5620 Modesto

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  • Front View of Building from I-25
  • Fraont View of Building over I-25
  • Interior Space of Warehouse
  • Office Space
  • Covered Entry to Building
  • Loading Dock
  • Loading Bays
  • Billboard Visable from I-25
  • Example of Bathrooms
  • View from Modesto and I-25
  • View from Yard up to Building
  • Office Space
  • View from Building over Yard
  • Price: $2,650,000
  • MLS: 201601416
  • Status: Active
  • Class: Commercial
  • Type: Multi/Mixed Use
  • Acres: 4.43
  • Area: 20-Albuquerque
  • Total Sq. Ft: 14400

Contact Company

Lois Sury - CRS, ABR

Sury - CRS, ABR
(505) 470-4672
Email Agent
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Property Description

Freeway visible building +excess land in redeveloping North I-25 corridor located just south of I-25 Studios, just north of the CNM training and east of the balloon fiesta with Interstate 25 visibility to over 69,600 cars per day. Offered for the first time since it was developed by the original owner, this property offers a unique opportunity for an investor looking for stable cash flow from (mostly) national tenants, or a developer who would like to take advantage of redevelopment trends of Class A office or apartments in the immediate area. 2014 MAI appraisal of $2.65M, 2015 Phase I environmental indicated no issues. 71% of the income for the property is derived from national tenants including cell phone towers and billboard income. Owner is willing to selling excess land separately from the improvements - 9.13% Cap for improvements/cell phone/billboard, and 5.48% Cap for the entire deal. Located in North I-25 corridor - freeway visible with over 69,000 cars per day.

Additional Information

  • Type: Multi/Mixed Use
  • Days On Market: 381
  • Age: 31+ Years
The data relating to real estate for sale in this web site comes in part from the Internet Data exchange (“IDX”) program of SFAR MLS, Inc. Real estate listings held by brokers other than Sotheby's International Realty are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.