8000 Bluewater Rd NW | Albuquerque, NM 87121
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8000 Bluewater Rd NW
Albuquerque, NM 87121
Industrial Property For Sale
Investment Highlights
- Varied unit sizes capture the sweet spot of the market and allow for growth within the parks, leading to higher tenant retention.
- Shorter lease terms create the ability to access the strong market rent growth.
- Strong industrial market dynamics as demonstrated by a 2.5% vacancy rate.
- Diversified rent rolls limit property owners’ exposure to secular downturns in any one industry.
- Multiple tenants create stable occupancy and reduce cash flow volatility.
- Steady demand and a slowing construction pipeline will continue to tightened vacancy rates and drive rent growth over the next few quarters.
Executive Summary
Offers Due 10/24/24:
CBRE, Inc., as an exclusive broker, is pleased to offer for sale Sandia Distribution Center (the “Property”), a multi-tenant property totaling
201,720 SF, strategically located in the West Mesa submarket of the Albuquerque industrial market.
The West Mesa submarket boasts a vacancy rate of 0.8%, outpacing the greater Albuquerque market. This is a unique opportunity to
acquire an institutional quality asset that is 100% leased to 6 quality tenants across a diverse range of industries.
The Property is simultaneously being offered as part of a larger portfolio consisting of 12 properties and 28 buildings, totaling 2.25 MSF across Arizona, Utah, Nevada and New Mexico.
CBRE, Inc., as an exclusive broker, is pleased to offer for sale Sandia Distribution Center (the “Property”), a multi-tenant property totaling
201,720 SF, strategically located in the West Mesa submarket of the Albuquerque industrial market.
The West Mesa submarket boasts a vacancy rate of 0.8%, outpacing the greater Albuquerque market. This is a unique opportunity to
acquire an institutional quality asset that is 100% leased to 6 quality tenants across a diverse range of industries.
The Property is simultaneously being offered as part of a larger portfolio consisting of 12 properties and 28 buildings, totaling 2.25 MSF across Arizona, Utah, Nevada and New Mexico.
PROPERTY FACTS
| Sale Type | Investment NNN | Year Built | 2000 |
| Property Type | Industrial | Parking Ratio | 1.52/1,000 SF |
| Property Subtype | Distribution | Clear Ceiling Height | 24 ft |
| Building Class | B | No. Dock-High Doors/Loading | 47 |
| Lot Size | 15.12 AC | No. Drive In / Grade-Level Doors | 8 |
| Rentable Building Area | 201,720 SF | Opportunity Zone |
Yes
|
| No. Stories | 1 |
| Sale Type | Investment NNN |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 15.12 AC |
| Rentable Building Area | 201,720 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Parking Ratio | 1.52/1,000 SF |
| Clear Ceiling Height | 24 ft |
| No. Dock-High Doors/Loading | 47 |
| No. Drive In / Grade-Level Doors | 8 |
| Opportunity Zone |
Yes |
Amenities
- Fluorescent Lighting
Utilities
- Water
- Sewer
PROPERTY TAXES
| Parcel Number | 1-010-057-152327-2-04-30 | Improvements Assessment | $3,204,645 CAD |
| Land Assessment | $649,378 CAD | Total Assessment | $3,854,023 CAD |
PROPERTY TAXES
Parcel Number
1-010-057-152327-2-04-30
Land Assessment
$649,378 CAD
Improvements Assessment
$3,204,645 CAD
Total Assessment
$3,854,023 CAD
zoning
| Zoning Code | NR-BP (https://documents.cabq.gov/planning/agis/IDO/UseTables/AllowableUses-NR-BP.pdf) |
| NR-BP (https://documents.cabq.gov/planning/agis/IDO/UseTables/AllowableUses-NR-BP.pdf) |
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