Listing Agency: CBRE - Albuquerque s***@cbre.com Show Phone

Listed By: Shona Martinez · License #51234 Show Phone

Source: Cbre

Added: Mar 25 Changed: Jul 10 Last Checked: Aug 11 at 10:51AM

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Investment Insights

Based on property information with market context.

Located within the Sun Plaza campus, 101B Sun Ave is a four-story multi-tenant office building. The building offers office space that can be demised in a variety of configurations to meet tenant needs. The floorplans feature finishes, functional design, and a blend of open areas, private offices, and outdoor spaces. The building is located in One Sun Plaza Office Park, directly next to the One Sun building and parking structure. The property has a size of 44129 square feet.

Key Highlights

• Located within the prestigious Sun Plaza campus.
• Four‑story multi‑tenant office building.
• Beautiful available office space.

Property Analytics

Property Profile

Current Use

Albuquerque Service Center Government Office Event Rental Systems, ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Hair Salon Parking Lot & Garage Nail Salon Garden Center Grocery & Convenience Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.90 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,780

Businesses Nearby

Explore this area Business Placement

Demographics for 87109, NM

40,740

Population

20,826

Households

2

Avg Household Size

41

Median Age

42%

College-Educated

93%

High-School Grad

10.0 sq mi

ZIP Area

4,074

Density / Sq Mi

$56,295

Median Household Income

$41,798

Median Earnings

$1,112

Median Rent

$298,300

Median Home Value

Market

Lease Benchmarks for Albuquerque, NM

$20.74 /SF/Yr

Avg Asking Price

$14–$26 /SF/Yr

Price Range

44,310 SF

Avg Space Size

This space is priced 25% above the average of $20.74 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Multi-tenant office building within the Sun Plaza campus.

Where is this office building located?

The property is located at 101b Sun Avenue Northeast Albuquerque, NM.

What is the lease rate?

The lease rate is $26 SF/Yr.

What are key features of this property?

This property features: Located within the prestigious Sun Plaza campus.; Four‑story multi‑tenant office building.; Beautiful available office space.