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 Oct 7, 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. 

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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

  • Tingley Station

    2.82 miles

  • Asia Train Station

    3.33 miles

  • Albuquerque

    3.41 miles

  • Africa Train Station

    3.45 miles

  • Duke City Fueling

    1.39 miles

  • Chevron

    1.42 miles

  • Speedway

    1.56 miles

  • Valero

    1.64 miles

  • Circle K

    1.64 miles

  • Speedway

    1.76 miles

  • ChargePoint

    2.01 miles

  • Love's

    2.04 miles

  • Speedway

    2.28 miles

  • Chevron

    2.33 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

  • Metro Park

    2.77 miles

  • North Parking Lot

    4.07 miles

  • Maxwell Museum Parking

    4.08 miles

  • South Parking

    4.10 miles

  • ARC Parking

    4.10 miles

  • East Parking

    4.11 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

    1.84 miles

  • Econo Lodge Old Town

    2.13 miles

  • Monterey Non-Smokers Motel

    2.16 miles

  • Rodeway Inn Albuquerque

    2.20 miles

  • El Vado Motel

    2.22 miles

  • Bottger Mansion of Old Town

    2.24 miles

  • Econo Lodge West

    2.26 miles

  • El Patio Rio

    0.83 miles

  • Flying Star

    0.96 miles

  • Wendy's

    1.42 miles

  • Arby's

    1.43 miles

  • Range Café

    1.44 miles

  • Pueblo Harvest Cafe

    1.51 miles

  • Perico's Burritos & Tacos

    1.52 miles

  • Laguna Burger

    1.56 miles

  • Weinershnitzel

    1.60 miles

  • Domino's

    1.61 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

  • 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

  • Our Place Learning Center

    5.13 miles

  • Discovery One Child Care

    5.51 miles

  • Eastern Child Development Center

    6.96 miles

  • All Seasons Child Care and Learning Center

    7.47 miles

  • St. Luke Preschool

    7.81 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.

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