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6020 Midway Park Blvd NE

12,083 SF 100% Leased Industrial Building Albuquerque, NM 87109 $2,390,617 ($198/SF) 6.35% Cap Rate

Warehouses New Mexico Albuquerque 6020 Midway Park Blvd NE, Albuquerque, NM 87109

Executive Summary

6020 Midway Park is a Multi-Tenant OWH investment in Albuquerque’s N-I25 Corridor. This property presents an exceptional NNN investment opportunity with existing stable cash-flow with upside potential. The multi-tenant setup allows for diversified revenue streams,
and the high demand for industrial space in Albuquerque ensures long-term occupancy. Rental rates average $12.42 PSF providing significant upside of 20% if when all rents are brought to market rents of $14.00 PSF. The strategic location, modern facilities, and ideal
unit size make it an attractive option for a wide range of small businesses. The parking lot has recently been resurfaced and striped, roof and HVAC well maintained.

Attachments

NNN Multi-Tenant Industrial Invesment_web

Property Facts

Price $2,390,617 Lot Size 1.44 AC
Price Per SF $198 Rentable Building Area 12,083 SF
Sale Type Investment NNN No. Stories 1
Cap Rate 6.35% Year Built 1996
Sale Conditions 1031 Exchange Parking Ratio 2.65/1,000 SF
Property Type Industrial Clear Ceiling Height 10’
Property Subtype
Warehouse
  • Industrial Manufacturing
  • Showroom
  • Industrial Service
 No. Drive In / Grade-Level Doors 8
Building Class C 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.
Price $2,390,617
Price Per SF $198
Sale Type Investment NNN
Cap Rate 6.35%
Sale Conditions 1031 Exchange
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Manufacturing
  • Showroom
  • Industrial Service
Building Class C
Lot Size 1.44 AC
Rentable Building Area 12,083 SF
No. Stories 1
Year Built 1996
Parking Ratio 2.65/1,000 SF
Clear Ceiling Height 10’
No. Drive In / Grade-Level Doors 8
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

Links

1 of 1

PROPERTY TAXES

Parcel Number 1-017-062-038196-3-03-06 Improvements Assessment $110,877
Land Assessment $109,628 Total Assessment $220,505

PROPERTY TAXES

Parcel Number
1-017-062-038196-3-03-06
Land Assessment
$109,628
Improvements Assessment
$110,877
Total Assessment
$220,505

zoning

Zoning Code NR-BP (Non Residential - Business Park)
NR-BP (Non Residential - Business Park)
(505) 720-7089

Contacts

  • Listing ID: 33593686

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 6020 Midway Park Blvd NE, Albuquerque, NM 87109

More public record information on 6020 Midway Park Blvd NE, Albuquerque, NM 87109

The Industrial Property at 6020 Midway Park Blvd NE, Albuquerque, NM 87109 is currently available for sale. Contact RESOLUT RE for more information.

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6020 Midway Park Blvd NE, Albuquerque, NM for sale Building Photo- Image 1 of 10
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6020 Midway Park Blvd NE, Albuquerque, NM for sale Building Photo- Image 2 of 10
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6020 Midway Park Blvd NE, Albuquerque, NM for sale Building Photo- Image 3 of 10
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6020 Midway Park Blvd NE, Albuquerque, NM for sale Primary Photo- Image 4 of 10
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6020 Midway Park Blvd NE, Albuquerque, NM for sale Building Photo- Image 5 of 10
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6020 Midway Park Blvd NE, Albuquerque, NM for sale Building Photo- Image 6 of 10
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6020 Midway Park Blvd NE, Albuquerque, NM for sale Building Photo- Image 7 of 10
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6020 Midway Park Blvd NE, Albuquerque, NM for sale Building Photo- Image 8 of 10
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6020 Midway Park Blvd NE
(505) 720-7089 x

6020 Midway Park Blvd NE

1/4

Daniel Kearney

(505) 720-7089

(505) 720-7089

Austin Tidwell

(505) 702-1379

(505) 702-1379

Rob Powell

(505) 337-0777

(505) 337-0777

RESOLUT RE

(512) 474-5557

(512) 474-5557

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