Venice Business Park

Industrial for Sale
Catylist Listing ID: 29967963
Property Subtypes: Industrial-Business Park, Office Showroom, Other, General
Condo? Yes
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Sale Price: $319,000
Property Use Type: Investment
Building Name: 5620 Venice Ave NE
Sale Terms: Cash to Seller
Cap Rate: 7.03%
Last Updated: 11/26/2018

Overview / Comments

Great single tenant investment opportunity.

Tenant Personally Guaranteed!

2 year lease (expires February 28, 2019)

Part of the Venice Condo Association (Cost Control on big ticket items).

Zoning: IP (Industrial Park) City of Albuquerque

• 18’ Clear Height.
• Two 10’ x 12’ Grade Level O/H Doors.
• Fenced Yard (approx. 20’ x 30’).
• Association Dues $125/month (Includes: Water, Sewer, Trash, and CAM.)

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Tax ID/APN: ABQ10736
Is Condo?: Yes
Zoning: NR-LM - Non-residential: Light Manufacturing
Tenancy: Single Tenant
Number of Stories: 1
Property Condition: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,769 54,782 182,920
Median Age: 36.19 42.58 41.46
Households: 1,024 22,637 79,257
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