← Back to search

7801 Louisiana Boulevard NE, Albuquerque, NM 87109

$4,250,000
Property Type: Commercial Sale Square Footage: 40,036 Lot Size (sq. ft.): 70,567 Status: Closed
Current Price: $4,250,000 List Date: 10/12/2021 Last Modified: 5/16/2022

Description

Multiple offers in hand, in best and final round that closes Wednesday 12pm 283 minstorage units in North I25 submarket. Located just east of the North I-25 corridor and just south of the booming Paseo del Norte Retail corridor and surrounded by thousands of new apartment units, this facility is well positioned to expand its services to retailers, apartment renters or businesses. A core asset, with high occupancy, and a customer base that stayed with a recent rent increase, the rents in this community are below market and the ability to enhance income with revenue share models for insurance, and expansion of the selling more moving products makes this a value add asset as well. The facility has an onsite residence, office, is gated, with 50% of the units cooled by evaporative

More Information MLS# 1001803

Status Change Info

Pending Date: 2021-11-30 Closing Date: 2022-05-16

Contract Information

Listing Price: 4250000 Current Price: $4,250,000 List Price/SqFt: 106.15 Status: Closed

Location

Street #: 7801 Street Name: Louisiana St Suffix: Boulevard Post Direction: NE County: Bernalillo City/Town Code: Albuquerque State/Province: NM Zip Code: 87109 Zip +4: 5642 Directions: From I-25 and Paseo del Norte - east to Louisiana, south to property Geo Lat: 35.170338 Geo Lon: -106.56937 Area: 32 - Academy West Zone Atlas: D18

General Property Description

Property Sub-Type: Other Apx Structured SqFt: 40036 Acres: 1.62 Lot SqFt: 70567.2 Apx Lot Dim Front: 400 Apx Lot Dim Side: 295 Addl Lot Dim: rough dimentions Lot Description: Rectengular Lot Size Source: On-Line Flood Zone: X Total # Stories: 1 Ceiling Height Range: 16 # Parking Spaces: 3 Docks: No Door Height: 8 Disability Access: Unknown HVAC: Yes % Occupied: 100 Transaction Type: Business Included

Tax & Legal Info

UPC Code: 101806351338610316 Short Legal Desc: LOT 17A-1 BLOCK 13 PLAT OF LOT 17A-1 NORTH ALBUQUERQUE ACRES TRACT A UNIT A BLOCK 13 CONT 1.6202 AC GRT Code: 02-100 Current Taxes: 17049.66 Tax Exemption: No

Income & Expenses

Annual Oper Expenses: 120187 Annual Gross Income: 349259 Lease Term/Months: MTM

Miscellaneous

Land Ownership: Land Owned

Sales Info

Trade/Xch Considered: No

Property Features

Location: Corner Lot; Corner Lot Construction: Metal Exterior Material: Metal Siding Utilities: Electricity Connected; Phone Connected; Sewer Connected; Water Connected Heating: Other - See Remarks Cooling: Evaporative Cooling Lease Information: Other - See Remarks Docs/Data Available: None Finance Considered: Conventional Zoning: MX-L*
Listing Office: NM Apartment Advisors, Inc.
Last Updated: May - 16 - 2022

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers' personal, non-commercial use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.