Investor Purchases 22,000+/- SF Industrial Property in ABQ's North Valley
The Ransom-With team represented a long-time client/undisclosed local investor on the purchase of a 22,000+/- square foot industrial building located at 2015 5th Street NW. This was a strategic play to acquire an asset in a redeveloping segment of the North Valley submarket.
According to John Ransom, "The new owner has long-range plans to redevelop the property and further the progress in the corridor. Many formerly industrial properties along 5th Street NW have undergone exterior and interior remodeling efforts to help make this historic sector a more desirable and thriving area." 5th Street NW links Interstate 40 to Albuquerque's downtown central business district. We would like to thank our client for having the trust and confidence in us in facilitating this transaction on their behalf.