Blvd SE
Usable Size (USF): 48,227 SF
Sale Terms: Cash to Seller
Cap Rate: 8.29%
Average Occupancy Rate: 62
Last Updated: 6/15/2017

Overview / Comments

The subject property is presently improved with a detached block retail/
warehouse space establishment, with a wood deck roof and metal truss
system. The subject property has been renovated and comprises a gross
square footage of approximately 49,160 square feet. The rear and central
portions of the building still have the wood flooring. The north section of the
building is currently occupied by a furniture and antique mart and has vinyl
title floor covering, concrete block walls, gas space heaters and evaporative
air conditioning. Other improvements to the property include an asphalt
paved parking lot to 100+ vehicles, landscaping and sidewalks around the
perimeter of the building.

Across from a Super Walmart
? Available Spacer has High Celings
? Near Route 66
? Close to the Nob Hill Shopping District
? Over 30,000 VPD
? ONLY $48 PSF!!!!

Attachments & Media

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $28,835 (Annual)
Net Operating Income $190,560 (Annual)
Gross Operating Income $297,350 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Southeast
Tax ID/APN: ABQ153660
Zoning: C-3 - Heavy Commercial Zone
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: San Mateo, SE
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1953
Year Renovated: 2006
Construction/Siding: Brick
Total Parking Spaces: 125
Parking Ratio: 5 (per 1000 SF)
Parking Type: Surface
Parking Description: Striped Asphalt, Front & Back

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,114 118,577 296,924
Median Age: 38.87 35.78 37.08
Households: 11,028 52,980 130,177

Source

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