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3801 Broadway Blvd SE

3801 Broadway Blvd SE Albuquerque, NM 87105

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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.

 

For Sale

Investment
Other
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

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