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8.75% Cap In-Place | 86.5% occ. | 7 Yr. WALT 6200 Jefferson St NE 56,047 SF 87% Leased Office Building Albuquerque, NM 87109 $8,699,362 ($155.22/SF) 8.75% Cap Rate
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
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
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Public Administration
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$9.99
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Lorem Ipsum
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Jan 0000
Whether it is regulating national banks, determining international economic policy, collecting income and excise taxes, issuing securities, reporting the government's daily financial transactions, or manufacturing coins or bills for circulation, the one concern that still ties together the activities of the Department of the Treasury is money. Though formally established as an executive department by the First Session of Congress in 1789, many functions of the Department of the Treasury were being carried out even before the signing of the Declaration of Independence thirteen years earlier. Over the decades, the functions of the Department have expanded and grown more sophisticated to meet the needs of a developing nation. Today, the Department of the Treasury remains the premier financial institution of the United States with a full-time agenda of accounting, revenue collection, money production, and economic policy formulation.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Premier 3-story professional office in the heart of the highly desirable North I-25 Corridor. Contact broker for details.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 220 | 1,615-7,585 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 220
| Size |
| 1,615-7,585 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 220
| Size | 1,615-7,585 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Premier 3-story professional office in the heart of the highly desirable North I-25 Corridor. Contact broker for details.
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
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8.75% Cap In-Place | 86.5% occ. | 7 Yr. WALT | 6200 Jefferson St NE
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