- PRICE: $750,000
- BUILDING SIZE: +/- 7,200 SF
- PROPERTY TYPE: Industrial
- LOT SIZE: +/- 1.135 Acres
Excellent Owner-User property located in the North I-25 CorridorRead More
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.Read More
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.
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.
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
Delta Group Electronics, a perennial member the Journal’s Flying 40 list of fast-growing technology companies, is expanding its local operation with the recent purchase of the 49,500-square-foot warehouse at 4521A Osuna Road NE.Read More
The 1st Quarter 2015 Office and Industrial Forecast Reports are available and ready for download.
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...Read More