Homes by Carolyn Fischman

7801 Louisiana Boulevard NE, Albuquerque, NM 87109 (MLS# 1001803)

7801 Louisiana Boulevard NE, Albuquerque, NM 87109

$4,250,000
Property Type: Commercial Sale Square Footage: 40,036 Lot Size (sq. ft.): 70,567 Status: Closed
Current Price: $4,250,000 List Date: 9/27/2021 Last Modified: 5/16/2022

Overview

Description

Multiple offers in hand, in best and final round that closes Wednesday 12pm 283 minstorage units in North I25 submarket. Located just east of the North I-25 corridor and just south of the booming Paseo del Norte Retail corridor and surrounded by thousands of new apartment units, this facility is well positioned to expand its services to retailers, apartment renters or businesses. A core asset, with high occupancy, and a customer base that stayed with a recent rent increase, the rents in this community are below market and the ability to enhance income with revenue share models for insurance, and expansion of the selling more moving products makes this a value add asset as well. The facility has an onsite residence, office, is gated, with 50% of the units cooled by evaporative

Listing Details MLS# 1001803

Status Change Info

Pending Date
2021-11-30
Closing Date
2022-05-16

Contract Information

List Price/SqFt
106.15

Location

Street #
7801
Street Name
Louisiana
St Suffix
Boulevard
Post Direction
NE
County
Bernalillo
City/Town Code
Albuquerque
State/Province
NM
Zip Code
87109
Zip +4
5642
Directions
From I-25 and Paseo del Norte - east to Louisiana, south to property
MLS Area Major
32 - Academy West
Zone Atlas
D18

General Property Description

Property Sub-Type
Other
Living Area
40036
Acres
1.62
Lot SqFt
70567.2
Apx Lot Dim Front
400
Apx Lot Dim Side
295
Addl Lot Dim
rough dimentions
Lot Description
Rectengular
Lot Size Source
On-Line
Flood Zone
X
Total # Stories
Yes
Ceiling Height Range
16
# Parking Spaces
3
Docks
No
Door Height
8
Disability Access
Unknown
HVAC
Yes
% Occupied
100
Transaction Type
Business Included

Income Expenses

Annual Gross Income
349259

Miscellaneous

Land Ownership
Land Owned

More Information

Sales Info

Trade/Xch Considered
No

Property Features

Location: Corner Lot; Corner Lot Construction Materials: Metal Siding Utilities: Electricity Connected; Phone Connected; Sewer Connected; Water Connected Heating: Other Cooling: Evaporative Cooling Lease Information: Other - See Remarks Finance Considered: Conventional Zoning: MX-L*
Listing Office: NM Apartment Advisors, Inc.
Last Updated: May - 16 - 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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