Albuquerque Moving and Storage

5001 Paseo Del Norte NE Albuquerque , NM 87113-1507

Albuquerque Moving and Storage - Industrial for sale

Download Offering Memorandum

Overview


JLL and Argus Investment Realty are pleased to offer for sale a single tenant net leased industrial asset leased to Albuquerque Moving & Storage. The Property is located at the busy intersection of Interstate 25 and Paseo Del Norte Blvd (NM-423) in Albuquerque, New Mexico. The Property also includes land for trailer parking and an income producing billboard with excellent highway visibility.

Investment Highlights


• Absolute triple-net lease with annual increases
• Highly visible and well-functioning building Ten years initial term, plus options
• Annual increases
• Well-established and profitable business
• Includes long-term leased billboard with highway visibility
• Opportunity Zone location
General
Property Type Industrial
Property Subtype Distribution / Warehouse
Tenure Type Sale / Purchase
Property Address 5001 Paseo Del Norte NE, Albuquerque, NM 87113-1507
Land In Acres 6
Building Size 83,776  ft2
Financial
Price $7,030,000
Cap Rate 7.00%
Current NOI $492,000.00
Lease

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