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Reduced!!! Large industrial property in Sawmill District (sale or lease)

1900 7th St NW Albuquerque, NM 87102

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Overview

Many options on this large industrial property in the Sawmill District. Currently the building is 100% occupied on M-T-M leases with multiple tenants, some of which have requested extended lease terms. A new owner can occupy the entire space or a portion of space with income on the rest. The property can also be purchased for investment purposes with all tenants remaining in place. Private parking and on street parking are available and access to I-40 is only two blocks away. For sale at $2,250,000 or for lease at $7.00/sf NNN as-is (any landlord improvements will be amortized on top of the base lease rate).

Lease Spaces

NameRateSFAcres
1900 7th St NW$8.5 /SF/Year4,750 - 25,200 SF0.675 ac
Plasco suite (SW corner)$8.5 /SF/Year4,750 SF

For Sale/Lease

Industrial
Lease Rate
$8.5 SF/year
Available SF
4,750 - 25,200 SF
Sale Price
$2,250,000
Price Per SF
$89.3/SF
Cap Rate
6.1%
Building Size
25,200 SF
Acres
0.675 ac
Zoning
NR-LM
Tenant
Multiple Tenants
Structure
NNN
Do Not Disturb Tenant
Yes
Showing Instructions
Contact Broker
Submarket
Downtown
Nearest MSA
Albuquerque
Property Status
Existing
Average Occupancy Rate
100
County
Bernalillo
Created
2024-05-10
Updated
2024-11-07
Listing ID
308430ee
Parcel APN
101405913606731301

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