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Old Town Albuquerque Vet Center Investment 2001 Mountain Rd NW 5,526 SF 100% Leased Office Building Albuquerque, NM 87104 $1,401,084 ($253.54/SF) 8.50% Cap Rate
Investment Highlights
- Two tenant office investment with the U.S. Department of Veterans Affairs and Barber Shop
- Great opportunity for investor or owner/user with current leases expiring in 2027
- Beautiful Spanish-style building with well-maintained common areas and parking structure
- Prime Old Town Albuquerque location within Felipe Plaza and adjacent to the Sawmill District
- VA pays rent and majority of operating expenses associated with the investment
Executive Summary
GSA leased property listed at higher cap rate with lease expirations coming up in 2027. Beautiful building, great area and Albuquerque Veterans Center has been in this location for nearly 9 years serving the community.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
5,526 SF
Building Class
B
Year Built
1995
Price
$1,401,084
Price Per SF
$253.54
Cap Rate
8.50%
NOI
$119,092
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,526 SF
Opportunity Zone
Yes
Zoning
MX-M - Mixed Use Moderate Density
Amenities
- Bus Line
- Courtyard
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Monarch
- Services
-
99,999 SF
- -
- -
- Veterans Affairs
- Public Administration
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Monarch | Services | 99,999 SF | - | - | ||
| Veterans Affairs | Public Administration | 99,999 SF | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1-013-058-170421-2-20-06 | Improvements Assessment | $1,775,345 |
| Land Assessment | $535,790 | Total Assessment | $2,311,135 |
Property Taxes
Parcel Number
1-013-058-170421-2-20-06
Land Assessment
$535,790
Improvements Assessment
$1,775,345
Total Assessment
$2,311,135
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Old Town Albuquerque Vet Center Investment | 2001 Mountain Rd NW
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