Habitat for Humanity Purchases 4900 Menaul Blvd NE
The 24,710+/- square foot, freestanding retail building located at 4900 Menaul NE has been acquired by Habitat for Humanity for its ReStore operation. ReStore will be moving from its current location at 200 San Mateo SE, where it has resided since 2003. The new Menaul location will provide ReStore with a larger showroom/warehouse space and extensive exposure from Menaul Blvd.
The Ransom-With Team initially sold the building in 2006 for the Westfall family (former owners of Allied School and Office Products) to retailer, Learning is Fun, which specialized in the sale of children's learning and teaching supplies.
The 4900 Menaul NE property was listed by the Ransom-With Team and ReStore was represented by Mark Edwards of Edwards Commercial Realty. Wells Fargo was the primary lender for the buyer in the transaction. The property was listed for $2,025,000 ($82/SF).
Habitat for Humanity ReStores are nonprofit home improvement stores and donation centers that sell new and gently used furniture, home accessories, building materials, and appliances to the public at a fraction of the retail price. The Albuquerque Habitat for Humanity ReStore is owned and operated by the local Habitat for Humanity affiliate, and proceeds are used to build homes, community, and hope locally and around the world.