3801 Broadway Blvd SE
3801 Broadway Blvd SE Albuquerque, NM 87105
Overview
Colliers is pleased to bring to market Bernalillo County’s new Public Safety Training Academy located at 3801 Broadway Blvd SE, Albuquerque, NM near the intersection of Rio Bravo Blvd SE and Broadway Blvd SE. This 30-year State of New Mexico lease commenced June 1st. The ±12.05 acre site includes ±41,738 SF of classrooms, offices, 220-person auditorium, fitness center, and much more. Outside is a ±3.5 acre training pad, a drill tower, and a MILO training simulation building which offers nearly unlimited training scenarios for first responders. A helicopter pad and hanger have been designed for a future build by the County, a potential upside in rent. The facility houses the County’s fire and sheriff department’s staff, cadets, and its experienced firefighters, law enforcement officers, and first responders in the side-by-side coed training center. FireEd, LLC, the Seller, is a single asset limited liability company and is selling the LLC; subject to appropriate indemnification.
The Public Safety Training Academy is a state-of-the-art facility that qualifies for two Green Globes awards; a highly recognized environmental performance standard. Additionally, it uses solar energy, redundant water, LED light sensors, soundproofing insulation, a lighting protection system, electronic notifications, and card readers. The cadets, officers and firefighters are taught and trained in classrooms with cutting edge technology, access to indoor and outdoor fitness areas, and a first responder’s training outbuilding with holographics, laser guns, and movable walls.
Attachments
For Sale
- Sale Price
- $29,769,000
- Price Per SF
- $688.5/SF
- Investment
- Yes
- Cap Rate
- 5.25%
- Net Operating Income
- $1,560,100
- Building Size
- 43,239 SF
- Acres
- 12.05 ac
- Zoning
- UNCL
- Tenant
- Bernalillo County
- Building Name
- Bernalillo County Public Safety Training Academy
- Building Class
- A
- Submarket
- South Valley
- Property Use Type
- Investment
- Property Status
- Existing
- Average Occupancy Rate
- 100
- Nearest Interstate
- I-25
- County
- Bernalillo
- Created
- 2024-06-18
- Updated
- 2024-12-13
- Listing ID
- 4878497e
- Parcel APN
- 101405429008440110