Placitas Industrial Investment with Freeway Visibility (100% occupied)

Industrial for Sale
Catylist Listing ID: 30197883
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution, Other
Building Size (RSF): 39,385 SF
Gross Land Area: 17.31 Acres
Sale Price: $3,500,000
Unit Price: $88.87 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 11/19/2018

Overview / Comments

Top notch visibility from I-25 and conveniently located between Albuquerque and Santa Fe. 100% occupied property with 7 stable tenants, multiple buildings, industrial storage yards and 12+ acres of surplus land included. Located at the corner of I-25 and Highway 165 (Exit 242 to Placitas). Great investment property with long term tenants and leaseback space executed upon closing.

+/- $280,000 NOI. Multiple buildings with 3-phase power. Property has domestic well and municipal water.

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Tax ID/APN: 1021107056485
Property Located Between: Albuquerque and Santa Fe
Highway Access: I-25 northbound frontage road.
Tenancy: Multiple Tenants
Total Number of Buildings: 5
Property Condition: Excellent
Parking Type: Surface
X-Phase: 3-phase power to rear shop and both warehouse buildings
Zoning Description: SU for community commercial, industrial and commercial/residential uses
Water Service: Municipal, Well

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,425 16,324 25,991
Median Age: 39.77 41.14 42.73
Households: 1,326 6,137 9,941


Photograph of Listing Agent

Mark Thompson

Cauwels & Stuve Realty and Development Advisors
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.