Active

1 Claremont Ave NW

1 Claremont Ave NW Albuquerque, NM 87107

1 / 50

Overview

Exceptional Investment Opportunity.   Major residential, commercial and infrastructure plumbing, heating, and HVAC supply company.  Long-term lease with additional renewal options.  Ideal property for a 1031 Tax-deferred investment.  Substantial tenant improvements have been made (2021) to the showroom/will-call area of the building, including reflooring, relighting, new ceiling, bathroom and breakroom updates, installation of a customer waiting area and replacing the central A/C units in the showroom/will-call area. Exterior improvements included the fence enclosure of the site with rolling/locking gates, painting of the building ex-terior and re-signing the building. Additional improvements included adding an ADA compliant access ramp to the show-room area.  Excellent location with access to I-25 and I-40.  

PROPERTY FEATURES
• 6,000 ± Showroom/Offices
• 40,000± Warehouse
• 8 Dock-High Doors
• Ramp with 14’ x14’ Door
• 26’7” - 27’7” Ceiling Height
• 26’ - 29’ Column Spacing
• 3-Phase Heavy Power
• 800 amp / 208 volt
• Motion Activated Lighting
• High-speed Internet
• Natural Gas Heat
• Central A/C (Sales/Office)
• Updated Breakroom
• Secured/Gated Yard
• Fully Sprinkled Warehouse
• Motion Sensing Alarm

Attachments

For Sale

Investment
Sale Price
$4,850,000
Price Per SF
$105.2/SF
Investment
Yes
Cap Rate
6.56%
Building Size
46,115 SF
Acres
2.5178 ac
Zoning
NR-LM
Zoning Description
Light Manufacturing
Tenant
Reece
Building Name
1 Claremont
Floors
1
Submarket
North Valley
Property Use Type
Investment
Property Status
Existing
Average Occupancy Rate
100
Ceiling Height
26.5 - 27.5
Nearest Interstate
I-25/I-40
Power Provider
Private - PNM
Water Provider
City - ABCWUA
Sewer Provider
County - City of Albuquerque
Natural Gas Provider
Private - Gas Company of New Mexico
County
Bernalillo
Created
2024-12-05
Updated
2024-12-05
Listing ID
a0849b70
Parcel APN
101405948149812911

Contact Broker