First Quarter 2015 Industrial and Office Forecast Reports
100% Leased Investment Opportunity
The 1st Quarter 2015 Office and Industrial Forecast Reports are available and ready for download.
- At first glance the office market looked like it was a flat quarter with vacancy holding steady at 20.5 percent. The encouraging aspect is how it overcame a very large amount of space that became vacant.
- After a banner year in 2014 the industrial market stumbled out of the gate as a handful of large available spaces vacated during the quarter. Vacancy increased slightly rising 20 basis points from the fourth quarter of 2014.
Journal Center Office Building Sells to Local Financial Institution
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.
Downtown Albuquerque Office Building Being Purchased by MMA Academy
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.
Just Leased - Elite Healthcare to Expand to 4301 The 25 Way
The Colliers International | Ransom-With Team has the listing assignment for the former DEA and FBI facility located at 301 Dr Martin Luther King Jr Ave in Downtown Albuquerque.
The property is currently under contract for sale to world-renowned MMA trainer, Mike Winkeljohn (www.CoachWink.com), who is planning to open a state-of-the-art MMA Academy. The building will undergo a very extensive remodeling effort that will completely change the landscape of the northeast corner of Broadway Blvd and Dr. Martin Luther King Jr. Ave. The concrete building currently has an old industrial design and the new renderings reveal a very modern, attractive plan.
SOLD: Freestanding Office Building - 2119 Menaul Blvd NE
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.
Freestanding Journal Center Building For Sale - 7401 Jefferson St 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.
New Listing: Office Building for Sale - Downtown Santa Fe | 1409 2nd Street, Santa Fe, NM 87505
Office Property For Sale or Lease
Rare opportunity to lease or own a boutique office building in the heart of the Journal Center corridor. 7401 Jefferson St NE is a Class A office property situated in Tiburon Park, an award-winning office complex in a well-landscaped campus environment. The property offers modern exterior/interior finishes, a fenced patio area and covered parking.
New Listing: Class A Office Space - 7400 Tiburon St NE | Albuquerque, NM 87109
This well-maintained office building, with multiple offices and conference room, has easy access to Downtown Santa Fe. Office would be a great fit for professional, law firm or administrative offices.
Office Space at Sivage Building
7400 Tiburon St NE consists of 50,000+/- square feet of office improvements situated on 3.86+/- acres of land located in the center of Journal Center II. The property was constructed in 2004 with a state-of-the-art architecture (high ceilings, flexible interior layout, and abundant natural and indirect light) and comprised of high quality materials.
This is an office opportunity with excellent freeway visibility in a signature class A building. This building is centrally located (adjacent to the Journal Center) with modern architectural design & distinct identity.