1500 Renaissance Blvd NE - Flex FOR SALE


Albuquerque, NM 87107- Renaissance | 
$5,300,000 USD
505-883-7676
1500 Renaissance Blvd NE, Albuquerque, NM for Sale
$5,300,000 USD
Flex - FOR SALE
1/10
null | Request Cap Rate

NEW


1500 Renaissance Blvd NE
Albuquerque, NM 87107
Renaissance


HIGHLIGHTS

  • Ample on-site parking for employees and visitors.
  • Immediate I-25 Access with excellent connectivity throughout the Albuquerque metro area.
  • Recent Capital Improvements – TPO roof and 14 HVAC units replaced in 2020, reducing near-term capital needs.
  • 3-Phase Power – Provides flexibility for a variety of users and equipment requirements.
  • Excellent Nearby Amenities – Convenient to Costco, The Home Depot, Sam’s Club and numerous restaurants and services.

OVERVIEW

Owner-User Opportunity 1500 N. Renaissance offers the benefit of existing rental income, together with the potential longer-term financial benefits associated with owning commercial real estate. Suite C contains approximately 19,780 SF, or approximately 54% of the building, creating an opportunity for a purchaser to occupy a majority of the property while continuing to receive income from the existing tenants. Suites A and B currently generate approximately $178,000 in annual contractual base rent.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

142

LAND DETAILS

LAND ACRES

2.93

LAND SF

127,631

ZONING

NR-BP

APN/PARCEL ID

1-016-061-350218-4-06-15

ASK ABOUT THIS PROPERTY

Sarah BeaucheminColliers New MexicoMore Info
505-883-7676

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Sarah BeaucheminColliers New MexicoMore Info
505-883-7676

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.