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CASHFLOWING INDUSTRIAL PROPERTY FOR SALE
1823 Commercial St NE suite d, Albuquerque, NM 87102
Available Now
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FOR SALEIndustrial / Distribution
Cap Rate
8.34%
NOI
$44,711
Building Size
4,961SF
Ceiling Height / Slab to Slab
16 Ft
Lot Size
2.37AC
Zoning
NR-LM
Listing Contacts
More property details
APN
101405942002640719
Occupancy
100%
Tenancy
Multi Tenant
Currently Leased
No
Investment
Stabilized
Broker Co-op
Yes
Net Rentable
4,961SF
Units
1
Location
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CASHFLOWING INDUSTRIAL PROPERTY FOR SALE
About the location
Flexible Industrial/Flex Space for Investment or Owner-Occupancy.
1823 Commercial St NE presents a unique chance to acquire or lease well-equipped industrial suites in a prime, central Albuquerque location. Ideal for investors seeking income-generating properties or businesses looking for their own space, this property offers adaptable layouts, convenient access, and versatile functionality to meet diverse needs.
Location highlights
- Suite A offers 8,096 square feet priced at $874,368, or $108 per square foot, making it suitable for either owner-occupiers or investors. Suite D spans 4,961 square feet and is listed at $535,788 ($108 per square foot), featuring an 8% cap rate with a tenant secured through May 1, 2028. This suite generates an annual income of $44,711 ($3,725 per month) plus NNN charges. Suite A is also available for lease at $9.00 per square foot plus NNN, with immediate occupancy. Additionally, Suite B provides 9,593 square feet for lease at $9.00 per square foot plus NNN, currently occupied by a tenant requiring a 60-day notice to vacate.