TITLE:
Prime Commercial Whse & Land w/ Highway Frontage Rd
CONTROL:
Partner
VALUE:
$5,850,000
LOAN:
$1,062,000
EQUITY:
$4,788,000
TYPE:
Industrial
HAVE:
Prime Location! 14,400 sf of building on 4.43 acres of land. "A" location, Freeway visible, national tenants, cell phone tower & billboard leases in place + 3 acres of vacant land.
ADDRESS:
5620 Modesto Ave NE, Albuquerque, New Mexico
GROSS SCHEDULED INCOME:
$176,400 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$176,400
EXPENSES:
$49,500
NOI:
$126,900
DEBT SERVICE:
$96,955
CASH FLOW:
$29,945
CAP RATE:
2.17%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$1,051,078
$8,080
7%
06/11/2029
No
BENEFITS SOUGHT:
Trade Up, sell for cash
CAN ADD:
NO
REMARKS:
Great value add! best area for development in ABQ
COUNSELOR:
Aldo Reza
Reza Realty
5620 Modesto Ave NE Sute B
Albuquerque, New Mexico, 87113
Phone: 5056002695
Email ALDO@REZAREALTYNM.COM
