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4101 Indian School Rd NE
Albuquerque, NM 87110
Altura Bldg · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Rare opportunity for an owner-user to secure a presence in one of Albuquerque’s most prestigious and supply-constrained submarkets
- +/- 109,504 SF four-story building constructed in 1999
- Underground private parking totaling 131 spaces and storage areas in the basement level, a rarity in the Albuquerque market
- Entire ground floor available for an owner-user starting in September 2026, additional future lease expirations will enable strategic phase occupancy
- Mounted signage facing I-40 with 99,000 VPD - high-visibility signage facing the interstate provides a significant advantage by maximizing brand expos
EXECUTIVE SUMMARY
Institutional Property Advisors (IPA), a division of Marcus & Millichap, and Argus Investment Realty are pleased to offer for sale 4101 Indian School Road NE, Albuquerque, NM (the “Asset” or “Property”). This Asset is a +/- 109,504 SF, multi-tenant office project with prominent frontage along Interstate 40 (I-40) located in one of the most sought after office submarkets in Albuquerque.
This Asset offers a unique value-add opportunity created by a upcoming vacancy on over 1/3 of the building. This creates the potential for repositioning of the vacancy to capitalize on the increasing rental rate environment of Albuquerque’s office market. Alternatively, this opportunity allows an owner-user a phased occupancy in a high quality Asset while collecting in-place cash flow.
This Asset offers a unique value-add opportunity created by a upcoming vacancy on over 1/3 of the building. This creates the potential for repositioning of the vacancy to capitalize on the increasing rental rate environment of Albuquerque’s office market. Alternatively, this opportunity allows an owner-user a phased occupancy in a high quality Asset while collecting in-place cash flow.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
109,504 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1999
Price
$35,132,115 CAD
Price Per SF
$320.83 CAD
Percent Leased
81%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
27,376 SF
Slab To Slab
11’
Building FAR
0.53
Lot Size
4.74 AC
Zoning
SU-1 - Special Use Zone
Parking
313 Spaces (2.86 Spaces per 1,000 SF Leased)
AMENITIES
- Conferencing Facility
- Signage
- Reception
PROPERTY TAXES
| Parcel Number | 1-017-059-150036-3-01-08 | Improvements Assessment | $5,320,146 CAD |
| Land Assessment | $654,026 CAD | Total Assessment | $5,974,172 CAD |
PROPERTY TAXES
Parcel Number
1-017-059-150036-3-01-08
Land Assessment
$654,026 CAD
Improvements Assessment
$5,320,146 CAD
Total Assessment
$5,974,172 CAD
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