8301 Washington St NE
8301 Washington St NE Albuquerque, NM 87113
Overview
Exceptional Fully Leased Industrial Investment Opportunity in Albuquerque’s Prime North I-25 Corridor
Discover a rare gem in Albuquerque's industrial real estate market with our fully leased investment property located at 8301 Washington NE, Albuquerque, NM 87113. This prime industrial asset offers a compelling opportunity for investors seeking stability and growth in one of the city's most coveted areas.
Property Highlights:
- Strategic Location: Nestled in the highly sought-after North I-25 Corridor, this property boasts unparalleled accessibility just minutes from I-25 via the Jefferson and Paseo Del Norte exit. Enjoy seamless connectivity to major transport routes, ensuring ease of distribution and operations.
- Versatile Layout: The property comprises 8 well-maintained small office warehouse units, each uniquely sized to cater to a diverse range of industrial and commercial needs. Zoned NR-LM this flexibility enhances the property's appeal to a broad spectrum of tenants, ensuring sustained demand and rental income.
- Fully Leased Investment: All units currently fully leased with under market rents. This provides a stable cash flow short term with significant opportunity to increase rents in the coming years. Fully leased property signifies strong tenant interest and satisfaction in this prime location.
- Tight Market Advantage: In a competitive industrial sales market with limited availability, this property stands out as a rare find. Its prime location, property type with small industrial units and fully leased status offer a unique investment opportunity for discerning buyers.
Why Invest Here?
- Prime Location: Positioned in a rapidly growing industrial corridor, this property ensures high visibility and strategic advantage.
- Stable Income: With a full occupancy rate, enjoy the security of consistent rental income from a diverse tenant base.
- Growth Potential: The North I-25 Corridor is known for its robust economic activity and development potential, making this an excellent investment for future appreciation.
Don’t Miss Out!
Opportunities like this are rare in today’s tight industrial market. Secure your stake in one of Albuquerque’s most desirable locations and reap the benefits of a fully leased, strategically located industrial property.
For more information and to schedule a tour, contact Sycamore Associates LLC. We will need 48 hours notice to show, and can only show during the weekdays. Seize this exceptional investment opportunity and enhance your portfolio with a prime industrial asset in a thriving market.
Hard corner of Anaheim & Washington St.
Excellent Freeway Access to I-25
North I-25 Location between Paseo & Alameda
Building Total SF: 18,160 SF
8 Individual Office/Warehouse Units
Shared Yard
(2) 2,000 SF Units
(6) 2,360 SF Units
1.2692 Acres
Zoning: NR – LM (Non-Residential Light Manufacturing)
Below Market Rents
PROFORMA NOI: $192,216.00
Proforma based on $14/SF MG
$2,688,000.00
7.15% CAP RATE
Attachments
For Sale
Secondary Uses: Light Industrial, Manufacturing
- Sale Price
- $2,688,000
- Price Per SF
- $148/SF
- Investment
- Yes
- Cap Rate
- 7.15%
- Gross Income
- $249,400
- Net Operating Income
- $192,216
- Total Expenses
- $57,184
- Building Size
- 18,160 SF
- Acres
- 1.2692 ac
- Zoning
- NR-LM
- Zoning Description
- Light Manufacturing
- Building Class
- B
- Submarket
- North I-25
- Property Status
- Existing
- Ceiling Height
- 14 - 15
- Clear Height
- 14 -
- Power Phase
- 3 Phase
- County
- Bernalillo
- Created
- 2024-09-04
- Updated
- 2024-12-18
- Listing ID
- 7c3daae1
- Parcel APN
- 101706424411730201