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Browse More Listings in Shopping Center For Sale, Albuquerque, NM or New Mexico

Shopping Center For Sale

Adobe Acres II Shopping Center(Bkr Gets 2.5%)

3765 ISLETA Blvd., Albuquerque, NM 87113

Price:
$3,500,000
Gross Leasable Area:
22,227 SF
Price/SF:
$157.47
Property Type:
Shopping Center
Property Sub-type:
Strip Center
Property Use Type:
Net Lease Investment with 5 years left on lease
Commission Split:
2.5%
Cap Rate:
7.72%
Tenancy:
Multiple
Year Built:
2006
Lot Size:
2.46 AC
Find Out More...

Last Verified 11/9/2009 Listing ID 15072186

Description

NEW CONSTRUCTION completion September 1, 2006
This newly constructed Shopping Center in Albuquerque, New Mexico is just finishing up its lease up. Adobe Acres II Shopping Center is ideally located near a bridge crossing of the Rio Grande River, which bisects the city in half as it run from North to South through the valley. Shopping centers near bridge crossings draw equally well from both sides of the bridge. They enjoy higher then normal traffic counts as vehicles are funneled together to make these river crossings. The center is rented at below market rents for the area, which allows for very stable tenants with little turn over.
" Zoned C-1
" 2.46 Acres
" 22,227 Square feet
" NNN
" $251,000/ Year

Owner Financing To Qualified Purchaser
$1,250,000 down with the balance of $2,000,000 over 30 years @ 8.25% $15,025/mo.

It can be a package of 3 centers .

Financial Summary

Actual
Net Operating Income
$250,900

Map of 3765 ISLETA Blvd., Albuquerque, NM 87113 (Bernalillo County)

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Presented by

Nationwide USA II Inc.

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Contact Listing Broker

Maurice Murphy (714) 849-6266

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Created 4/2/2007

Additional Information for 3765 Isleta Boulevard Sw, Albuquerque, NM 87105

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Shopping Center Property For Sale - Adobe Acres II Shopping Center(Bkr Gets 2.5%)

3765 ISLETA Blvd., Albuquerque, NM, 87113