Uptown Tower

Office for Sale
Sale Pending
Catylist Listing ID: 30145187
Property Subtypes: Office Building, General
Status: Pending
Building Size (RSF): 105,666 SF
Gross Building Area: See Agent
Gross Land Area: 2.68 Acres
Sale Price: $10,950,000
Unit Price: $103.63 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Uptown Tower
Class of Space: Class A
Core Factor: 0.15%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 45
Last Updated: 1/16/2019

Overview / Comments

First Class Office Building for lease in desirable Uptown sub-market.
Half a mile from I-40/Louisiana interchange.
Near 3 Regional Malls and Lifestyle Centers for shopping, dining, hotels,
banking and entertainment all within walking distance.

Recent $2.5 million capital improvements and Class A finishes throughout:
New energy efficient automated HVAC system
Lobby and Common Areas Renovated
New Building Monument

Floor plates of 16,200 RSF available
Exceptional 4.4 / 1000 Parking with 131 covered spaces based on reciprocal parking and access agreements with 3 adjacent properties
High speed internet access available

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Uptown
Tax ID/APN: 101905903119330904
Zoning: MX-H - Mixed-use: High Intensity
Property Located Between: Uptown and Menaul
Property Visibility: Excellent
Highway Access: I-40 / Louisiana Blvd. interchange 1/2 mile
Airports: ABQ
Site Description: Landmark Property with exceptional visibility on Louisiana Blvd. in the Uptown submarket.
Area Description: PRIME, Highly sought after Mixed-Use Uptown Area with retail, banking, residential, restaurants, hospitality all within walking distance. 1 block from ABQ Uptown, across from Coronado Center Mall and near Winrock Town Center.
Total Number of Buildings: 1
Number of Stories: 7
Typical SF / Floor: 16,200 SF
Year Built: 1985
Roof Type: Flat
Construction/Siding: Concrete
Parking Ratio: 4.4 (per 1000 SF)
Parking Type: Surface
Parking Description: Excellent Parking: 4.4:1000 based on reciprocal parking and access agreements with 3 adjacent properties. Covered Parking available.
Total Parking Spaces: 259
Passenger Elevators: 3
Zoning Description: SU-3 for MU-UPT mixed use Uptown
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,207 176,047 343,295
Median Age: 42.59 37.77 38.5
Households: 8,961 79,287 150,907


Photograph of Listing Agent

Barbara Haase

Cauwels & Stuve Realty & Dev.
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.