3801 Broadway BlvdAlbuquerque, NM 87105

Property Details for 3801 Broadway Blvd

Lot size

12.05 AC

Property type

Land

Property subtype

Commercial land

APN

1-014-054-290-084-4-01-10

APU

101405429008440110

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $86,824,200

  Hospitality

  $79,530,496

  Educational

  $66,168,440

  Medical

  $68,444,072

  Retail

  $102,928,688

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Latitude

35.0319

Longitude

-106.647

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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