Industrial Sale/Leaseback Investment | 301 California St SE
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Industrial Sale/Leaseback Investment 301 California St SE
8,497 SF Industrial Building Albuquerque, NM 87108 $1,800,000 ($212/SF) 8.86% Cap Rate
Investment Highlights
- Clear Height in warehouse: 16” - 24’
- Total acreage: +/- 1 acre
- Power: 3 Phase - 480/277 200 AMP
- Four roll up doors, grade level (16’x16’
- Property fully fenced with a security system
- Abundant parking and storage for vehicles, equipment, materials, etc
Executive Summary
The US Electric Facility in Albuquerque, New Mexico, comprises two buildings. 1) Office/Warehouse building, approximately 6,000 sqft (Office: 3,750 sqft Warehouse: 2,250 sqft) AND 2) 5,000 sqft Warehouse Building. Abundant open space/yard(s) and covered parking for vehicles, equipment, materials, etc. The property is well-positioned for future expansion needs and or yard-intensive uses.
Property Size and Occupancy
Property Size: 11,500 sqft
Tenant: 1
Total Occupied Space: 11,500 sqft
Proposed NNN Lease Sturcture
Land Lord Responsibilities: NONE
Tenant Expenses: 100%
Proposed Term: 36 months
Proposed Escalations: 3% Annually
Renewal Options: Two (2) one year options
Proposed Scheduled Net Operating Income:
Base Rent: $13, 283.33 per month.
NOI: $159,400
100% Absolute NNN
Property Size and Occupancy
Property Size: 11,500 sqft
Tenant: 1
Total Occupied Space: 11,500 sqft
Proposed NNN Lease Sturcture
Land Lord Responsibilities: NONE
Tenant Expenses: 100%
Proposed Term: 36 months
Proposed Escalations: 3% Annually
Renewal Options: Two (2) one year options
Proposed Scheduled Net Operating Income:
Base Rent: $13, 283.33 per month.
NOI: $159,400
100% Absolute NNN
Property Facts
| Price | $1,800,000 | Rentable Building Area | 8,497 SF |
| Price Per SF | $212 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2005 |
| Cap Rate | 8.86% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.12/1,000 SF |
| Property Subtype | Service | Clear Ceiling Height | 24 FT |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 1.00 AC |
| Price | $1,800,000 |
| Price Per SF | $212 |
| Sale Type | Investment |
| Cap Rate | 8.86% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 1.00 AC |
| Rentable Building Area | 8,497 SF |
| No. Stories | 1 |
| Year Built | 2005 |
| Tenancy | Single |
| Parking Ratio | 2.12/1,000 SF |
| Clear Ceiling Height | 24 FT |
| No. Drive In / Grade-Level Doors | 4 |
Amenities
- Fenced Lot
- Signage
1 of 1
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $163,693 | |
| Land Assessment | $71,077 | Total Assessment | $234,770 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$71,077
Improvements Assessment
$163,693
Total Assessment
$234,770
zoning
| Zoning Code | C-3 (Heavy Commercial Zone) |
| C-3 (Heavy Commercial Zone) |
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Industrial Sale/Leaseback Investment | 301 California St SE
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