7900 Lorraine CT NE #STE E, Albuquerque, NM 87113
7900 Lorraine CT NE #STE E, Albuquerque, NM 87113
7900 Lorraine CT NE #STE E, Albuquerque, NM 87113
7900 Lorraine CT NE #STE E, Albuquerque, NM 87113
7900 Lorraine CT NE #STE E, Albuquerque, NM 87113
7900 Lorraine CT NE #STE E, Albuquerque, NM 87113
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Susan Buchman

Susan Buchman

+1(505) 554-4173
Listed by Berkshire Hathaway NM Prop
$ 1,217,200
Est. payment | /mo

4,356 Sqft Lot

Save
$ 1,217,200
Est. payment | /mo
Save

4,356 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1113436

HOA Y/N No

Annual Tax Amount $2,798

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions Other

Property Sub-Type Mixed Use

Property Description

OWNER-USER PATH: Occupy Suite F and let Suite E's in-place NNN rent cover approximately 56% of the loan payment. The estimated net ownership cost is $3,301 per month, which is less than leasing one suite at $13.50/SF NNN, or approximately $3,423 per month--while gaining ownership of both suites. The owner-user can then expand into Suite E when its lease rolls.Two adjoining, fully renovated office/warehouse condominiums offered together as one package. Suite E is leased to an in-place NNN tenant, while Suite F is vacant and move-in ready.An owner-user can occupy Suite F, allow Suite E's rent to offset the cost of ownership, and expand into Suite E when its lease rolls. An investor can lease Suite F and hold both suites as a stabilized NNN asset.Each suite features a two-level office, high-ceiling warehouse, drive-in door, heavy 3-phase power, and its own gated, paved yard. The property is located less than one mile from Paseo del Norte and I-25, within one of Albuquerque's highest-occupancy, lowest-crime business corridors.INVESTOR PATH: Lease Suite F at the $13.50/SF NNN asking rate and hold both suites as a stabilized NNN investment with a 7.56% pro forma cap rate.

Location

State NM

County Bernalillo

Area 100 - North Valley

Interior

Heating Ductless, Natural Gas

Cooling Ductless, Evaporative Cooling

Fireplace No

Exterior

Parking Features Guest, On Site

Fence Fenced

Utilities Available Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected

Accessibility None

Total Parking Spaces 6

Building

Story 2

Others

Tax ID 101706317347920201AE

Acceptable Financing Lease Option, Owner May Carry

Listing Terms Lease Option, Owner May Carry

Southwest MLS (SWMLS IDX Plus)
Nearby Locations
Susan Buchman

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(505) 554-4173

susan@thebuchmangroup.com

4313 Corrales Rd, Corrales, New Mexico 87048, USA

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7900 Lorraine CT NE #STE E