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8008 Menaul Blvd NE 2,595 SF Office Building Albuquerque, NM 87110 $895,721 CAD ($345.17 CAD/SF) 7.50% Cap Rate
Investment Highlights
- 3% Annual Rent Increases
- 10 Year Lease
- Owner had multiple locations for sale throughout NM and another in Eugene Oregon
- Single Tenant - Net Leased Medical
- Multiple Locations throughout Southwest
Executive Summary
Absolute Investment Realty is pleased to present this opportunity to acquire a rare, single-tenant net leased medical investment property located in the highly desirable city of Albuquerque, New Mexico. Albuquerque is a vibrant destination known for its rich culture, scenic desert landscapes, and its growing tech sector which includes a strong military and aerospace presence. ?
The property is located on Menaul Boulevard, a central Albuquerque corridor with strong commercial activity and accessibility. Net leased investment real estate is limited, making this an attractive opportunity for investors seeking a well-positioned asset in a highly desirable location.?
?With continuous growth in Albuquerque and New Mexico as a whole, this established net leased medical property, makes it a great long-term investment opportunity.?
The owner has multiple other locations available for sale in Eugene Oregon and Throughout New Mexico, inquire with Broker for more information.
The property is located on Menaul Boulevard, a central Albuquerque corridor with strong commercial activity and accessibility. Net leased investment real estate is limited, making this an attractive opportunity for investors seeking a well-positioned asset in a highly desirable location.?
?With continuous growth in Albuquerque and New Mexico as a whole, this established net leased medical property, makes it a great long-term investment opportunity.?
The owner has multiple other locations available for sale in Eugene Oregon and Throughout New Mexico, inquire with Broker for more information.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,595 SF
Building Class
C
Year Built
1981
Price
$895,721 CAD
Price Per SF
$345.17 CAD
Cap Rate
7.50%
NOI
$67,179 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,595 SF
Building FAR
0.31
Lot Size
0.19 AC
Zoning
MX-T - Mixed Use Transisiton
Parking
8 Spaces (3.08 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1-019-059-396255-4-31-18 | Improvements Assessment | $103,477 CAD |
| Land Assessment | $36,729 CAD | Total Assessment | $140,206 CAD |
Property Taxes
Parcel Number
1-019-059-396255-4-31-18
Land Assessment
$36,729 CAD
Improvements Assessment
$103,477 CAD
Total Assessment
$140,206 CAD
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8008 Menaul Blvd NE
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