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4400-4404 Menaul Blvd NE
Albuquerque, NM 87110
Retail Property For Sale
Investment Highlights
- Multi-Tenant Industrial and Retail Center
- Diverse mix of tenants with staggered rollovers
- Significant traffic counts with excellent visibility
- Long-term, predictable cash flow
- Desirable, Central Location
Executive Summary
Flanagan Investment Real Estate is pleased to offer for sale The
Hill Center, located at 4400 Menaul Blvd NE and 4417 4421 Towner
Ave NE in Albuquerque, NM. The multi-tenant industrial and retail
center is comprised of four buildings in a desirable and central
location. With convenient access to Interstate 40 and the entire
City of Albuquerque, it services a wide trade area.
The approximately +/- 39,030 sq. ft. multi-tenant buildings are
situated on about +/- 2.15 acres with high visibility at the hard
corner of Menaul Blvd and Washington St. The property features
three large pylon signs and building signage. Traffic counts exceed
32,000 cars per day at this intersection.
The Hill Center features a diverse mix of tenants with staggered
rollovers. The property features long tenured tenants with a
history of renewals. In addition, many of the tenants have below
market rents.
This investment benefits from a diverse mix of tenants, high
visibility, and its central location. In addition, The Hill Center
offers significant in-place income with many long tenured tenants
at a price well below replacement cost of only $90/SF. The
attributes listed above, combined with the cash flow and longterm
predictability make this property an opportunity on which an
investor can capitalize.
Hill Center, located at 4400 Menaul Blvd NE and 4417 4421 Towner
Ave NE in Albuquerque, NM. The multi-tenant industrial and retail
center is comprised of four buildings in a desirable and central
location. With convenient access to Interstate 40 and the entire
City of Albuquerque, it services a wide trade area.
The approximately +/- 39,030 sq. ft. multi-tenant buildings are
situated on about +/- 2.15 acres with high visibility at the hard
corner of Menaul Blvd and Washington St. The property features
three large pylon signs and building signage. Traffic counts exceed
32,000 cars per day at this intersection.
The Hill Center features a diverse mix of tenants with staggered
rollovers. The property features long tenured tenants with a
history of renewals. In addition, many of the tenants have below
market rents.
This investment benefits from a diverse mix of tenants, high
visibility, and its central location. In addition, The Hill Center
offers significant in-place income with many long tenured tenants
at a price well below replacement cost of only $90/SF. The
attributes listed above, combined with the cash flow and longterm
predictability make this property an opportunity on which an
investor can capitalize.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
39,030 SF
Building Class
C
Year Built
1961
Price
$4,556,801 CAD
Price Per SF
$116.75 CAD
Cap Rate
8%
NOI
$364,544 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
1.64 AC
Zoning
NR-C - Commercial- Non-Residential
Parking
24 Spaces (0.61 Spaces per 1,000 SF Leased)
Frontage
152’ on Washington St
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 1-017-059-271249-4-11-01 | Improvements Assessment | $756,627 CAD |
| Land Assessment | $201,951 CAD | Total Assessment | $958,578 CAD |
Property Taxes
Parcel Number
1-017-059-271249-4-11-01
Land Assessment
$201,951 CAD
Improvements Assessment
$756,627 CAD
Total Assessment
$958,578 CAD
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