7900 Lorraine Court NE STE E

$1,217,200
7900 Lorraine Court NE STE E, Albuquerque, NM 87113
7900 Lorraine Court NE STE E

7900 Lorraine Court NE STE E

$1,217,200

OWNER-USER PATH: Occupy Suite F and let Suite E's in-place NNN rent cover approximately 56% of the loan payment. The estimated net ownership cost is $3,301 per month, which is less than leasing one suite at $13.50/SF NNN, or approximately $3,423 per month--while gaining ownership of both suites. The owner-user can then expand into Suite E when its lease rolls.Two adjoining, fully renovated office/warehouse condominiums offered together as one package. Suite E is leased to an in-place NNN tenant, while Suite F is vacant and move-in ready.An owner-user can occupy Suite F, allow Suite E's rent to offset the cost of ownership, and expand into Suite E when its lease rolls. An investor can lease Suite F and hold both suites as a stabilized NNN asset.Each suite features a two-level office, high-ceiling warehouse, drive-in door, heavy 3-phase power, and its own gated, paved yard. The property is located less than one mile from Paseo del Norte and I-25, within one of Albuquerque's highest-occupancy, lowest-crime business corridors.INVESTOR PATH: Lease Suite F at the $13.50/SF NNN asking rate and hold both suites as a stabilized NNN investment with a 7.56% pro forma cap rate.

Features & Amenities

Exterior

Stories 2
Utilities Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Connected, Water Connected
Parking Guest, On Site
Heat type Ductless, Natural Gas
Air Conditioning Ductless, Evaporative Cooling
Disability Features None

Area & Lot

Status For Sale
LIVING SPACE 6,086 Sq.Ft.
TOTAL AREA 6,086 Sq.Ft.
LOT SIZE 4,269 Sq.Ft.
MLS® ID 1113436
Type Commercial
Neighborhood Southeast Albuquerque

Financial

SALES PRICE $1,217,200
REAL ESTATE TAXES $2,798/yr
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Thank you for your interest in 7900 Lorraine Court NE STE E, Albuquerque, NM 87113. We are reviewing your request and will be in touch shortly!

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Southeast Albuquerque

Southeast Albuquerque

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