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3820 Commons Ave NE
Albuquerque, NM 87109

Industrial Property For Sale

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Executive Summary

NNN Lease
3.5+ years on term with 5 year option
Regional credit tenant
Gated access to warehouse with secured parking
Premier location less than one minute from I-25
Quality construction offering 16’ ceilings, & professional store front presence
Below market rental rate in place

PROPERTY FACTS

Sale Type	Investment or Owner User	No. Stories	1
Cap Rate	6%	Year Built	1993
Property Type	Industrial	Tenancy	Single
Property Subtype	Distribution	Parking Ratio	3.59/1,000 SF
Building Class	B	No. Drive In / Grade-Level Doors	2
Lot Size	0.63 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Rentable Building Area	8,902 SF

Sale Type	Investment or Owner User
Cap Rate	6%
Property Type	Industrial
Property Subtype	Distribution
Building Class	B
Lot Size	0.63 AC
Rentable Building Area	8,902 SF
No. Stories	1
Year Built	1993
Tenancy	Single
Parking Ratio	3.59/1,000 SF
No. Drive In / Grade-Level Doors	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Fenced Lot

Signage

PROPERTY TAXES

Parcel Number	1-017-061-049453-2-01-16	Improvements Assessment	$219,299 CAD
Land Assessment	$92,589 CAD	Total Assessment	$311,889 CAD

PROPERTY TAXES

Parcel Number

1-017-061-049453-2-01-16

Land Assessment

$92,589 CAD

Improvements Assessment

$219,299 CAD

Total Assessment

$311,889 CAD

zoning

Zoning Code	NR-BP (Non Residential - Business Park)
NR-BP (Non Residential - Business Park)

Listing ID: 33285922
Date on Market: 2024-09-24
Last Updated:
Address: 3820 Commons Ave NE, Albuquerque, NM 87109

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