• Year Built: 1975
1601 Commercial St is an industrial property for lease in Albuquerque, NM.
The current tenant's (a national company) lease will expire in October of 2014. The current NNN rent is $414,671/year or $4.99/SF. This is an opportunity for an owner/user to buy now and enjoy the significant income with the opportunity to either occupy the building upon the lease termination or possibly extend the lease for another period. The property has two significant attributes: the main warehouse area is 150' X 400' free span and the property backs up to a railroad siding that can be re-activated. Roof resealed in 2004 (K-Ram) and has been periodically maintained by the installer. Also, the parking lots, truck lanes and storage areas have just recently been resurfaced and upgraded.
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