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6200 Jefferson St NE
Albuquerque, NM 87109
8.75% Cap In-Place | 86.5% occ. | 7 Yr. WALT · Office Property For Sale
Investment Highlights
- Credit tenancy on new & staggered leases. Diverse tenancy with both office & education tenants in-place
- Convenient & centralized location at Jefferson at Osuna with easy access to all quadrants of the city via Interstate 25
- Abundant natural light with stunning views
- New common area & capital improvements include: transformative lobby entrance, locker rooms with showers, interior bike racks and outdoor break area
- Storage with roll-up door & dock high loading
- Within walking distance to abundant amenities including restaurants, banks, hotels, entertainment, retail, walking/biking trails and much more
Executive Summary
CBRE is pleased to present the opportunity to acquire 6200 Jefferson St, a 56,047± square foot, 86.5% leased professional office building with diversified tenancy and 7-Year WALT in Albuquerque, NM.
This premier 3-story professional office is situated in the heart of the highly desirable North I-25 Corridor. The property benefits from its proximity to Interstate 25, providing direct access to all quadrants of the City and easy access throughout the state of New Mexico. 6200 Jefferson has a stable tenancy with three credit tenants and a predictable income stream. Future income growth is achievable given the below market lease rates and limited supply of quality office space in the sub-market. Near term CAPEX has been mitigated by current owner with recent $2M+ investment into the property.
The Albuquerque Metro Area (population 939,316±) features a high quality of life, low cost of business, and an educated workforce. The area’s workforce population is 380,000+ with 37% of the population over the age of 25 holding a Bachelor’s degree or higher. Albuquerque’s affordable cost of living, diverse population, and growing tech sector make it a desirable business location.
This premier 3-story professional office is situated in the heart of the highly desirable North I-25 Corridor. The property benefits from its proximity to Interstate 25, providing direct access to all quadrants of the City and easy access throughout the state of New Mexico. 6200 Jefferson has a stable tenancy with three credit tenants and a predictable income stream. Future income growth is achievable given the below market lease rates and limited supply of quality office space in the sub-market. Near term CAPEX has been mitigated by current owner with recent $2M+ investment into the property.
The Albuquerque Metro Area (population 939,316±) features a high quality of life, low cost of business, and an educated workforce. The area’s workforce population is 380,000+ with 37% of the population over the age of 25 holding a Bachelor’s degree or higher. Albuquerque’s affordable cost of living, diverse population, and growing tech sector make it a desirable business location.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
56,047 SF
Building Class
B
Year Built
1994
Price
$8,699,362
Price Per SF
$155.22
Cap Rate
8.75%
NOI
$761,194
Percent Leased
87%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
18,682 SF
Slab To Slab
12’
Building FAR
0.34
Lot Size
3.79 AC
Opportunity Zone
Yes
Zoning
NR-BP - Non Residential - Business Park
Parking
233 Spaces (4.16 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 1-017-062-363267-4-01-26 | Improvements Assessment | $2,318,141 |
| Land Assessment | $513,209 | Total Assessment | $2,831,350 |
Property Taxes
Parcel Number
1-017-062-363267-4-01-26
Land Assessment
$513,209
Improvements Assessment
$2,318,141
Total Assessment
$2,831,350
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