Please Wait ...

171,628 SF suburban office portfolio with in-place cash flow

Investment Highlights:

  • Prestigious, Amenity-Rich CBD Office Tower
  • Credit Tenancy / Institutional Quality Rent Roll / Citizens Bank Corporate Headquarters
  • Value-Add, Lease Up Opportunity with Limited Near-Term Rollover
  • Prime Location, Unparalleled Transit Oriented Access & Top Performing Submarket
  • Quality Improvements / Attractive Basis

RealINSIGHT Marketplace and CBRE Capital Markets are pleased to present the sale of the Albuquerque Office Portfolio, a 171,628 square-foot suburban office portfolio comprised of four buildings located six miles from downtown Albuquerque, New Mexico. The four properties include the following:

  • 5411 Jefferson - A 56,000 SF office building built in 2004 and currently 77% leased to 3 tenants.
  • 5421 Jefferson - A 62,277 SF office building built in 2001 and currently 100% to leased to a credit rated national wireless cellular service provider.
  • 5501 Jefferson - A 21,851 SF office building built in 2000 and currently 73% leased to 2 national tenants.
  • 3900 Singer - 31,000 SF single tenant office building built in 2001 and currently vacant.

The overall portfolio occupancy is 71% presenting a unique opportunity for investors to purchase a high-quality portfolio with significant in-place cash flow with substantial credit rated tenancy in addition to upside potential through lease-up of the remaining vacant space and lease renewals with existing tenants.

The properties have flexible floorplates designed to accommodate a variety of users with the added benefit of above market parking with over 5.7 spaces per 1,000 square feet.

The fee-simple offering presents investors with the opportunity to acquire a diverse portfolio of quality suburban office assets at an attractive basis that provides sustainable in-place cash flow and significant value-add upside.

Login required to access due diligence materials.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Albuquerque Office Portfolio

5411 Jefferson St NE, Albuquerque, NM 87109

Sold Subject To

Asset Snapshot

  • Asset Type
  • Real Estate
  • Office Type
  • Suburban Office
  • Property Size
  • 171,628 Sq Ft
  • Land Area
  • 0.00 Acres
  • Year Built
  • 2000 - 2004
  • Number of Floors
  • 1
  • Number of Buildings
  • 4
  • Occupancy
  • 71.00%
  • Occupancy as of
  • Jun 30, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lorraine Sachs Garcia

      c/o Fisher Auction Company Inc.

      License: #19301