6200 Jefferson St NE - Office FOR SALE


Albuquerque, NM 87109
$8,699,362 USD
505-837-4955
6200 Jefferson St NE, Albuquerque, NM for Sale
$8,699,362 USD
Office - FOR SALE
1/12
null | 8.75% Cap Rate

6200 Jefferson St NE
Albuquerque, NM 87109


HIGHLIGHTS

  • Credit tenancy on new & staggered leases. Diverse tenancy with both office & education tenants in-place
  • New common area & capital improvements include: transformative lobby entrance, locker rooms with showers, interior bike racks and outdoor break area
  • Convenient & centralized location at Jefferson at Osuna with easy access to all quadrants of the city via Interstate 25
  • Storage with roll-up door & dock high loading
  • Abundant natural light with stunning views
  • Within walking distance to abundant amenities including restaurants, banks, hotels, entertainment, retail, walking/biking trails and much more

OVERVIEW

CBRE is pleased to present the opportunity to acquire 6200 Jefferson St, a 56,047± square foot, 86.5% leased professional office building with diversified tenancy and 7-Year WALT in Albuquerque, NM. This premier 3-story professional office is situated in the heart of the highly desirable North I-25 Corridor. The property benefits from its proximity to Interstate 25, providing direct access to all quadrants of the City and easy access throughout the state of New Mexico. 6200 Jefferson has a stable tenancy with three credit tenants and a predictable income stream. Future income growth is achievable given the below market lease rates and limited supply of quality office space in the sub-market. Near term CAPEX has been mitigated by current owner with recent $2M+ investment into the property. The Albuquerque Metro Area (population 939,316±) features a high quality of life, low cost of business, and an educated workforce. The area’s workforce population is 380,000+ with 37% of the population over the age of 25 holding a Bachelor’s degree or higher. Albuquerque’s affordable cost of living, diverse population, and growing tech sector make it a desirable business location.

FOR SALE DETAILS

PRICE

$8,699,362 USD

PRICE/SF

$155 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8.75% Cap In-Place | 86.5% occ. | 7 Yr. WALT

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

233

LAND DETAILS

LAND ACRES

3.79 AC

LAND SF

165,049 SF

ZONING

NR-BP

APN/PARCEL ID

1-017-062-363267-4-01-26

ASK ABOUT THIS PROPERTY

James DountasCBRE, Inc.More Info
505-837-4955

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James DountasCBRE, Inc.More Info
505-837-4955

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