Brickleys Property Solutions has purchased a ±2,900 square foot professional business condominium unit at Venture Commerce Center (VCC Eagle Ranch). The new location will offer Brickleys the opportunity to transition from being a tenant to an owner-occupier, with an opportunity to build equity. Brickleys is full-service residential real estate and property management company that serves Albuquerque, Rio Rancho, Corrales & Bernalillo.
Construction of the 5-building, 30-unit VCC Eagle Ranch office/flex complex was completed in 2008. It was developed as a 100% speculative project by a CA developer and currently sets the bar for modern architectural design and quality. The ownership of the property has transitioned from the developer to the lending entity and units are now being marketing as "Lender-Owned" and are priced aggressively for sale. VCC Eagle Ranch offers an excellent opportunity for a small business to own its real estate at a price point well below replacement cost and often for much less than renting a comparable property.
The Ransom-With team has sold nine (9) units in the complex over the past several months and activity continues to improve. In addition, we have sold eight (8) office condo units in the Corrales Overlook and Rio Rancho Executive Plaza developments during this period signaling a significant upward trend in owner-user interest in the market.