4010 Montgomery Blvd NE
4010 Montgomery Blvd NE Albuquerque, NM 87109
Overview
Colliers is pleased to bring to market 4010 Montgomery Blvd. NE, Albuquerque, NM, approximately 11,700 square feet and sits on a 1.29 acre lot. The property is currently leased to Optum Healthcare, providing a stable income stream. The lease term extends through the end of November 2030. Cap Rate: 5.91%
Sale Price $4,600,000
Building Size: 11,700 SF
Lot Size: 1.29 acres
Lease Term: Through November 2030
Cap Rate: 5.91%
Occupancy: 100%
Ownership: Fee Simple
The property offers a stable income stream backed by a long-term lease with Optum, a subsidiary of United Healthcare. Rent increases are approximately 2.5% annually.
2024 Gross Rent: $305,794
Net Operating Income (NOI): Estimated at $272,004.33
Cap Rate: 5.91%
List Price: $4,600,000
Attachments
For Sale
- Sale Price
- $4,600,000
- Price Per SF
- $393.2/SF
- Investment
- Yes
- Cap Rate
- 5.91%
- Building Size
- 11,700 SF
- Acres
- 1.2925 ac
- Zoning
- MX-T
- Zoning Description
- Transition
- Building Name
- Optum Healthcare Building
- Floors
- 1
- Year Built
- 2007
- Submarket
- North I-25
- Property Use Type
- Investment
- Property Status
- Existing
- County
- Bernalillo
- Created
- 2024-08-30
- Updated
- 2024-08-30
- Listing ID
- 6a6904ff
- Parcel APN
- 101706018050921521