- For Sale $9,800,000
- Property Type Industrial - Warehouse/Distribution
- Additional Rent Contact for pricing
- Date Updated Nov 18, 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.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Attachments
False
Contacts
Tom de Jong
Location
Getting Around
-
Walk Score ®
66/100
Somewhat Walkable
-
Transit Score ®
28/100
Some Transit
-
Bike Score ®
64/100
Bikeable
- City Albuquerque, NM
- Neighborhood Del Norte
- Zip Code 87109
- Market Albuquerque
Points of Interest
-
Montaño
2.71 miles
-
Los Ranchos/Journal Center
3.06 miles
-
Sandia Pueblo
4.88 miles
-
Africa Train Station
6.09 miles
-
Asia Train Station
6.22 miles
-
Tingley Station
6.33 miles
-
Aquarium/Garden Station
6.37 miles
-
Bernalillo County/International Sunport
8.67 miles
-
Circle K
0.16 miles
-
Speedway
0.44 miles
-
Maverik
0.54 miles
-
Smith's Gas
1.10 miles
-
Phillips 66
1.13 miles
-
Chevron
1.15 miles
-
Valero
1.21 miles
-
Tesla Supercharger
2.74 miles
-
ChargePoint
4.97 miles
-
North Parking Lot
1.66 miles
-
East Parking
1.68 miles
-
ARC Parking
1.70 miles
-
South Parking
1.71 miles
-
RV Storage
2.60 miles
-
Underground Parking Entry
2.77 miles
-
Park Square Parking Garage
2.83 miles
-
Two Park Square Visitor Parking
2.89 miles
-
Visitors Parking
3.57 miles
-
President's Compound
3.71 miles
-
Mariscos La Playa
0.07 miles
-
Subway
0.10 miles
-
Golden Corral
0.13 miles
-
Thai Street
0.14 miles
-
Pizza Hut
0.16 miles
-
Taco Bell
0.16 miles
-
Sonic
0.26 miles
-
Jersey Mike's Subs
0.26 miles
-
Burger King
0.28 miles
-
Domino's
0.28 miles
-
Sprouts Farmers Market
0.54 miles
-
Burlington
0.55 miles
-
Ross
0.65 miles
-
A-1 Asian Market
0.76 miles
-
Albertsons
0.79 miles
-
Smith's
1.27 miles
-
TJ Maxx
1.35 miles
-
Apna Bazaar
1.38 miles
-
Whole Foods Market
1.68 miles
-
Shamrock Foods Foodservice Warehouse
1.93 miles
-
Fresenius Kidney Care
0.07 miles
-
Precision Medical
0.15 miles
-
Southwest Care Jefferson Clinic
0.56 miles
-
Eye Associates Of New Mexico Retina Center
0.63 miles
-
Lovelace Women's Hopsital
0.71 miles
-
XRANM
0.74 miles
-
Albuquerque Fire Station 15
0.82 miles
-
Presbyterian Medical Group Northside Urgent Care
0.91 miles
-
Presbyterian Medical Group Northside Center
1.04 miles
-
Central Desert Behavioral Health Hospital
1.30 miles
Frequently Asked Questions
How much does SELF STORAGE BUILDING FOR SALE cost?
The space currently listed for sale at SELF STORAGE BUILDING FOR SALE asks for $9,800,000.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
