1010 18th St NW, Albuquerque, NM 87104

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Building Details:

CBRE is pleased to present the opportunity to acquire 1010 18th Street NW, Albuquerque, NM 87104. The property is located in the heart of Albuquerque’s Old Town/Museum/Sawmill District. This District is undergoing a transformation, revitalizing the area and creating an eclectic vibe intermingled with the rich cultural history of Old Town.
+ 100% single occupancy by State of New Mexico Human Services Department with long-term lease in place.
+ Current lease at below market rate.
+ Close proximity to Old Town, museums, Hotel Albuquerque and its boutique hotel, Hotel Chaco.
+ Priced well below replacement cost and comparable sales in the market.
+ Parking ratio 4.4/1,000.
+ Cash or assumable loan in place.