Listed by Berkshire Hathaway New Mexico Commercial Division
$535,788
CASHFLOWING INDUSTRIAL PROPERTY FOR SALE
Details
APN 101405942002640719
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 4,961
Net Rentable (SqFt) 4,961
Units 1
Cap Rate 8.34%
NOI $44,711
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Expiration 05/20/2028
Price per SqFt $108
Broker Co-Op Yes
Acreage 2.370
Zoning NR-LM
Investment Type Stabilized
Occupancy Date 04/02/2025
Ceiling Height 16
Loading Docks 1
Dock High Doors 1
Suite D
Marketing description
Versatile Industrial/Flex Investment or Owner-User Opportunity 1823 Commercial St NE offers a rare opportunity to purchase or lease high-functioning industrial suites in a centrally located area of Albuquerque. Whether you’re looking to invest in income-producing space or occupy your own, this property delivers flexibility, access, and functional layout to suit a variety of users
Investment highlights
- Suite A – 8,096 SF
- Price: $874,368 ($108/SF)
- Ideal for Owner-User or Investment
- Suite D – 4,961 SF
- Price: $535,788 ($108/SF)
- 8% Cap Rate | Tenant in Place through May 1, 2028
- Annual Income: $44,711 ($3,725/mo) + NNN
- Suite A – 8,096 SF
- $9.00/SF + NNN – Immediate Occupancy
- Suite B – 9,593 SF
- $9.00/SF + NNN - Tenant in Place Needs 60 day notice to vacate
Listing Contacts
Listed by Berkshire Hathaway New Mexico Commercial Division
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$44,711.00
$3,725.92/mo
Valuation Metrics
0
DSCR
8.34%
Cap Rate
8.34%
ROI
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