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3820 Commons Ave NE
Albuquerque, NM 87109

Industrial Property For Sale

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Executive Summary

NNN Lease
3.5+ years on term with 5 year option
Regional credit tenant
Gated access to warehouse with secured parking
Premier location less than one minute from I-25
Quality construction offering 16’ ceilings, & professional store front presence
Below market rental rate in place

PROPERTY FACTS

Sale Type	Investment NNN	Rentable Building Area	8,902 SF
Cap Rate	6%	No. Stories	1
Property Type	Industrial	Year Built	1993
Property Subtype	Distribution	Parking Ratio	3.59/1,000 SF
Building Class	B	No. Drive In / Grade-Level Doors	2
Lot Size	0.63 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment NNN
Cap Rate	6%
Property Type	Industrial
Property Subtype	Distribution
Building Class	B
Lot Size	0.63 AC
Rentable Building Area	8,902 SF
No. Stories	1
Year Built	1993
Parking Ratio	3.59/1,000 SF
No. Drive In / Grade-Level Doors	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Fenced Lot

Signage

PROPERTY TAXES

Parcel Number	1-017-061-049453-2-01-16	Improvements Assessment	$152,921
Land Assessment	$64,564	Total Assessment	$217,485

PROPERTY TAXES

Parcel Number

1-017-061-049453-2-01-16

Land Assessment

$64,564

Improvements Assessment

$152,921

Total Assessment

$217,485

zoning

Zoning Code	NR-BP
NR-BP

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Listing ID: 33285922
Date on Market: 9/24/2024
Last Updated:
Address: 3820 Commons Ave NE, Albuquerque, NM 87109

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