2400 RIO GRANDE Boulevard NW, Albuquerque, NM 87104 (MLS# 958463)

2400 RIO GRANDE Boulevard NW, Albuquerque, NM 87104

$1,950,000
Property Type: Commercial Sale Square Footage: 16,863 Lot Size (sq. ft.): 58,588 Status: Closed
Current Price: $1,950,000 List Date: 4/01/2021 Last Modified: 4/25/2022

Description

Iconic North Valley Neighborhood Center- 1 mile North of I-40 at Matthew Road NW. Anchored by La Montanita Coop for 20 years. Shadow anchored by Master Cleaners 30 years & Subway 16 years. 100% occupied & a consistent income producer for 31 years. Lease structure has embedded value. Strong North Valley sub-market traffic & the lowest vacancy rate in Albuquerque metro. Signalized intersection, ingress & egress on both Rio Grande & Matthew & tenant diversity all contribute to consistent strong center traffic.

More Information MLS# 958463

Status Change Info

Pending Date: 2021-04-03 Closing Date: 2021-04-16

Contract Information

Listing Price: 1950000 Current Price: $1,950,000 List Price/SqFt: 115.64 Status: Closed

Location

Street #: 2400 Street Name: RIO GRANDE St Suffix: Boulevard Post Direction: NW County: Bernalillo City/Town Code: Albuquerque State/Province: NM Zip Code: 87104 Zip +4: 3240 Directions: From Indian School & Rio Grande drive North to Matthew. Property is on the South East corner of Rio Grande & Matthew. Geo Lat: 35.117963 Geo Lon: -106.674914 Area: 101 - Near North Valley Zone Atlas: G12

General Property Description

Property Sub-Type: Shopping Center Apx Structured SqFt: 16863 SqFt Source: Floorplan Acres: 1.35 Lot SqFt: 58588.2 Apx Lot Dim Front: 200 Apx Lot Dim Side: 200 Lot Size Source: On-Line Flood Zone: X Total # Stories: 1 # Parking Spaces: 60 Docks: No Door Height: N/A Disability Access: Unknown HVAC: Yes % Occupied: 100 Transaction Type: Sale

Tax & Legal Info

UPC Code: 101206051405440507 Short Legal Desc: LOT 32-C-1 ALVARADO GARDENS ADDN CONT 1.345 AC M/L / 58,588 SQ FT M/L GRT Code: 02-100 Current Taxes: 17642.86 Tax Exemption: Unknown

Income & Expenses

Annual Oper Expenses: 112816 Annual Gross Income: 259701 Lease Term/Months: Varies

Miscellaneous

Land Ownership: Land Owned

Sales Info

Trade/Xch Considered: No

Property Features

Location: Corner Lot; Shopping Center; Corner Lot; Shopping Center Construction: Frame Exterior Material: Stucco Property Access: N Property Line; W Property Line Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Heating: Natural Gas Cooling: Central Air; Evaporative Cooling Tenant Pays: CAM Charge; Triple Net Lease Information: Assumable/Assignable Parking: Onsite Docs/Data Available: Existing Leases Finance Considered: Cash; Conventional; Owner Financing Zoning: MX-L*
Listing Office: Maddox & Co/REALTORS
Last Updated: April - 25 - 2022

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