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. 

SOLD - 50,000 SF Industrial Building in North I-25 Corridor

SOLD - 50,000 SF Industrial Building in North I-25 Corridor

The 50,000 square foot, Class A high-bay warehouse/distribution building developed and occupied by S & M Moving Systems has been sold at an undisclosed price to an Albuquerque-based manufacturing company. Located within the industrial section of Conejos Business Park, the building was...

Read More

SolarCity Moves to Sandia Distribution Center

SolarCity Moves to Sandia Distribution Center

One of the largest multi-tenant industrial buildings in Albuquerque is now 100% leased! The owner of the state-of-the-art, 200,000+/- square foot distribution complex located at 8000 Bluewater NW just inked a 19,000+/- square foot lease with...

Read More

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. 

Read More

3.2 Acres of Land on Paseo del Norte Purchased by MVG Development and Morningstar Senior Living

3.2 Acres of Land on Paseo del Norte Purchased by MVG Development and Morningstar Senior Living

One of the last remaining commercial land parcels in the east Paseo del Norte corridor has been sold to a Denver-based development partnership between MVG Development and MorningStar Senior Living.  The 3.2 acre property, located at just east of Wyoming Blvd on the south side of Paseo del Norte, is one of the largest contiguous parcels in the immediate area and is desirable due to its visibility and proximity to a high density of medium income households.

Read More

Freestanding Office/Flex Building Sells in Alameda Business Park

Freestanding Office/Flex Building Sells in Alameda Business Park

A local investment group recently sold a 6,235+/- square foot office/flex building located at 8532 Paseo Alameda NE in Alameda Business Park. The buyer, General Mailing & Shipping Systems, Inc., will be moving out of a smaller space it currently leases at Candelaria Business Center.

Read More

Just Leased - Elite Healthcare to Expand to 4301 The 25 Way

Just Leased - Elite Healthcare to Expand to 4301 The 25 Way

Albuquerque Office Space - Leased

Elite Healthcare, based in the Fort Worth / Dallas, TX area, executed a new lease for approximately 4,143 square feet of space at 4301 The 25 Way. The company will be opening a physical rehabilitation and therapy practice in the space. The property is owned by First American Bank, which is headed locally by Geoff Wagner.

Read More

FDIC Sells 15,000 SF Office/Warehouse Located in Rio Rancho

FDIC Sells 15,000 SF Office/Warehouse Located in Rio Rancho

Rio Rancho Office / Warehouse / Showroom

Grace Outreach Center in Rio Rancho has purchased the former JC Tile building located at 1016 Rosarito Dr. SE. The approximately 15,000 square foot, retail/showroom building, situated on 1.12 acres of land, was constructed in 2008 by JC Tile. The commercial property was liquidated by the FDIC. The Ransom-With Team had the local listing assignment for the Rio Rancho commercial building.

Read More

SOLD: Freestanding Office Building - 2119 Menaul Blvd NE

SOLD: Freestanding Office Building - 2119 Menaul Blvd NE

Albuquerque Family Sells Office Building

The family of long-time surveyor and owner of Albuquerque Surveying Co,, Fred Sanchez, sold its 2,060+/-square foot, freestanding office building located at 2119 Menaul Blvd NE. The block building, which was owner-occupied for several decades, has excellent frontage on Menaul Blvd and is constructed of masonry block.

Read More

New City Church to Move to Far North Shopping Center

New City Church to Move to Far North Shopping Center

Albuquerque Commerical Real Estate - New Lease!

New City Church will have a new home soon at Far North Shopping Center, located at 6300 San Mateo NE. New City will be leasing a 7,846 square foot space in the corner of the shopping center, previously occupied by retailer, Tuesday Morning. The location is ideal as it will provide New City with an expanded sanctuary area, along with meeting and educational space designed to serve its members. 

Read More