1720 Randolph Rd SE

Office for Sale
Catylist Listing ID: 6797025
Property Subtypes: Governmental, High-Tech, Institutional, Office Building, Research & Development
Building Size (RSF): 54,518 SF
Gross Building Area: See Agent
Gross Land Area: 2.48 Acres
Sale Price: $2,450,000
Unit Price: $44.94 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 1720 Randolph Rd SE
Class of Space: Class B
Sale Terms: Cash to Seller
Last Updated: 7/16/2018

Overview / Comments

Attractively priced at $2,450,000 or $45/sf.

Exceptional Owner Occupant opportunity or Value Add Investmetn. The Property consists of 2 buildings - North and South - joined by a common atrium. One of the nicest properties in the Airport submarket.

South building 34,518 SF - Previous Homeland Security occupancy, dense office build out, interior vehicle storage, conference/training rooms. Vacant.

North building 20,000 SF - The Property has a National Tenant lease in the North building through 12.31.18, renewal discussion underway. Dense office build out, generator, fiber.

Attachments & Media

Financials

Finance Data Year 2011
Net Operating Income $530,355 (Annual)
Finance Data Year 2010
Net Operating Income $530,355 (Annual)

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Airport
Tax ID/APN: ABQ185671
Zoning: IP - Industrial Park Zone
Property Located Between: Yale and University
Road Type: Paved
Property Visibility: Good
Highway Access: Quick access to I-25 from University or Gibson.
Airports: ABQ
Site Description: 2.48 Acre site zoned IP, Industrial Park.
Area Description: Airport submarket, next to ABQ Sunport, KAFB, and Labs.
Total Number of Buildings: 2
Number of Stories: 3
Year Built: 1982
Year Renovated: 2012
Exterior Description: Stucco
Parking Ratio: 3.9 (per 1000 SF)
Parking Type: Surface
Parking Description: 151 surface parking spaces unreserved in common. A leased city parking lot of 64 parking spaces exists to the south of the property.
Total Parking Spaces: 151
Passenger Elevators: 2
Interior Description: Dense office build out, conference rooms, interior vehicle storage area, exceptional security systems.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,820 75,522 225,288
Median Age: 31.43 34.82 35.53
Households: 2,948 33,484 93,140

Contact

Photograph of Listing Agent

Barbara Haase

Cauwels & Stuve Realty & Dev.
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.