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3801 Broadway SE Blvd - Bernalillo County Public Safety Training Cent

43,239 SF Specialty Building Offered at $29,769,000 at a 5.24% Cap Rate in Albuquerque, NM 87105

Executive Summary

Colliers is pleased to bring to market Bernalillo County’s new Public Safety Training Academy located at 3801 Broadway Blvd SE, Albuquerque, NM near the intersection of Rio Bravo Blvd SE and Broadway Blvd SE. This 30-year State of New Mexico lease commenced June 1st. The ±12.05 acre site includes ±41,738 SF of classrooms, offices, 220-person auditorium, fitness center, and much more. Outside is a ±3.5 acre training pad, a drill tower, and a MILO training simulation building which offers nearly unlimited training scenarios for first responders. A helicopter pad and hanger have been designed for a future build by the County, a potential upside in rent. The facility houses the County’s fire and sheriff department’s staff, cadets, and its experienced firefighters, law enforcement officers, and first responders in the side-by-side coed training center. FireEd, LLC, the Seller, is a single asset limited liability company and is selling the LLC; subject to appropriate indemnification.
The Public Safety Training Academy is a state-of-the-art facility that qualifies for two Green Globes awards; a highly recognized environmental performance standard. Additionally, it uses solar energy, redundant water, LED light sensors, soundproofing insulation, a lighting protection system, electronic notifications, and card readers. The cadets, officers and firefighters are taught and trained in classrooms with cutting edge technology, access to indoor and outdoor fitness areas, and a first responder’s training outbuilding with holographics, laser guns, and movable walls.
(Please reach out to the listing broker, Terrie Hertweck, for lease terms and financials ; see CA attached)

Property Facts

Price $29,769,000
Price Per SF $688
Sale Type Investment
Cap Rate 5.24%
Property Type Specialty
Property Subtype
Schools
  • Specialty Police Fire Station
Lot Size 12.05 AC
Building Size 43,239 SF
No. Stories 1
Year Built 2024
Opportunity Zone Yes

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-014-054-290084-4-01-10
Land Assessment
$355,198
Improvements Assessment
$0
Total Assessment
$355,198

zoning

Zoning Code UNCL
UNCL
  • Listing ID: 32174050

  • Date on Market: 6/18/2024

  • Last Updated:

  • Address: 3801 Broadway SE Blvd, Albuquerque, NM 87105

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