Active For Sale Investment

$234K Price Reduction! Now 8.50% Cap Rate! 100% Occupied Multi-Tenant Retail and Industrial

4711 Lomas Blvd NE, Albuquerque, NM, 87110

ID 302e7c86

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Overview

100% occupied multi-tenant mixed use building with oversized parking lot. 34 private parking spaces with new striping and sealcoat on the entire parking lot. 5 tenants including Farmer's Insurance Agency and New Mexico State Licensed Cannabis Licensee for retail/manufacturing/packaging/administrative offices. Headquarters for Leaf & Flower Cannabis. All leases are NNN except for the smallest lease, so minimal expenses for the landlord. Excellent visibility and high traffic counts plus free standing monument sign and multiple ingress/egress points. Very nice interior improvements and very well maintained. New TPO roof throughout. Owner/Broker.

Additional Information

City: Albuquerque
State: NM
Zip Code: 87110
Primary Uses: Investment
Zoning: MX-M
Building Name: Farmers Insurance / Leaf & Flower

Floors: 1
Parking Ratio: 4.1
Parking Spaces: 34
Tenant: Multiple
NOI: $148,875
Average Occupancy Rate: 100%