Journal Center II

Industrial for Sale
Sale Pending
Catylist Listing ID: 30257469
Property Subtypes: Flex Space, Mixed Use, Net Leased, Research & Development
Status: Pending
Building Size (RSF): 27,869 SF
Gross Land Area: 2.04 Acres
Sale Price: $2,995,000
Unit Price: $107.47 PSF
Ceiling: 24 ft. Clear
Docks/Doors: 2 Docks
Office SF: 5,100 SF
Drive In Bays: 1 Bay
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Office/Warehouse
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/7/2018

Overview / Comments

Top location in Journal Center; with controlled environment, 24 hour security, planned development, and zoning controlled for office and industrial. Property sits just west of Jefferson, located minutes from Paseo I-25 and close to retail and restaurant amenities.

-Two-Tenant NNN Investment Opportunity
-Built in 2005
-New TPO Roof and HVAC with Warranty
-Tilt-up Concrete Construction
-Annual Rental Increases
-24" Ceilings
-69 Parking Spaces
-High Level Improvements, Including Clean Room

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Tax ID/APN: 101706323225330411
Zoning: IP - Industrial Park Zone
Tenancy: Multiple Tenants
Number of Stories: 1
Construction/Siding: Concrete - Tilt up
Parking Ratio: 3.2 (per 1000 SF)
Total Parking Spaces: 85
Volts: 480
X-Phase: 3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,926 84,559 258,263
Median Age: 38.33 39 40.6
Households: 4,416 36,705 112,860
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.