Investment Offering | Tech Commons | Albuquerque, NM

Tech Commons presents an opportunity for investors to purchase a centrally located, established and well-diversified office property in a mature neighborhood with a strong demographic and employment base. The property enjoys a stabilized cash flow and consistently out performs the market occupancy levels. With excellent visibility from Interstate 40, tenants benefit from monument and building signage seen by 200,000+ vehicles per day.

www.TechCommonsABQ.com

PRICE: $9,700,000
$/SF: ($112.11)
SIZE: ±86,525 RSF
LAND AREA: 5.649 Acres
OCCUPANCY: 92%
NOI (2016): $811,972
CAP RATE: 8.37%


Highlights

  • Tech Commons is the dominant multi-tenant Office|R&D complex in New Mexico

  • Modern construction design, built in 1995

  • Below market rents offer increased cash flow and future upside potential

  • Stable and diverse tenant mix mitigates exposure to industry-specific declines.

  • Well-maintained physical plant

  • High traffic flows (±200,000 vehicles per day) and extensive signage provide excellent exposure

  • Excellent access from Indian School Rd, between San Mateo Blvd and Carlisle Blvd

 

Tenant Roster

  • Aspen Avionics

  • Southwest Cyberport

  • Northern NM Independent Electrical Contractors

  • Net Medical Xpress

  • NM Highlands University

  • Payday, Inc

  • Sol Oriens LLC

  • Associated Security Industries


John Ransom, CCIM, SIOR
505-880-7011
john.ransom@colliers.com

Tim With, CCIM, SIOR
505-880-7092
tim.with@colliers.com