1520 Tramway Blvd NE - Office FOR SALE


Albuquerque, NM 87112
$2,400,000 USD
505-259-9989
1520 Tramway Blvd NE, Albuquerque, NM for Sale
$2,400,000 USD
Office - FOR SALE
1/8
null | 8% Cap Rate

1520 Tramway Blvd NE
Albuquerque, NM 87112


HIGHLIGHTS

  • Resolut RE is pleased to present the ±7,800-square-foot, freestanding commercial building occupied by professional office tenants to the market.
  • Current tenants provide long-term leases and in-place rental income.
  • Prime location with exceptional visibility and passive income with excellent cash flow.
  • There have been recent upgrades and professional maintenance in-place.
  • An opportunity perfect for 1031 Exchange or general portfolio diversification.

OVERVIEW

This is your chance to own a stabilized, income-producing commercial property in one of Albuquerque’s most desirable and visible corridors. Positioned on a prominent stretch of Tramway Boulevard NE, this ±7,800-square-foot building is fully leased to a long-term tenant and delivers strong, consistent cash flow with minimal management required. The current tenant is a well-established, professional operator with a long-term lease in place. This lease provides a reliable income stream and makes this a turnkey investment from day one. The lease structure allows for low landlord responsibilities and offers true passive income, which is ideal for investors seeking a low-maintenance asset.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

C-2

APN/PARCEL ID

1-023-058-036357-2-10-97

ASK ABOUT THIS PROPERTY

Martin RichardsonRESOLUT REMore Info
505-259-9989

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Martin RichardsonRESOLUT REMore Info
505-259-9989

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