Your email has been sent.
214 Menaul Blvd NE 3,633 SF of Industrial Space Available in Albuquerque, NM 87102
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor - B & C | 3,633 SF | Nov 2028 | $15.54 /SF/YR $1.30 /SF/MO $56,457 /YR $4,705 /MO | Triple Net (NNN) |
1st Floor - B & C
This offering presents a rare opportunity to acquire a professionally engineered indoor cultivation facility at approximately 50% of replacement cost, with the majority of capital-intensive infrastructure already installed, commissioned, and proven in operation. For an established operator, this represents a meaningful reduction in time-to-production, construction risk, and upfront capital exposure compared to a ground-up build. At the offered valuation, the acquisition compares favorably with both new construction and retrofit alternatives, while preserving flexibility through optional seller financing and in-kind consideration. This transaction is best suited for an operator who values speed, predictability, and capital efficiency in a regulated production environment. environment.?
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Includes 299 SF of dedicated office space
- Central Air Conditioning
- Security System
- Secure Storage
- Plug & Play
- Turkey Cannabis Cultivation Site
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 214 Menaul Blvd NE, Albuquerque, NM 87102
- Tenant
- Description
- US Locations
- Reach
- Source One Office Furnishings
- Wholesaler
- 1
- -
| Tenant | Description | US Locations | Reach |
| Source One Office Furnishings | Wholesaler | 1 | - |
Property Facts
| Total Space Available | 3,633 SF | Gross Leasable Area | 8,100 SF |
| Property Type | Retail | Year Built/Renovated | 2005/2023 |
| Property Subtype | Freestanding | Parking Ratio | 0.99/1,000 SF |
| Total Space Available | 3,633 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 8,100 SF |
| Year Built/Renovated | 2005/2023 |
| Parking Ratio | 0.99/1,000 SF |
About the Property
Highlights: Asking Price: $375,000, representing 50% of the industry-related infrastructure replacement value ($750,000) *Please note that the "For Sale" price of $375,000 (50% of replacement value) is for the cultivation infrastructure and engineered environmental controls, not the business or the building itself. A detailed Bill of Sale sheet will be provided to serious interested parties. Seller financing is also available Facility Overview: 3,636 sq ft; $4,617.49/month (including NNN); Current Lease Terms valid through November 2028. Power: 600A, 480V service. Rooms: 2 Flower Rooms (one fully operational, one requiring final equipment installation); 2 Auxiliary Grow Rooms; 1 Dedicated Drying Room. Infrastructure: High R-value walk-in cooler panel walls; Floor drains, plumbed RO water, ducted dehumidification, centralized CO2 manifold; Designed for perpetual harvest scheduling. Production Capacity: Approximately 1,280 lbs of cannabis annually; Monthly average: ~108 lbs.; Flower Room 1: ~56 lbs per harvest cycle; Flower Room 2: ~200 lbs per harvest cycle (final equipment pending). Turn-Key Status: Flower Room 1: fully operational with advanced equipment such as Agnetix Zenith LED fixtures, VPD monitoring, and climate control; Flower Room 2: built, wired, plumbed; requires installation of grow lights, racks, and fertigation systems. Infrastructure Highlights: Includes Agnetix liquid-cooled grow lights, HVAC, security systems, dehumidifiers, and engineered environmental controls. Ideal Buyer/Tenant: Existing cultivation operators seeking expansion, redundancy, or rapid deployment without new construction risks. Flexible Deal Structures: Seller financing available for qualified buyers. Partial consideration accepted in indoor flowers or various extracts. Licensing Requirements: Buyer/Tenant must obtain their own New Mexico cannabis license. Facility transfers free of license encumbrances.
- Pylon Sign
Nearby Major Retailers
Presented by
214 Menaul Blvd NE
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.