630 Haines Ave Albuquerque, NM 87102

This exceptional Albuquerque investment opportunity presents a 38,358 square foot multi-tenant industrial flex building situated on 1.28 acres in the Sawmill District (87102). The property, built in 1970 and renovated in 2005, features a Class C rating, a 100% occupancy rate with four tenants, and a current pro-forma NOI of $280,372, yielding a 10.78% pro-forma cap rate. The asking price is $2,600,000 ($67.78/sq ft and $650,000/unit). The building comprises one two-story structure with 36,930 net rentable square feet, four loading docks, and a 16-foot ceiling height in key warehouse areas. Tenants include a nationally recognized methadone clinic, a circuit board manufacturer and distributor, skilled welders, and a membership maker facility. The property is zoned NR-LM (Non-Residential Light Manufacturing) and includes fire sprinklers. Recent upgrades include a new roof and half of the parking lot. Leases are modified, with one expiring November 30, 2023