220 98th St NW - Freestanding FOR SALE
Albuquerque, NM 87121 |
$5,948,672 USD
858-373-3184
220 98th St NW
Albuquerque, NM 87121
HIGHLIGHTS
- 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Caliber Collision is the Nation’s Largest Collision Repair provider, with more than 1,700 Convenient Locations in 40 States - and Growing.
- Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
- Densely Populated Area: Features 160k+ People Residing w/in a 5-Mile Radius. Located in One of the Fastest Growing Segment of the Albuquerque MSA.
- Near Westpointe 40 - a 90-Acre Development at I-40 and 98th, offering Warehousing, Interstate Access, on-site Utilities, and more.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
OVERVIEW
Brand New 2025 Construction | Located near Albuquerque’s Southeast Industrial Hub | Densely Populated Area | Near Westpointe 40 - 90-Acre Mixed-Use Development | Qualifies for Accelerated Depreciation | Recession-Resistant Concept
New Mexico Broker of Record: Ryan Sarbinoff | Regional Manager, Phoenix 5600 Eubank Blvd. NE, #200 Albuquerque, NM 87111 | P: 505-445-6333 | Lic #: 20675 | Ryan.Sarbinoff@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$5,948,672 USD
PRICE/SF
$369 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CALIBER COLLISION | 15 YR ABSOLUTE NET LEASE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Auto Repair, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.5 AC
LAND SF
108,900 SF
ZONING
-
APN/PARCEL ID
-
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858-373-3184
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858-373-3184
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