FOR SALE: 620 INDUSTRIAL AVE NE

Summary

  • PRICE: $750,000

  • BUILDING SIZE: +/- 7,200 SF

  • PROPERTY TYPE: Industrial

  • LOT SIZE: +/- 1.135 Acres

Highlights

  • 2 drive-in doors (10'x12' & 10'x14')

  • Heavy 3-phase power

  • High warehouse ceilings (20' eaves / 22' peak)

  • Recently paved lot with secure/fenced yard

  • Great location with easy access to I-25

  • +/- 2,400 SF Office/Showroom

  • City utilities

  • Personal property and equipment are also available at an additional cost

 

Description

620 Industrial offers an investor an opportunity for a hard to find freestanding industrial building located in the heart of the North I-25 Corridor.

620 Industrial Avenue is located in the heart of the industrial center of the North I-25 submarket with easy freeway access.

Office Building Investment - SOLD!!

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. 

100% Leased Investment Opportunity

100% Leased Investment Opportunity

We are pleased to market the opportunity to invest in a 100% occupied, ± 7,503 square foot, two-building office complex located on one of Albuquerque’s busiest thoroughfares, Wyoming Blvd NE. This far northeast heights office complex enjoys an excellent occupancy history and is currently leased to five successful businesses.

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For Sale: 50,000+/- SF High-Bay Industrial Building

For Sale: 50,000+/- SF High-Bay Industrial Building

Single owner property! Class A industrial building located in the heart of Albuquerque's most desirable submarket, the North I-25 Corridor. Conveniently located immediately west if Interstate 25, and just east of the intersection of Jefferson and Osuna. Excellent owner/user opportunity priced at a fraction of replacement cost.

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Journal Center Office Building Sells to Local Financial Institution

Journal Center Office Building Sells to Local Financial Institution

One of the Tiburon Office Park buildings located within the Journal Center has been sold to Bank of New Mexico (comprised of Grants State Bank / Gallup State Bank / Sunrise Bank of Albuquerque). The property has a physical address of 7401 Jefferson St NE and was the second freestanding building that was completed within in the 3+/- acre master-planned development in 2007. 

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