Old Town Albuquerque Vet Center Investment

Highlights:

• Two tenant office investment with the U.S. Department of Veterans Affairs and Barber Shop
• Prime Old Town Albuquerque location within Felipe Plaza and adjacent to the Sawmill District
• Great opportunity for investor or owner/user with current leases expiring in 2027
• VA pays rent and majority of operating expenses associated with the investment
• Beautiful Spanish-style building with well-maintained common areas and parking structure

Description:

2001 Mountain Rd NE is a multi-building, mixed-use condominium project as part of Felipe Plaza in Old Town Albuquerque. Building F consists of two tenants, the Albuquerque Veterans Center (5,076 SF) and Monarch Del Rey Barber Shop (450 SF) and is 100% leased. Albuquerque Vet Center pays rent, plus a set operating cost, whereas Monarch pays electric and janitorial. Both leases have short terms remaining, making this investment a great play for an experienced investor or even an owner/user who plans to occupy the office space. Common areas are covered by the Felipe Plaza Condo Association and property is managed by Colliers International. This Old Town building features a beautiful Spanish-style stucco with decorative vigas and blends in well with the historic architecture of the historic area.

The building is connected to the parking garage for the condominium and is right in the heart of the Sawmill District, joining Hotel Albuquerque, Hotel Chaco, Sawmill Market and is directly north of the Historic Old Town Albuquerque.

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