3801 Broadway Blvd Albuquerque, NM 87105
- Commercial land
- 12.05 lot acres
Current Use by Public Records
- Commercial land
Property Details for 3801 Broadway Blvd
- Lot size
- 12.05 lot acres
- Property type
- Commercial land
- APN
- 1-014-054-290-084-4-01-10
- APU
- 101405429008440110
Description
This exceptional investment opportunity presents the Bernalillo County Public Safety Training Academy, a modern, 43,239 square-foot facility situated on a 12.05-acre lot at 3801 Broadway Blvd SE, Albuquerque, New Mexico, 87105. The property boasts a 30-year lease with the State of New Mexico, commencing June 1st, 2024, at 100% occupancy under a triple-net (NNN) lease structure. The asking price is $30,802,140, translating to $712.37 per square foot. The academy features extensive amenities including classrooms, offices, a 220-person auditorium, a fitness center, a 3.5-acre training pad, a drill tower, and a MILO training simulation building. Further enhancing its capabilities, the property includes provisions for a future helicopter pad and hangar. Designed for the county's fire and sheriff departments, this co-ed training center provides cutting-edge training for cadets, officers, and firefighters. The facility is environmentally conscious, incorporating solar energy, water conservation measures, LED lighting, and other sustainable features, qualifying it for two Green Globes awards. The seller, Fire Ed, LLC, is a single-asset limited liability company, and the sale includes the LLC, subject to appropriate indemnification. The property is zoned UNCL. This is a rare opportunity to acquire a high-quality, income-producing asset with significant long-term potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Longitude
- -106.647
- Latitude
- 35.0319
- CBSA code
- 10740
- CBSA name
- ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA
