Active
$234K Price Reduction! Now 8.50% Cap Rate! 100% Occupied Multi-Tenant Retail and Industrial
4711 Lomas Blvd NE Albuquerque, NM 87110
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Overview
100% occupied multi-tenant mixed use building with oversized parking lot. 34 private parking spaces with new striping and sealcoat on the entire parking lot. 5 tenants including Farmer's Insurance Agency and New Mexico State Licensed Cannabis Licensee for retail/manufacturing/packaging/administrative offices. Headquarters for Leaf & Flower Cannabis. All leases are NNN except for the smallest lease, so minimal expenses for the landlord. Excellent visibility and high traffic counts plus free standing monument sign and multiple ingress/egress points. Very nice interior improvements and very well maintained. New TPO roof throughout. Owner/Broker.
For Sale
Investment
- Sale Price
- $1,750,000
- Cap Rate
- 8.5%
- Building Size
- 8,300 SF
- Acres
- 0.62 ac
- Zoning
- MX-M
- Net Operating Income
- $148,875
- Tenant
- Multiple
- Building Name
- Farmers Insurance / Leaf & Flower
- Floors
- 1
- Parking Ratio
- 4.1 / 1,000
- Parking Spaces
- 34
- Submarket
- University
- Nearest MSA
- Albuquerque
- Property Use Type
- Investment
- Property Status
- Existing
- Average Occupancy Rate
- 100
- County
- Bernalillo
- Created
- 2024-03-07
- Updated
- 2024-08-19
- Listing ID
- 302e7c86
- Parcel APN
- 101705835301540302