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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
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.