Ransom / With / Bandoni Team Sells 8,000 SF Otono Plaza Office Building

The Ransom/With/Bandoni team successfully sold the 7,000+/- square foot, freestanding office building located at 4910 Alameda Blvd NE. Built in 2004, the building is part of the very successful Otoño Plaza 6-building office park. Our team listed the property for $1,050,000 ($150/sf) and successfully sold the property to a cash buyer within a 60 day timeframe. The building had been owner-occupied by Market Finders, Inc. a locally-owned company that provides insurance lines to agents within the State of New Mexico. In addition, approximately 1,600 SF was leased to the Office of Natural Resources Trustee with approximately 20 months remaining on its term.

The Ransom/With/Bandoni team listed the property with an aggressive marketing strategy to sell it for the owner by the end of the calendar year 2012. Due to the active cooperation by the ownership the transaction went very smoothly and closed within a very efficient manner.

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The buyer of the property is Great River Technology (GRT) is a leader in high-performance digital video and data development tools and services for the mil/aero industry.