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Investment For Sale
Multi-Tenant Investment Opportunity
1602 Central Avenue SE, Albuquerque, New Mexico 87106
Details
- Category Investment
- Type For Sale
- Sale Price $1,550,135 ($114.37/SF)
- CAP Rate 8.07%
- NOI $125,110.14
- Available Space ±13,553 SF
- Lot Size ±0.65 Acres
- Zoning IDO: MX-M
Description
- A diverse mix of retail & office tenants with a strong occupancy history
- Located in a high-daytime population area and surrounded by high-density residential
- Close to hundreds of newly-constructed apartment units
- Increased housing and medical development in the area is driving new retail demand
- Great visibility on Central Ave. to ±21,200 CPD
- One-half mile from I-25
- One minute from Presbyterian Hospital, UNM and CNM
- 37 reserved parking spaces
- Located on the Historic Route 66
Documents
Listing Brokers
Retail
John Algermissen
- Direct505.998.5734
- Office505.878.0001
- Mobile505.264.7242
- Emailjohna@sunvista.com
Land & Industrial, Retail
Genieve Posen
- Direct505 998 1568
- Office505 878 0001
- Mobile505 290 7413
- Emailgenieve@sunvista.com