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502 General Chennault St SE
Albuquerque, NM 87123
Industrial Property For Sale
EXECUTIVE SUMMARY
• 3 years, 4 months remaining (as of 11/1/2025) on initial lease term with a 3-year option to extend
• Large paved, fenced and gated ±1.7 acre lot
• Less than 5 minutes from Kirtland AFB, I-40, and ABQ International Airport
• 16’ - 22’ ceiling heights
• 1,600 amps of 3-phase power (208V & 480V)
• 4 - 18’ x 16’ drive-in doors
• Fully sprinklered
• 5% vacancy rate included in NOI
• Large paved, fenced and gated ±1.7 acre lot
• Less than 5 minutes from Kirtland AFB, I-40, and ABQ International Airport
• 16’ - 22’ ceiling heights
• 1,600 amps of 3-phase power (208V & 480V)
• 4 - 18’ x 16’ drive-in doors
• Fully sprinklered
• 5% vacancy rate included in NOI
PROPERTY FACTS
| Sale Type | Investment NNN | Rentable Building Area | 32,923 SF |
| Cap Rate | 7.48% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1975 |
| Property Subtype | Manufacturing | Tenancy | Single |
| Building Class | C | Clear Ceiling Height | 16’ |
| Lot Size | 1.72 AC | No. Drive In / Grade-Level Doors | 4 |
| Zoning | NR-C - Non-Residential/Commercial | ||
| Sale Type | Investment NNN |
| Cap Rate | 7.48% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.72 AC |
| Rentable Building Area | 32,923 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Tenancy | Single |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | NR-C - Non-Residential/Commercial |
AMENITIES
- 24 Hour Access
- Signage
UTILITIES
- Water
- Sewer
PROPERTY TAXES
| Parcel Number | 1-020-056-195388-2-03-05 | Improvements Assessment | $1,184,392 CAD |
| Land Assessment | $74,275 CAD | Total Assessment | $1,258,667 CAD |
PROPERTY TAXES
Parcel Number
1-020-056-195388-2-03-05
Land Assessment
$74,275 CAD
Improvements Assessment
$1,184,392 CAD
Total Assessment
$1,258,667 CAD
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