630 Haines AveAlbuquerque, NM 87102
- Industrial properties
- 38,358 SF
Property Details for 630 Haines Ave
- Year built
- 1970
- Lot size
- 1.28 AC
- Property size (Sq ft)
- 38,358 SF
- Property type
- Industrial properties
- Property subtype
- Flex space
Description
This exceptional Albuquerque investment opportunity presents a 38,358 square foot multi-tenant industrial flex building situated on 1.28 acres in the Sawmill District (87102). The property, built in 1970 and renovated in 2005, features a Class C rating, a 100% occupancy rate with four tenants, and a current pro-forma NOI of $280,372, yielding a 10.78% pro-forma cap rate. The asking price is $2,600,000 ($67.78/sq ft and $650,000/unit). The building comprises one two-story structure with 36,930 net rentable square feet, four loading docks, and a 16-foot ceiling height in key warehouse areas. Tenants include a nationally recognized methadone clinic, a circuit board manufacturer and distributor, skilled welders, and a membership maker facility. The property is zoned NR-LM (Non-Residential Light Manufacturing) and includes fire sprinklers. Recent upgrades include a new roof and half of the parking lot. Leases are modified, with one expiring November 30, 2023
Location Insight
- City
- Albuquerque
- County
- Bernalillo
- State
- New Mexico
- Latitude
- 35.1035
- Longitude
- -106.653
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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