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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
Name | Rate | SF |
---|---|---|
D & E | $14 /SF/Year | 2,981 - 6,243 SF |
F | $14 /SF/Year | 3,262 - 6,243 SF |
Attachments
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