Thursday, September 13, 2007

Office Building: One Executive Center - Albuquerque, NM

Five-story commercial office building: Minimum Investments Starting At $250,000.00

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  • Property Name: One Executive Center
  • Rentable SqFt: ± 114,187.00
  • Purchase Price: $13,900,000.00
  • Price per SqFt: $121.73 /sqft
  • Equity: $7,600,000.00
  • Loan Amount: $6,300,000.00
  • Loan-to-Value: 45.32%
  • Percent Occupied: 90.55%
  • Type: Five-story commercial office building

Property Description:
One Executive Center is a five-story, multi-tenant office building located in Albuquerque, New Mexico. Built in 1982, this Class B+ Property is approximately 114,187 square-feet and is occupied by 34 tenants. One Executive Center is the tallest building in the area and is easily recognizable due to its height and distinct architecture and boasts an attractive five-story lobby atrium. Currently 90.55% occupied, One Executive Center consists of a diversified tenant roster with no high-density tenants in the building. The current tenant mix consists of lawyers, CPAs, engineering firms, mortgage/title related offices, and some research and education groups.

Top Tenants by Total Rent:
The property has a strong historical occupancy and is currently 90.55% leased.

Please contact me for a full marketing brochure and further information regarding this investment.