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Location: |
201 Dorado Place SE and 12500 Central Avenue SE, Albuquerque, NM |
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Rentable Square Feet: |
57,740 sq. ft. (approx.) |
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Total Square Feet: |
59,478 sq. ft. (approx.) |
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Total Land Area: |
168,089 sq. ft. or 3.86 acres (approx.) |
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Land for Expansion: |
None |
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Zoning: |
C-2 (City of Albuquerque) |
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Total Units: |
431 Storage |
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Occupancy: |
69% - Economic
73% - Unit
76% - Sq. Ft. |
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Age: |
30+ Years |
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Number of Buildings: |
15 |
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Exterior Construction: |
Concrete Block |
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Interior Construction: |
Wood Studs/Sheetrock |
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Foundation: |
Concrete slab |
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Roofs: |
Steel and built up (Majority of roofs replaced withing past 2 years |
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Fencing: |
Chain link |
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Gate: |
Electronic gate access at main facility; Chain link swing gates at
auxiliary and Central |
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Doors: |
Steel |
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Paving: |
Asphalt |
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Accounting System: |
None |
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Surveillance: |
None |
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Traffic Exposure: |
Very good. Main facility (Dorado) 1/2 block off Central with
visibility from Central. Central location has good frontage and good signage. |
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Manager's Apartment: |
Dorado: 861 sq. ft. (approx.)
Central: 877 sq. ft. (approx.) |
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Office: |
Approx. 200 sq. ft. |
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Hours of Operation: |
Office - 8:00 am - 5:00 pm - (Mon-Fri)
8:00 am - 4:00 pm - (Sat)
8:00 am - 12:00 pm (Sun)
Gate Access - 7:00 am to 7:00 pm, daily |
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Price: |
$1,583,000 |
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Net Operating Income: |
$142,021 |
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Proposed Cap Rate: |
9% |
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Comments: |
Large facility with good upside potential. Facility is in need of
some refurbishing (i.e. painting, repair/replacement of doors,
pavement rehab.) Monthly rents are lowest among competition in area.
Surrounded by apartments, existing Four Hills subdivision and a large
new residential subdivision to the south. |
All Contents Copyright ©2002
Fred B. Gibson, Realtor®
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