Property Type:
Commercial Sale
Square Footage:
16,304
Lot Size (sq. ft.):
39,200
Status:
Closed
Current Price:
$1,600,000
List Date:
4/17/2023
Last Modified:
7/03/2023
Description
Mariposa East Commons is a 16,308 SF LEED Certified mixed-use building. The only commercial property located in the affluent and rapidly growing 6,500-acre MSA of Rio Rancho, the building features floor-to-ceiling glass windows that offer sweeping views of the Sandia Mountains and flood the building with natural light. The building's layout and design support indoor/outdoor workspaces and maximize price per square while mitigating vacancy. Comparable buildings in the Albuquerque market command lease prices of $50-60 per square feet. Finally, the building can accommodate restaurants and retail and its immediate proximity to the Community Center and Park is the ideal complement to homes starting at $500,000.00.
Supplements: 16,308 SF LEED Certified mixed-use building
Deep discount to replacement value
Target rents: $26 - $39 SF
State-of-the-art architecture and engineering
LEED Certified by Green
Floor-to-ceiling architectural glass windows
Indoor/outdoor workspaces
Ample parking
Retail and restaurant spaces
Newly renovated exterior staircase
Proximity to the community center, cark, Town of Bernalillo, I-25, Albuquerque, and Albuquerque International Airport
Sole commercial building located in the 2,500-home Mariposa master-planned community
Neighboring communities include Mountain Hawk, Northern Meadows, North Hills, and Enchanted Hills
Employers include Hewlett Packard, University of New Mexico, Sandoval Regional Medical Center, Rio Rancho Event Center
Listing Office: 45 Realty
Last Updated: July - 03 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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