For Sale
$30,802,140

3801 Broadway BlvdAlbuquerque, NM 87105

State-of-the-art training facility, NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents the Bernalillo County Public Safety Training Academy, a modern, 43,239 square-foot facility situated on a 12.05-acre lot at 3801 Broadway Blvd SE, Albuquerque, New Mexico, 87105. The property boasts a 30-year lease with the State of New Mexico, commencing June 1st, 2024, at 100% occupancy under a triple-net (NNN) lease structure. The asking price is $30,802,140, translating to $712.37 per square foot. The academy features extensive amenities including classrooms, offices, a 220-person auditorium, a fitness center, a 3.5-acre training pad, a drill tower, and a MILO training simulation building. Further enhancing its capabilities, the property includes provisions for a future helicopter pad and hangar. Designed for the county's fire and sheriff departments, this co-ed training center provides cutting-edge training for cadets, officers, and firefighters. The facility is environmentally conscious, incorporating solar energy, water conservation measures, LED lighting, and other sustainable features, qualifying it for two Green Globes awards. The seller, Fire Ed, LLC, is a single-asset limited liability company, and the sale includes the LLC, subject to appropriate indemnification. The property is zoned UNCL. This is a rare opportunity to acquire a high-quality, income-producing asset with significant long-term potential.

Highlights

  • $30,802,140 asking price for the Bernalillo County Public Safety Training Academy.
  • Special purpose property, School subtype, located at 3801 Broadway Blvd SE, Albuquerque, NM 87105.
  • 43,239 square feet on a 12.05-acre lot, with a $712.37 price per square foot.
  • 100% occupancy under a 30-year NNN lease with the State of New Mexico, commencing June 1, 2024.
  • Features include classrooms, offices, a 220-person auditorium, fitness center, 3.5-acre training pad, drill tower, and MILO training simulation building.

Property Details for 3801 Broadway Blvd

Property type
Specialty properties, Schools
Square Feet
43,239 SF
Lot Size (sq. ft)
524,898 SF

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.031857181104
Longitude
-106.64586782873
3801 Broadway Blvd, Albuquerque, New Mexico

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3801 Broadway Blvd
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