Homes by Carolyn Fischman

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: 11/25/2019 Last Modified: 4/25/2022

Overview

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.

Listing Details MLS# 958463

Status Change Info

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

Contract Information

List Price/SqFt
115.64

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.
MLS Area Major
101 - Near North Valley
Zone Atlas
G12
Corner Lot
Yes
Shopping Center
Yes

General Property Description

Property Sub-Type
Shopping Center
Living Area
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
Yes
# Parking Spaces
60
Docks
No
Door Height
N/A
Disability Access
Unknown
HVAC
Yes
% Occupied
100
Transaction Type
Sale
# of Docks
0

Income Expenses

Annual Gross Income
259701

Miscellaneous

Land Ownership
Land Owned

More Information

Sales Info

Trade/Xch Considered
No

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
Tax Exemption
Unknown
Tax Annual Amount
17642.86

Construction Materials

Frame
Yes
Stucco
Yes

Cooling

Central Air
Yes
Evaporative Cooling
Yes

Heating

Natural Gas
Yes

Tenant Pays

CAM Charge
Yes
Triple Net
Yes

Income & Expenses

Annual Oper Expenses
112816
Lease Term/Months
Varies

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Property Access

N Property Line
Yes
W Property Line
Yes

Lease Information

Assumable/Assignable
Yes

Parking

On Site
Yes

Docs/Data Available

Existing Leases
Yes

Finance Considered

Cash
Yes
Conventional
Yes
Owner Financing
Yes

Zoning

MX-L*
Yes

Property Features

Location: Corner Lot; Shopping Center; Corner Lot; Shopping Center Construction Materials: Frame; 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: On Site Finance Considered: Cash; Conventional; Owner Financing Zoning: MX-L*
Listing Office: Maddox & Co/REALTORS
Last Updated: April - 25 - 2022
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.

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