1820 Randolph Rd SE Albuquerque, NM 87106

Listing agency Sentinel Real Estate & Investment m***@sentinelrealestate-inv.com Show Phone

Listed by Michael Contreras, CCIM · License #NM 8783 QB

Source Crexi

Added: Apr 10 Updated: Jul 22 at 8:25PM Checked: Jul 22 at 8:25PM

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Investment Insights

Based on property information with market context.

This freestanding two-story office building includes an elevator and is situated on a large lot with good onsite parking. Owners have completed numerous upgrades, and recent maintenance includes repaving and re-striping of the parking lot.

The property is located in the Airport area just west of Yale Blvd and the Albuquerque Sunport. The owner entered into a new seven-year NNN lease with the City of Albuquerque; three years remain on the primary term, with two additional three-year renewal options. The lease includes 2% annual rent increases. Additional vacant land is located adjacent to the property to the west.

Key Highlights

• Freestanding two‑story office building with elevator and onsite parking in the Airport area just west of Yale Blvd and the Albuquerque Sunport
• Owners completed many new upgrades, with recent repaving and re‑striping of the parking lot
• New seven‑year NNN lease with the City of Albuquerque in place; 3 years remain on the primary term

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FAQs

What type of property is this?

Office building - Two-story freestanding office with an elevator and onsite parking, leased under a new seven-year NNN agreement.

Where is this office building located?

The property is located at 1820 Randolph Rd SE Albuquerque, NM.

What are key features of this property?

This property features: Freestanding two‑story office building with elevator and onsite parking in the Airport area just west of Yale Blvd and the Albuquerque Sunport; Owners completed many new upgrades, with recent repaving and re‑striping of the parking lot; New seven‑year NNN lease with the City of Albuquerque in place; 3 years remain on the primary term