Investment Offering | Tech Commons | Albuquerque, NM

Investment Offering | Tech Commons | Albuquerque, NM

Tech Commons presents an opportunity for investors to purchase a centrally located, established and well-diversified office property. he property enjoys a stabilized cash flow and consistently out performs the market occupancy levels. With excellent visibility from Interstate 40, tenants benefit from monument and building signage seen by over 200,000 vehicles per day.

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Office Building Investment - SOLD!!

The two-building office complex located at 2107-2115 Wyoming Blvd NE has been sold by the original owner/developer to a new investment partnership. Both the selling and buying entity are based in Albuquerque.

The 7,503 square foot investment property has frontage on one of Albuquerque’s busiest thoroughfares and has an excellent occupancy history. At the time of sale, the property was leased to five businesses; Lee Michael Homes, Hong Massage, EXP Realty, Edward Jones and Tax & Accounting Solutions.

Listed at an asking price of $908,859 ($121/SF), the property generated approximately $77,000 of annual Net Operating Income, which equates to an 8.5% capitalization "cap" rate. A cap rate is also known as a "free and clear return" because it is the return to an investor if the property was purchased all-cash.

The Ransom-With Team was awarded the listing assignment in March of this year with the goal to market the property both locally and regionally and create a competitive bidding environment from qualified investors. The majority of the marketing effort was focused toward local investors that already own investment properties similar in size. Multiple offers were received and considered, however, the ultimate buyer was selected because it had experience in the market and funds that were immediately available for the purchase. The demand for well-located commercial real estate investments remains strong and is expected to continue throughout the next several quarters. 

Freestanding Office Building for Sale on Menaul Blvd

2119 Menaul NE. Albuquerque NM 87107

  • Sale Price: $255,000
  • Building Size: +/- 2,060 SF
  • Lot Size: 0.3018 Acres (13,178 SF)
  • Zoning: M-1
  • Excellent Owner-User opportunity
  • 21 Parking Spaces
  • Easy access to both I-25 and I-40 Central location
  • Storage shed built on-site Suitable for multiple tenants Visibility from Menaul Blvd.
  • Block construction
  • Roof-mounted HVAC units
  • Very well cared for & maintained

Contact Keith Bandoni, John Ransom or Tim With for more information!

Second Quarter Market Research Reports Available

Key Takeaways in the Office Market include:

  • Flurry of acquisitions delivering positive results and will decrease base inventory.

  • Uptick of tenants making moves rather than renewing at current location.

  • Class A rates are declining as a result of sublease spaces reducing rates.

Key Takeaways in the Industrial Market include:

  • Supply of large spaces with modern amenities becoming scarce

  • Investors and owner/occupants have strong appetite to purchase

  • Interest in new speculative construction projects grows

First Quarter 2015 Industrial and Office Forecast Reports

First Quarter 2015 Industrial and Office Forecast Reports

The 1st Quarter 2015 Office and Industrial Forecast Reports are available and ready for download. 

  • At first glance the office market looked like it was a flat quarter with vacancy holding steady at 20.5 percent. The encouraging aspect is how it overcame a very large amount of space that became vacant. 
  • After a banner year in 2014 the industrial market stumbled out of the gate as a handful of large available spaces vacated during the quarter. Vacancy increased slightly rising 20 basis points from the fourth quarter of 2014.
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SOLD - 50,000 SF Industrial Building in North I-25 Corridor

SOLD - 50,000 SF Industrial Building in North I-25 Corridor

The 50,000 square foot, Class A high-bay warehouse/distribution building developed and occupied by S & M Moving Systems has been sold at an undisclosed price to an Albuquerque-based manufacturing company. Located within the industrial section of Conejos Business Park, the building was...

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