Hanna Commercial, LLC
Listed by Hanna Commercial, LLC
$345,000
Sierra Office Condos
Details
Property Type Office
Sub Type Creative Office
Square Footage 2,052
Net Rentable (SqFt) 2,052
Units 2
Cap Rate 8%
NOI $27,600
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 06/30/2029
Remaining Term 4
Rent Bumps Yes
Lease Options yes
Pro-Forma Cap Rate 8%
Pro-Forma NOI $27,600
Price per SqFt $168
Broker Co-Op Yes
Class B
Year Built 1946
Year Renovated 2018
Buildings 1
Stories 1
Acreage 0.137
Zoning MX-T
Parking Spaces 6 per unit
Investment Type Net Lease
Tenant Credit No Credit Rating
Lease Commencement 07/01/2024
Occupancy Date 07/01/2024
Office | 2,052 SF
Marketing description
Prime Nob Hill Investment Opportunity Discover a fully renovated 2,000 SF commercial property located in the heart of Albuquerque’s sought-after Nob Hill district. This asset offers reliable cash flow with a long-term tenant in place and approximately four years remaining on a triple-net (NNN) lease—ensuring minimal owner responsibilities and predictable operating costs. Nob Hill is one of Albuquerque's most vibrant and desirable submarkets, known for its walkability, eclectic charm, and strong tenant demand. Priced affordably and delivering an attractive 8% cap rate, this opportunity blends stability, location, and value—ideal for investors seeking dependable returns in a prime urban setting. Zoned MX-T
Listing Contacts
Hanna Commercial, LLC
Listed by Hanna Commercial, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$27,600.00
$2,300.00/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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