Map of Property

The Q @ Bosque Trails

2531 Candelaria Rd NW, Albuquerque, NM 87107

  • For Sale $29,050,000
  • Property Type Multi-Family
  • Property Size 115,608 SF
  • Units 148
  • Lot Size 4.95 Acre
  • Cap Rate % 5.81
  • NOI / YR 1688310.61
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 187
  • Parking Ratio 1.62 / 1,000 SF
  • Year Built 1944
  • Date Updated Nov 11, 2024

Acquisition Pricing Guidance: $29,050,000

 

Price/Unit: $196,283.78

 

June 2024 Pre-Leased Occupancy: 100%

 

July 2024 Advertised Lease Rates: +$40-$100

 

Units: 148

 

1 Bedroom Units: 56 *37.84%

2 Bedroom (1, 1.5 or 2 Bath): 84 *56.76%

3 Bedroom (2 or 2.5 Bath): Units: 8 *5.41%

 

 

Acquisition Investment Highlights

 

Acquisition Cap Rate: 5.81%

Acquisition NOI: $1,688,310.61

Acquisition Pre-Tax Cash-on-Cash Return: 7.19% ($842,642) *Ref. OM & Flyer Acquisition Financing Assumptions

 

 

Pro Forma Investment Highlights.

 

Year-End 2 Pro Forma Cap Rate: 6.48%

Year-End 2 NOI: $1,881,540

Pro Forma Pre-Tax Cash-on-Cash Return: 8.15% ($955,493.45)

Year-End 5 Valuation at a 5.80% Cap Rate: $35,203,939

Year-End 5 Projected Value Appreciation: 21.22%

Pro Forma Pre-Tax IRR: 16.56% *5-Year Hold *Ref. OM & Flyer Acquisition Financing Assumptions.

Pro Forma After-Tax IRR: 12.91% *5-Year Hold. *Assumed 35% Ordinary Income Tax Rate; Taxable Income Reductions Captures: Cost-Recovery (Depreciation), Loan Interest & Loan Cost Amortization. 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Sarah Raboff Is this you?

NAI SunVista

broker

Luke Scarpa Is this you?

NAI SunVista

Location

Getting Around

  • Walk Score ®

    20/100 Car-Dependent

  • Transit Score ®

    15/100 Minimal Transit

  • Bike Score ®

    67/100 Bikeable
Powered by Walk Score ®
  • City Albuquerque, NM
  • Neighborhood Alvarado Gardens
  • Zip Code 87107
  • Market Albuquerque

Points of Interest

  • Aquarium/Garden Station

    2.39 miles

  • Montaño

    2.61 miles

  • Tingley Station

    2.82 miles

  • Asia Train Station

    3.33 miles

  • Africa Train Station

    3.45 miles

  • Los Ranchos/Journal Center

    4.82 miles

  • Bernalillo County/International Sunport

    6.74 miles

  • Sandia Pueblo

    7.35 miles

  • Chevron

    1.42 miles

  • Speedway

    1.56 miles

  • Valero

    1.64 miles

  • Circle K

    1.64 miles

  • ChargePoint

    2.01 miles

  • Love's

    2.04 miles

  • VP

    2.13 miles

  • Smith's

    2.23 miles

  • Tesla Supercharger

    3.83 miles

  • Bosque School Middle School Parking Lot

    1.34 miles

  • Bosque School Visitor Parking

    1.36 miles

  • Bosque School Main Parking Lot

    1.42 miles

  • Bosque Parking Lot

    1.54 miles

  • Old Town Plaza Verde Parking

    2.21 miles

  • Metro Park

    2.77 miles

  • Bank of the West Center Garage

    2.94 miles

  • Albuquerque Plaza Office & Hotel

    3.18 miles

  • Convention Parking

    3.26 miles

  • New Mexico Bank & Trust Parking

    3.34 miles

  • Best Western Plus Rio Grande Inn

    1.57 miles

  • TownePlace Suites Albuquerque Old Town

    1.60 miles

  • Holiday Inn Express & Suites

    1.62 miles

  • Hotel Chaco

    1.86 miles

  • Hotel Albuquerque

    1.86 miles

  • Econo Lodge Old Town

    2.11 miles

  • Painted Lady Bed & Brew

    2.13 miles

  • Comfort Inn & Suites

    2.16 miles

  • El Don Motel

    2.17 miles

  • Monterey Motel

    2.17 miles

  • El Patio Rio

    0.83 miles

  • Flying Star

    0.96 miles

  • Chipotle

    1.40 miles

  • Wendy's

    1.42 miles

  • Arby's

    1.43 miles

  • Chick-fil-A

    1.44 miles

  • Range Café

    1.44 miles

  • Panera Bread

    1.45 miles

  • Twisters

    1.46 miles

  • Blake's Lotaburger

    1.46 miles

  • Griegos Elementary School

    0.75 miles

  • Valley High School

    0.92 miles

  • Cochiti Elementary School

    1.02 miles

  • Duranes Elementary School

    1.06 miles

  • Montessori of the Rio Grande Charter School

    1.10 miles

  • Bosque School

    1.29 miles

  • Saint Pius X High School

    1.29 miles

  • United States Job Corps School

    1.47 miles

  • United States Indian School

    1.55 miles

  • MacArthur Elementary School

    1.66 miles

  • Le Petite Academy

    2.85 miles

  • YDI SIPI

    3.49 miles

  • Child Care Center

    3.57 miles

  • Centro de Amor YDI Head Start Academy

    3.59 miles

  • The Little Gym

    3.60 miles

  • Little Big Foot Day School

    4.06 miles

  • Child Development Center

    4.22 miles

  • Steps Ahead Learning Center

    4.41 miles

  • Wildflowers Day Nursery

    4.87 miles

  • Serendipity Day School

    4.97 miles

Frequently Asked Questions

How much does The Q @ Bosque Trails cost?

The space currently listed for sale at The Q @ Bosque Trails asks for $29,050,000.

What is the total square footage of The Q @ Bosque Trails?

The Q @ Bosque Trails totals 115,608 square feet.

When was this property built?

The Q @ Bosque Trails was built in 1944.

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.

Contact The Q @ Bosque Trails