Candelaria Business Center For Sale at $2.9M
- Sep 26, 2013
A new investment opportunity is available in Albuquerque’s NE Heights market. Candelaria Business Center has been listed for sale under the representation of Todd Clarke CCIM of NM Apartment Advisors. The mixed-use business park includes office, retail and warehouse space with flexible zoning, marketed as a stable investment with steady cash flow. The list price is of $2,995,000, or $86.06 per square foot.
The property is sited on 4.47 acres, totaling 34,800 square feet, located in the epicenter of New Mexico’s employment centers. It consists of four buildings with access to Interstate 40/Carlisle Blvd., Interstate 25/Candelaria Blvd., and Interstate 25/Montgomery Blvd. Each of the buildings ranges in size from 8,400 to 9,600 square feet and has alley access roll-up doors. 180 parking spaces are part of the deal with a ratio of 5.3 parking spaces per 1,000 square feet. Additional land, which can support a building of about 1,200 square feet, is available on a pad site facing Amherst Drive.
The complex, currently 96 percent occupied, has three addresses–3301/3311/3351 Candelaria Road NE–consisting of 8,400 square feet, 9,600 square feet and 16,800 square feet respectively. Among the tenants are: Catholic Charities USA, Unidas Case Management, Tax Professionals Inc., NM Consumer Personal Care, Compass Construction, Protection Security Solutions, SCS Engineers and Issa Shokoohi.