5130 San Francisco Rd Ne7-b Albuquerque, NM 87109-4618

Property Details for 5130 San Francisco Rd Ne7-b

Year built

1997

Property size

3,604 SF

Property type

Office Properties & Spaces

APN

1-017-063-462-255-1-15-11-AL

APU

101706346225511511AL

Description

This exceptional Albuquerque office condo presents a compelling investment opportunity. Located at 5130 San Francisco Rd NE, this single-story, 4,489 square foot building boasts a prestigious location minutes from I-25 and Paseo del Norte, offering convenient access to numerous amenities. The property features two units with 100% occupancy, generating a strong net operating income (NOI) of $67,955 and a 6.50% cap rate. Built in 1996, the building underwent significant renovations in 2016 and 2017, including a new roof and HVAC system. The property benefits from a 4:5:1,000 parking ratio (21 spaces per 1,000 sq ft), ample parking for tenants and visitors. The building is situated in a master-planned business park with a campus-like environment and lush landscaping. Condo association dues of $4.00 per square foot cover landscaping, roof maintenance, stucco, and parking lot upkeep. The property is zoned NR-BP and offers a stabilized investment with a strong tenant base. The asking price is $1,045,462, translating to $232.89 per square foot. This is a rare opportunity to acquire a high-quality, well-maintained office building in a prime Albuquerque location. The property's strong financials, excellent location, and recent renovations make it an ideal addition to any investment portfolio.