Neighborhood Center in one of ABQ's Most Underserved Trade Areas
Sale Price
$7,750,000
Total GLA
77,123 SF
Acreage
7.62 Acres
Highlights
Excellent rental history with blended average rents of $8.91/SF. Significant upside in rents and many scheduled increases upon renewal.
Triple frontage with access on Bridge Blvd, Goff Blvd, and Tapia Place with exposure to over 37,000 VPD
3 large pylon signs, much larger than allowed in county zoning
Extensive $2 million dollar plus renovations in the last eight years including extensive video security and surveillance system and electronic full color changeable reader boards)
Seller will consider 1031 Exchange with Indemnification of Seller and Seller’s Broker. Seller will consider Commercial Real Estate Trades – Warehouse, Flex Space, Retail or Service. Seller will consider an REC.
