Listed by RESOLUT RE, Resolut RE Albuquerque
$750,000
21 Main Street
Details
Property Type Office
Sub Type Executive Office
Square Footage 5,000
Cap Rate 8.50%
NOI $63,619
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Options 5
Acreage 1.290
Zoning C-2
Investment Type Owner/User
Office | 8.50% CAP | 5,000 SqFt
Marketing description
Single Tenant investment opportunity guaranteed by the Town of Edgewood. The 5-year lease, executed October 2024, provides 3% annual rent escalations throughout the initial term and the two 5-year extension options. The tenant is responsible for all interior and exterior repairs and maintenance leaving the landlord responsible for only property taxes, insurance, and maintenance/ repairs to roof. The current lease rate of $14.00 PSF is a very replaceable rent in this market considering the lack of available office space in the immediate and surrounding area.
Investment highlights
- .36 acre paved parking lot
- .5 acre secured, gated yard with remote entry
- Functional office floor plan
- Solar panels
- New paint & carpet
- Parking lot resurfaced in 2016
- Quick I-40 & Route 66 access
- Asset Type: Single-Tenant Office
- Occupancy: 100%
- Gross Rental Income: $72,099.96
- Annual operating expenses( As of 2025)
- Property Tax: $3,212
- Repairs & Maintenance: $ 2,500
- Property Insurance: $2,769
- Total Operating Expenses: $8,481
- Net Operating Incom: $63,618.96
Listing Contacts
Listed by RESOLUT RE, Resolut RE Albuquerque
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,618.96
$5,301.58/mo
Valuation Metrics
0
DSCR
8.48%
Cap Rate
8.48%
ROI
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