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2024 5th St NW
Albuquerque, NM 87102
Industrial Property For Sale
Investment Highlights
- Fully leased two-building property with office and warehouse components.
- Zoned for non-residential light manufacturing, allowing versatile usage.
- Lease structure includes annual CPI increases and renewal options supporting long-term stability.
- Located off 6th Street, delivering immediate access to Interstate 40.
- Secure yard, ample parking, and central urban positioning enhance functionality.
- Positioned in an established industrial district near significant transportation infrastructure.
Executive Summary
This offering presents a fully leased, two-building investment property located near the intersection of 6th Street and I-40 in Albuquerque’s core industrial corridor. With strong connectivity to major transportation routes including I-40 and I-25, the property benefits from exceptional accessibility across the metropolitan area. Zoned NR-LM for non-residential light manufacturing, the site supports a wide range of long-term industrial and commercial uses.
The property spans approximately 16,289 SF across an office building and warehouse setup, complemented by a fenced, secure yard and ample on-site parking. It delivers predictable cash flow with a 7.5% capitalization rate and annual CPI-adjusted rent increases. The tenant commitment extends through December 2029, reinforced by two five-year renewal options, offering stable income performance. This investment aligns with owner objectives seeking durable returns with low vacancy risk in a highly functional central Albuquerque location.
The property spans approximately 16,289 SF across an office building and warehouse setup, complemented by a fenced, secure yard and ample on-site parking. It delivers predictable cash flow with a 7.5% capitalization rate and annual CPI-adjusted rent increases. The tenant commitment extends through December 2029, reinforced by two five-year renewal options, offering stable income performance. This investment aligns with owner objectives seeking durable returns with low vacancy risk in a highly functional central Albuquerque location.
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.50% | Year Built | 1957 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.33/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 7 |
| Lot Size | 2.04 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 16,508 SF | ||
| Zoning | MX-M - Mixed Use, Manufacturing | ||
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.04 AC |
| Rentable Building Area | 16,508 SF |
| No. Stories | 1 |
| Year Built | 1957 |
| Tenancy | Single |
| Parking Ratio | 1.33/1,000 SF |
| No. Drive In / Grade-Level Doors | 7 |
| Opportunity Zone |
Yes |
| Zoning | MX-M - Mixed Use, Manufacturing |
Amenities
- Fenced Lot
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $378,319 CAD | |
| Land Assessment | $77,059 CAD | Total Assessment | $455,377 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$77,059 CAD
Improvements Assessment
$378,319 CAD
Total Assessment
$455,377 CAD
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