TITLE:
Stabilized 13-Suite Executive Office Investment-Nob Hill
CONTROL:
Owner
VALUE:
$700,000
LOAN:
$425,000
EQUITY:
$275,000
TYPE:
Office Building
HAVE:
Stabilized 13-suite executive office investment in Albuquerque's Nob Hill. Strong occupancy, consistent cash flow, all-inclusive leases, ample parking, and excellent 1031 exchange potential.
ADDRESS:
231 Sierra Dr SE, Albuquerque, New Mexico
BENEFITS TO NEW OWNER:
Immediate cash flow from a stabilized, income-producing asset
Strong occupancy provides dependable income with reduced leasing risk
Opportunity to increase Net Operating Income (NOI) by adjusting below-market rents over time
GROSS SCHEDULED INCOME:
$71,275 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$71,275
EXPENSES:
$19,648
NOI:
$51,627
DEBT SERVICE:
$23,198
CASH FLOW:
$28,429
CAP RATE:
7.38%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$425,000
$3,000
7%
07/08/2031
No
BENEFITS SOUGHT:
Free up equity to redeploy into higher-growth development opportunities, including new residential construction and larger investment projects. Pay off personal HELOC
CAN ADD:
Additional properties nearby
REMARKS:
Ownership is seeking opportunities to leverage equity into additional real estate investments, including development land, new construction projects, multifamily, industrial, commercial, or value-add opportunities
COUNSELOR:
Vanessa Sanchez
LPT Realty
500 Marquette Ave Suite 1200
Albuquerque, , 87102
Phone: 5055154175
Email vanessa@mtinm.com
