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Candelaria Plaza 9720 Candelaria Rd NE

5,807 SF Office Building Albuquerque, NM 87112 $795,000 ($137/SF) 5.03% Cap Rate

Investment Highlights

  • Great opportunity for owner/user who also wants rental income
  • Well maintained property
  • Suites can be combined
  • 7 Individual Suites ranging from 680 SF to 1200 SF

Executive Summary

9720 Candelaria is a 5,807 SF building consisting of 7 individual suites, ranging from 680 - 1200 SF, currently used as office and small retail space. All tenants except two are month-to-month providing a great opportunity for an owner/user to take over most of the property. The two remaining tenants have about a year left on their lease. For the last thirteen years the owner has utilized one of the suites and therefore was on site daily ensuring regular maintenance was performed to preserve the property’s value

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
5,807 SF
Building Class
C
Year Built
1966
Price
$795,000
Price Per SF
$137
Cap Rate
5.03%
NOI
$39,950
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,807 SF
Building FAR
0.37
Lot Size
0.36 AC
Zoning
MX-L
Parking
22 Spaces (3.79 Spaces per 1,000 SF Leased)

Amenities

  • Signage
Walk Score ®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 31419603

  • Date on Market: 4/4/2024

  • Last Updated:

  • Address: 9720 Candelaria Rd NE, Albuquerque, NM 87112

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