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Listed by Berkshire Hathaway NM Prop
$ 1,217,200
Est. payment /mo
New
7900 Lorraine CT NE #STE E Albuquerque, NM 87113
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1113436
HOA Y/N No
Annual Tax Amount $2,798
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions Other
Property Sub-Type Mixed Use
Property Description
OWNER-USER PATH: Occupy Suite F and let Suite E's in-place NNN rent cover approximately 56% of the loan payment. The estimated net ownership cost is $3,301 per month, which is less than leasing one suite at $13.50/SF NNN, or approximately $3,423 per month--while gaining ownership of both suites. The owner-user can then expand into Suite E when its lease rolls.Two adjoining, fully renovated office/warehouse condominiums offered together as one package. Suite E is leased to an in-place NNN tenant, while Suite F is vacant and move-in ready.An owner-user can occupy Suite F, allow Suite E's rent to offset the cost of ownership, and expand into Suite E when its lease rolls. An investor can lease Suite F and hold both suites as a stabilized NNN asset.Each suite features a two-level office, high-ceiling warehouse, drive-in door, heavy 3-phase power, and its own gated, paved yard. The property is located less than one mile from Paseo del Norte and I-25, within one of Albuquerque's highest-occupancy, lowest-crime business corridors.INVESTOR PATH: Lease Suite F at the $13.50/SF NNN asking rate and hold both suites as a stabilized NNN investment with a 7.56% pro forma cap rate.
Location
State NM
County Bernalillo
Area 100 - North Valley
Interior
Heating Ductless, Natural Gas
Cooling Ductless, Evaporative Cooling
Fireplace No
Exterior
Parking Features Guest, On Site
Fence Fenced
Utilities Available Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
Accessibility None
Total Parking Spaces 6
Building
Story 2
Others
Tax ID 101706317347920201AE
Acceptable Financing Lease Option, Owner May Carry
Listing Terms Lease Option, Owner May Carry
