4000 Ranger Rd Albuquerque, NM 87116

Property Details for 4000 Ranger Rd

Year built

2023

Lot size

2.13 lot acres

Property size

25,749 SF

Property type

Office Properties & Spaces

Description

This exceptional investment opportunity presents a brand-new, single-tenant net lease (NNN) office building, totaling 25,749 square feet, situated on a 2.13-acre lot in Albuquerque, New Mexico. Completed in 2023, this Class A property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $955,587, with an asking price of $13,651,250 ($530.17 per square foot). The building is strategically located at 4000 Ranger Rd SE, 87116, adjacent to Kirtland Air Force Base and within the MaxQ mixed-use campus, offering proximity to amenities such as restaurants and hospitality options. The tenant, actively involved in supporting the United States Space Force, occupies a purpose-built facility designed for secure operations. The building features a mix of open and enclosed office areas, including secure office spaces, conference rooms, collaboration rooms, and a break room. A significant advantage is the inclusion of an onsite generator capable of powering secure areas and approximately 20% of the total electrical load. The building is fully sprinklered and benefits from a signalized intersection and direct access to Gibson Boulevard. This property offers a compelling investment opportunity due to its prime location, modern construction, strong tenant, and high NOI. The location also provides easy access to the University of New Mexico stadiums, Isotopes Park, student housing, and other key areas near Kirtland AFB and Sandia National Labs.

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Longitude

-106.603

Latitude

35.0571