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5801 Osuna Rd. NE

Albuquerque, NM 87109 | 2.8 Acres / 53,414 SF | Investment Property Sold

Actual Sale Price Not Disclosed


SOLD: Seagull Office Plaza | Significant In-Place Income | Well Below Replacement Cost | Stable Tenancy

Investment Property Sold

Price Actual Sale Price Not Disclosed
Size 2.8 Acres / 53,414 SF

Additional Information

Seagull Office Plaza
5801 Osuna Rd. NE
Albuquerque, NM 87109

 

Offering Summary

Asking Price: Not Disclosed
Purchase Price: See Broker
Net Operating Income (Stabilized): $308,422
Building Size: ±53,414 SF
Land Size: ±2.84 Acres

 

Investment Highlights

  • 77% occupied multi-tenant office buildings
  • Significant in-place cash flow with value-add component through additional lease-up
  • Opportunity to purchase an asset well below replacement cost
  • Stabilized property with recent lease extensions
  • Premier location
  • Affordable, replaceable rents
  • Strong mix of tenants with staggered lease rollovers
  • Many of the leases feature annual rental increases
  • Institutionally managed asset

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Jake Mechenbier

Director
505.338.4186

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