Trade Winds Shopping Center
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Trade Winds Shopping Center
4 Retail Properties Offered at $2,820,675 CAD in Albuquerque, NM
INVESTMENT HIGHLIGHTS
- Price: $1,950,000
- Proforma Cap Rate: 14.2%
- Proforma NOI : $276,909
- Current Occupancy: 49%
EXECUTIVE SUMMARY
Trade Winds shopping center located near the corner of Central & San Mateo, East of Nob Hill in Albuquerque. The former Trade Winds Motel was redeveloped with the intention of bringing affordable, new retail to the area. Prices are well under comparable lease rates for similar properties in the surrounding area. This highly visible and iconic property has many options for local and national users alike. Currently leased to Torress Birria and Taco Shop, Radiate By McQuitty DMD, and Fiesta Insurance, El Farron Events, come and join the energy!
This center provides a unique opportunity for experienced retail investors to buy a property well under replacement costs, with a large amount of upside potential. When occupancy is increased just to 90%, this center will provide a 14.2% CAP rate at the market rents of $14.00 PSF NNN.
This center provides a unique opportunity for experienced retail investors to buy a property well under replacement costs, with a large amount of upside potential. When occupancy is increased just to 90%, this center will provide a 14.2% CAP rate at the market rents of $14.00 PSF NNN.
PROPERTY FACTS
| Price | $2,820,675 CAD | Number of Properties | 4 |
| Price / SF | $146.50 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.47% | Total Building Size | 19,254 SF |
| Sale Type | Investment | Total Land Area | 6.00 AC |
| Status | Active |
| Price | $2,820,675 CAD |
| Price / SF | $146.50 CAD / SF |
| Cap Rate | 7.47% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 19,254 SF |
| Total Land Area | 6.00 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Bldg C
5400 Central Ave SE, Albuquerque, NM 87108 |
Retail | 5,500 SF | - | - |
|
Bldg B
5400 Central Ave SE, Albuquerque, NM 87108 |
Retail | 5,500 SF | - | - |
|
Bldg A
5400 Central Ave SE, Albuquerque, NM 87108 |
Retail | 2,400 SF | - | - |
|
Bldg D
5400 Central Ave SE, Albuquerque, NM 87108 |
Retail | 5,854 SF | 2015 | - |
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Trade Winds Shopping Center
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