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5411 Jefferson St NE
Albuquerque, NM 87109
9.08% Initial Yield-5.7 Yr WALT-100% Leased · Office Property For Sale
Investment Highlights
- Year 1 NOI: $812,719 with an attractive 8.50% cap rate
- Priced well below replacement cost
- Eye-catching architecture and cutting-edge design
- Annual Rent increases from all tenants
- Recent HVAC CapEx of approximately $300,000 by Owner
- Flexible building design and 29’10” ceiling height (floor to roof deck)
Property Facts
Property Type
Office
Property Subtype
Office
Building Size
56,000 SF
Building Class
B
Year Built
2004
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
56,000 SF
Building FAR
0.28
Lot Size
4.60 AC
Zoning
NR-BP - Non Residential - Business Park
Parking
207 Spaces (3.7 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 1-017-061-178425-2-02-10 | Improvements Assessment | $1,433,207 |
| Land Assessment | $752,875 | Total Assessment | $2,186,082 |
Property Taxes
Parcel Number
1-017-061-178425-2-02-10
Land Assessment
$752,875
Improvements Assessment
$1,433,207
Total Assessment
$2,186,082
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