1720 Randolph Rd SE

Office for Sale
Catylist Listing ID: 6797025
Property Subtypes: Governmental, Institutional, Office Building
Building Size (RSF): 54,518 SF
Gross Building Area: See Agent
Gross Land Area: 2.48 Acres
Sale Price: $3,985,000
Unit Price: $73.10 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: 8/15/2017

Overview / Comments

Exceptional Owner Occupant opportunity. The Property consists of 2 buildings joined by a common atrium. The Property has stabilized cash flows from a National Tenant lease in north building.

Upon vacancy in 2016, the owner can occupy the south building of 34,518 sf, while receiving income from Xerox subsidiary Affiliated Computer Systems (“ACS”), remaining in the north building on a long term lease.

Exceptional security system from Homeland Security occupancy, dense office build out, interior vehicle storage, conference/training rooms.

Attractively priced at $3,985,000 or $91/sf.

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: Excellent
Site Description: 2.48 Acre site zoned IP, Industrial Park. 151 surface parking spaces unreserved in common, plus a leased city parking lot of 64 parking spaces, of which 50 are secured for GSA through lease expiration 2014.
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: 2009
Exterior Description: Stucco
Parking Ratio: 3.9 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 215
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
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