- For Sale $9,800,000
- Property Type Industrial - Warehouse/Distribution
- Date Updated Mar 22, 2024
Sale Note
Colliers’ de Jong | Becher team has been retained as the exclusive advisor by the ownership to offer for sale the property located at 5220 San Mateo Blvd NE in Albuquerque, New Mexico. The property is fully stabilized self-storage asset built in 1974/1975 with 53,201 net rentable square feet in 415 units. This 3rd party managed facility will be delivered on an as-is, where-is basis and has consistently maintained +/- 97% occupancy at a weighted average rental rate of $1.21 (storage). Market rents in the area are reported by Yardi Matrix as $1.78/SF, giving the buyer ample room to raise rents. In-place income for the first five months of 2022 were reported by the ownership at $169,221 for an annualized NOI estimate of $406,130 and the property is offered for sale at $9,800,000 or a 4.41% CAP rate on projected year one NOI of $432,006.
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Contacts
Jacob Becher
Tom de Jong
Location
Getting Around
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Walk Score ®
Somewhat Walkable (66) -
Transit Score ®
Some Transit (30) -
Bike Score ®
Bikeable (64)
- City Albuquerque, NM
- Neighborhood Del Norte
- Zip Code 87109
- Market Albuquerque
Points of Interest
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Montaño
2.71 miles
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Los Ranchos/Journal Center
3.06 miles
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Subway
4.10 miles
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Sandia Pueblo
4.88 miles
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Albuquerque
5.32 miles
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Africa Train Station
6.09 miles
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Asia Train Station
6.22 miles
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Tingley Station
6.33 miles
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Aquarium/Garden Station
6.37 miles
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Bernalillo County/International Sunport
8.67 miles
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Speedway
0.32 miles
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Speedway
0.44 miles
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Circle K
0.49 miles
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Maverik
0.54 miles
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Chevron
0.67 miles
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Speedway
0.73 miles
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Phillips 66
1.13 miles
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Phillips 66
1.18 miles
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Valero
1.21 miles
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7-Eleven
1.40 miles
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North Parking Lot
1.66 miles
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East Parking
1.68 miles
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ARC Parking
1.70 miles
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South Parking
1.71 miles
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RV Storage
2.60 miles
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Underground Parking Entry
2.77 miles
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Visitors Parking
3.57 miles
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President's Compound
3.71 miles
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UNMH Parking Garage
4.10 miles
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Lomas Parking Structure
4.15 miles
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Sprouts Farmers Market
0.54 miles
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Burlington
0.55 miles
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Ross
0.65 miles
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Albertsons
0.79 miles
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Smith's
1.27 miles
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TJ Maxx
1.35 miles
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Apna Bazaar
1.38 miles
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Whole Foods Market
1.68 miles
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Albertsons
1.92 miles
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Shamrock Foods Foodservice Warehouse
1.93 miles