Joe Azar

Agent/Broker at Metro Commercial Realty, Inc. in Albuquerque, NM

Photo of Agent

Metro Commercial Realty, Inc.

8232 Louisiana Blvd NE Suite C Albuquerque, NM 87113
505-858-1444 [Office]
505-980-1950 [Mobile]
505-858-1448 [Fax]


Career Summary
Joseph began his career in commercial real estate after his graduation from Arizona State University in 1978, where he earned his bachelor’s degree in real estate. His focus was primarily multifamily and he spent the first 25 years of his career helping apartment investors achieve their goals. In 1995 Joseph earned coveted Certified Commercial Investment Member (CCIM) designation which consists of five thirty hour courses and the completion of a resume of transactional history. The CCIM designation is known as the PHD of commercial real estate. Particularly well versed in the area of Section 1031 of the Internal Revenue Code tax-deferred exchanges, Joseph advises clients in all aspects of commercial real estate property sales, investment and leasing. He received the Exchanger of the Year award in 1996 from the Albuquerque Board of Realtors. 1996 was the last year the award was given out. Between 2003 and 2008 Joseph was involved with the development, leasing and sales of 83,400 SF of industrial space in Journal Center II. He started developing apartment buildings in 2012 and in 2017 completed a 26 unit town home project called Indian Ridge. Located at 11910 Menaul Blvd. NE, the 39,596 SF residential development features 2 and 3 bedroom units, garages, granite countertops and pitched roofs. The construction period lasted 10 months but the property was 100% leased before construction was completed. As an owner and developer of investment, apartment and industrial properties, Joseph understands the importance of maximizing earnings potential and creating long term investment strategies. Joseph’s father, Joe Azar, has been an active broker in Albuquerque for over 55 years and his son, Clay, is now actively assisting customers buy, sell and lease commercial real estate. Joseph’s diligent, professional and qualified attributes have contributed to his continued success and will assist him in commercial real estate for many more years to come.

Real Estate Company History
1978-1982: Associate Broker with Joe Azar Corporation Realtors
1982-1991: Associate Broker with the Vaughan Company Commercial Properties
1991-2006: Associate Broker and Vice President with Grubb & Ellis Commercial Real Estate
2006-present: Co-owner, Metro Commercial Realty

Interests
Joseph is an Albuquerque native and can frequently be found hiking in the Sandia Mountains. His passion is backpacking in the Grand Canyon or on the Continental Divide. His other hobbies include golfing, mountain biking, snowboarding, skiing and camping.

Education & Awards
· Licensed New Mexico Associate Broker – 1976
· Bachelor of Science – Real Estate, Arizona State University 1978
· Certified Commercial Investment Member Designation – CCIM 1995
· Exchangor of the Year – ABR 1996


Working in Commercial Real Estate since 1978, Catylist Member since 2003

Property Types

Industrial
Multi-Family

Specializations

Build-To-Suit
Exchange
Investment: Principal
Net Leased Properties
REO

Designations & Certifications

CCIM

Professional Organizations

CCIM
NAIOP

Real Estate Licenses

Real Estate License: 07294E

Professional Licenses

Real Estate Brokerage

Education

Bachelor, Real Estate
Arizona State University 1978


Completed Transactions

3821 Singer Blvd NE
3821 Singer Blvd NE
Sale Completed on 7/3/2014 – Undisclosed

15,040 SF, Industrial (Flex Space, Free-Standing, Manufacturing, Light Industrial, Office Showroom), Albuquerque, NM

Unser and I-40
Unser and I-40
Sale Completed on 7/16/2009 – $2,046,290

5 - 12 Acres, Vacant Land (Industrial, Office, Retail, Retail-Pad), Albuquerque, NM

12 acre site with 800' frontage on I-40.

2415 Southern Blvd.
2415 Southern Blvd.
Sale Completed on 1/10/2007 – $1,690,000

6,900 SF, Retail-Commercial (Free-Standing Building), Rio Rancho, NM

69,000 sf retail building.

261 Rio Rancho Blvd., Unit: HIGHWAY
261 Rio Rancho Blvd., Unit: HIGHWAY
Sale Completed on 10/11/2006 – $2,175,000

368,300 SF, Vacant Land (Hospitality, Office, Retail, Retail-Pad, Self Storage), Albuquerque, NM

8.455 acres vacant land in Rio Rancho on Southern Blvd. next to the Amrep Bldg.

Client: Salas

4101 Masthead NE
4101 Masthead NE
Sale Completed on 3/15/2006 – $2,100,000

29,000 SF, Industrial (Free-Standing, Industrial-Business Park), Albuquerque, NM

New construction, tilt-up distribution facilty, occupied since day of C of O.

Client: JLS

San Miguel Road
San Miguel Road
Sale Completed on 12/1/2003 – $11,100,000

See Agent, Multi-Family (Low-Rise/Garden), Albuquerque, NM

Indian School Road NE
Indian School Road NE
Sale Completed on 12/1/2003 – $11,950,000

166,192 SF, Multi-Family (Mid-Rise), Albuquerque, NM

Summit Apartments

Venice NE
Venice NE
Sale Completed on 8/1/2003 – $1,627,000

20,000 SF, Multi-Family (Mid-Rise), Albuquerque, NM

Ceramic Tile International

Central SE
Central SE
Sale Completed on 4/1/2003 – $2,250,000

See Agent, Special Purpose (Health Care/Medical), Albuquerque, NM

Memorial Hospital

Pan American Frwy. NE
Pan American Frwy. NE
Sale Completed on 3/1/2003 – $1,150,000

20,000 SF, Industrial (Warehouse/Distribution), Albuquerque, NM

Southwest Carpet & Tile

Carlisle SE
Carlisle SE
Sale Completed on 1/1/2003 – $1,135,000

22,000 SF, Multi-Family (Low-Rise/Garden), Albuquerque, NM

Ridgecrest Townhouse Apartments

Tulane NE
Tulane NE
Sale Completed on 12/1/2002 – $1,910,000

1 SF, Multi-Family (Low-Rise/Garden), Albuquerque, NM

Theta Apartments

Alexander Blvd. NE
Alexander Blvd. NE
Sale Completed on 8/1/2001 – $1

105,000 SF, Industrial (Food Processing), Albuquerque, NM

Albuquerque Tortilla Factory


References

Scott Lardner
Rocky Mountain Stone
Albuquerque
Jason Pike
Prime Lending
Albuquerque
Dan Cover
Sandia Laboratory FCU
Albuquerque
Clay Gooden
Star Construction
8912 Adams NE
Alan Fowler
First Mortgage Co,
Albuquerque
Tom Poulin
Five Day Kitchens
Albuquerque
Daniel Mondragon
First Commercial Mgt.
Albuquerque
Steve Collins
Gerald Martin
Albuquerque
Ron Beauchamp
Beauchamp & Co.
Albuquerque
Gary Ross
High Desert Dental
Albuquerque
Bob Pierce
Mutual of Ohama
Albuquerque
Peter Bohan
New York Life Insurance
Albuquerque
Larry Koester
Insurance One
Albuquerque
Larry Griffis
Griffis Co.
Albuquerque
Joe Slagle
slagleherr Architects
Albuquerque
Trenton Stafford
Hunt Development
Albuquerque

Links

File Attachments

File Type BIOGRAPHY — JOSEPH AZAR