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Minato Square

10701 Montgomery Blvd NE Albuquerque, NM 87111

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Overview

Minato Square is a distinguished mixed-use retail complex encompassing 17,211 square feet. Constructed in 1980, this Class B property is equipped with 119 parking spaces, offering a generous parking ratio of five spaces per thousand square feet. Currently fully occupied with five tenants, including the property owner who intends to vacate, Minato Square is set to adjust its occupancy rate to 64% upon their departure.

    17,211 square feet, constructed in 1980. Class B property with 119 parking spaces. Ideal for both Investor and Owner/User. In-Place Rental Rates Below Market 64% occupancy after owner vacates 6,243 sq ft. Priced at 50% of replacement cost. Located in the desirable Far Northeast Heights area. High visibility along Montgomery Blvd 33,400 daily vehicle passages. Building and monument signage options.

Lease Spaces

NameRateSF
D & E$14 /SF/Year2,981 - 6,243 SF
F$14 /SF/Year3,262 - 6,243 SF

For Sale

Retail
Office
Sale Price
$2,601,082
Price Per SF
$151.1/SF
Investment
Yes
Cap Rate
8.02%
Gross Income
$220,625
Net Operating Income
$220,625
Total Expenses
$57,355
Building Size
17,211 SF
Acres
2.23 ac
Zoning
PD
Building Name
Minato Square
Building Class
B
Year Built
1980
Parking Ratio
5 / 1000
Parking Spaces
119
Submarket
Far Northeast Heights
Nearest MSA
Albuquerque
Property Use Type
Investment
Property Status
Existing
Vehicles Per Day
33,400 VPD
Nearest Interstate
I-25 - 5 mi
Nearest Airport
Albuquerque Sunport - 13 mi
Power Provider
Public Service Company of New Mexico
Water Provider
Albuquerque Bernalillo County Water Utility Authority
Sewer Provider
Albuquerque Bernalillo County Water Utility Authority
Natural Gas Provider
Gas Company of New Mexico
County
Bernalillo
Created
2024-06-04
Updated
2024-10-03
Listing ID
b4808068
Parcel APN
102106144502040124

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