Ransom/With/Bandoni Team Leases and Sells 9,200 SF Rio Rancho Investment Property
The Colliers International team of John Ransom, Tim With and Keith Bandoni fully-leased and sold a 9,168 square foot, freestanding office building located at 2300 Grande Blvd in Rio Rancho, across from the Intel campus. In 2005, the team sold the Rio Rancho asset and the 60,000+/- square foot office/flex complex, Albuquerque Trade Center, to the seller, Kemper Insurance.
For the first five years following construction, the 2300 Grande office building was 100% occupied by Waste Management who, upon expiration of their term, vacated the building. Our team immediately began marketing the property for sale or lease.
The Ransom/With/Bandoni team successfully leased 7,138 square feet of the building to its Santa Fe-based client, Presbyterian Medical Services, while simultaneously negotiating a purchase of the property by Dr. Steven S. Wrege, DPM. The new owner plans to owner-occupy 2,030+/- square feet of space in the building and utilize the rental income received by PMS to offset its debt service.
The building was listed for $1,100,000 ($120/SF).
- Rio Rancho Executive Plaza includes five buildings totaling 47,967 SF
- Near Intel and close to New $200+million Presbyterian Hospital
- Buildings are of southwest, Scottsdale design