Two-Building Industrial Warehouse
2700 Girard Blvd NE, Albuquerque, NM 87107
For Sale
Contact for pricing
One facility has a long-term tenant, while the second is delivered vacant for occupancy or leasing.
Property Size54,000 SF
Price / SF$115.74
Days on Market21
Property Features for 2700 Girard Blvd NE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Asking Price
Tenant in Place
Building Details
Buildings
Listing Agency:
Resolut RE Albuquerque
Listed By:
Jeremy Salazar, CCIM
(505) 859-2975
Source:
Crexi
Added: Oct 21
Changed: Nov 9
Last Checked: Nov 10 at 7:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Resolut RE Albuquerque
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Investment Insights
Based on property information with market context.
This industrial warehouse portfolio totals 54,000 square feet across two buildings at 2700 Girard Blvd NE in Albuquerque. The 40,000-square-foot facility is leased to Johnstone Supply, an HVAC/R distributor, under an initial term running through February 2036. The lease also includes two five-year extension options, and the building is reported at a 7.0% capitalization rate based on the offering allocation.
The companion building at 2704–2708 Girard Blvd NE contains approximately 14,000 square feet, configured for one to four suites, and will be delivered vacant. The property combines the occupied facility with space available for a new tenant or owner occupancy.
The companion building at 2704–2708 Girard Blvd NE contains approximately 14,000 square feet, configured for one to four suites, and will be delivered vacant. The property combines the occupied facility with space available for a new tenant or owner occupancy.
Key Highlights
- Two‑building industrial portfolio totaling 54,000 square feet
- 40,000‑square‑foot building leased to Johnstone Supply through February 2036
- Lease includes two additional five‑year extension options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$370,138
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,402,760
$7.4M
Cap Rate 7%
$5,287,686
$5.3M
Cap Rate 9%
$4,112,644
$4.1M
Market Conditions
NOI Build-Up for 54,000 SF
Gross rent
$453.6K $8.40/SF
− Vacancy
−$18.1K −$0.34/SF
EGI
$435.5K $8.06/SF
− OpEx
−$65.3K −$1.21/SF
NOI
$370.1K $6.85/SF
Area
Albuquerque, NM
Vacancy
4.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,402,760
Cap Rate 7%
$5,287,686
Cap Rate 9%
$4,112,644
Alternative Uses
Best Use
Warehouse
$5.29M
$4.63M – $6.17M
NOI $370,138 @ 7.0% cap · market cap 5.92%
Second Best
Industrial
$4.64M
$4.06M – $5.41M
NOI $324,891 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$13.06M
$11.43M – $15.24M
NOI $914,458 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
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Market
Properties on Market for Warehouses in Albuquerque
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Sandia Storage & Strut — 2240 Phoenix Ave NE F, Albuquerque, NM 87107
- Wild Wilbur's Self Storage — 2712 Girard Blvd NE, Albuquerque, NM 87107
- Self Storage — 3301a Menaul Blvd NE, Albuquerque, NM 87107
- AAA-U-Lock It & Self Storage — 2200 Candelaria Rd NE, Albuquerque, NM 87107
- United Rentals - Storage Containers and Mobile Offices — 3120 Pan American Fwy NE, Albuquerque, NM 87107
Frequently Asked Questions
What type of property is this?
Warehouse - One facility has a long-term tenant, while the second is delivered vacant for occupancy or leasing.
Where is this warehouse located?
The property is located at 2700 Girard Blvd NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Two‑building industrial portfolio totaling 54,000 square feet; 40,000‑square‑foot building leased to Johnstone Supply through February 2036; Lease includes two additional five‑year extension options
