Trade Winds Shopping Center Retail FOR SALE


Albuquerque, NM
$2,500,000 USD
505-337-0777
, Albuquerque, NM for Sale
$2,500,000 USD
Retail - FOR SALE
1/11
null | 4.9% Cap Rate

Trade Winds Shopping Center
Albuquerque, NM


HIGHLIGHTS

  • Price: $2,300,000
  • Proforma NOI : $224,833.47
  • Proforma Cap Rate: .97%
  • Current Occupancy: 30%

OVERVIEW

Trade Winds shopping center located near the corner of Central & San Mateo, East of Nob Hill in Albuquerque. The former Trade Winds Motel was redeveloped with the intention of bringing affordable, new retail to the area. Prices are well under comparable lease rates for similar properties in the surrounding area. This highly visible and iconic property has many options for local and national users alike. Currently leased to Torress Birria and Taco Shop, Radiate By McQuitty DMD, and Fiesta Insurance, El Farron Events, come and join the energy! This center provides a unique opportunity for experienced retail investors to buy a property well under replacement costs, with a large amount of upside potential. If occupancy is increased just to 80%, this center will provide a 9% CAP rate at the market rents of $14.00 PSF NNN.

ASK ABOUT THIS PROPERTY

Remsa TroyRESOLUT REMore Info
505-337-0777

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Remsa TroyRESOLUT REMore Info
505-337-0777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.