TITLE:
800 E River Road Belen NM
CONTROL:
Exclusive
VALUE:
$950,000
LOAN:
$300,000
EQUITY:
$650,000
TYPE:
Industrial
HAVE:
A 14,745 SF Office auto bay building in Belen NM. This well known dealer has been in the same location since the 1940's. At one time they where a dodge dealership.
Great location well established. Sits on a lighted corner, with heavy traffic. River is th
ADDRESS:
800 E River Road, Belen, New Mexico
BENEFITS TO NEW OWNER:
Well established auto dealer business.
Would be ideal for redevelopment or another auto, trailer business to take over. Owner will consider financing
GROSS SCHEDULED INCOME:
$98,000 Projected
VACANCY LOSS:
$4,500
GROSS EFFECTIVE INCOME:
$93,500
EXPENSES:
$8,000
NOI:
$85,500
DEBT SERVICE:
$32,000
CASH FLOW:
$53,500
CAP RATE:
9.00%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$300,000
$2,713
7%
05/05/2029
No
BENEFITS SOUGHT:
Retire
CAN ADD:
8.5 acres of land next to this property.
REMARKS:
Major traffic area with lighted intersection in a growing area.
COUNSELOR:
Gary Bernier
Vista Real Estate Solutions
PO Box 37376
Albuquerque, New Mexico, 87176
