for sale the french quarter...for more information: cbre 6100 uptown blvd. ne, suite 300...
TRANSCRIPT
ERIK OLSON, CCIMFirst Vice President+1 505 837 [email protected]
THE FRENCH QUARTERAPARTMENTS1101-1121 Palomas Dr SE, Albuquerque, NM 87108
FOR SALE
Capital Markets | Multi family Proper ties
CHRIS SOTOClient Services Specialist+1 505 837 [email protected]
BILLY EAGLEFirst Vice President+1 505 837 [email protected]
INVESTMENT SUMMARYProperty Price $4,200,000
No. of Units 84
Average Unit SF ±628
Total Rentable SF ±52,760
Avg Market Rent/Unit $639
Avg Market Rent/SF $1.02
Zoning R3 | Residential
Acres/Density ±1.8595 Acres45 DUs/Acre
INVESTMENT SUMMARY
Recently renovated multihousing community provides a unique investment opportunity to own a stabilized property with the possiblity to increase cash flows immediately.
THE OFFERING
For More Information:www.thefrenchquarter-cbre.com
CONTACT US
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THE FRENCH QUARTER APARTMENTS
*Unit Description # % Mix Sq. Ft./Unit** Total Sq. Ft.** $Rent/Unit*** $Rent/Sq. Ft*** $Monthly Rent***
Studio 2 2% 420 840 500 1.19 1,000
1 BR | 1 BTH 80 95% 630 50,400 640 1.02 51,200
2 BR | 1 BTH 2 2% 760 1,520 750 0.99 1,500
Weighted Averages | Totals 84 100% 628 52,760 639 1.02 53,700
UNIT MIX
* The French Quarter is master metered for Electricity and Gas ** All square footages are approximate*** Rent/Unit amounts are based on current market rent
PROPERTY OVERVIEW
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THE FRENCH QUARTER APARTMENTS
© 2015 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited orany of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate withrespect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID:P07 MapId:2982481
LOCATION MAPS
SUBMARKET OVERVIEWThe French Quarter is located in a supply-constrained submarket with significant barriers to entry, giving tenants exceptional access to nearby jobs. The VA Hospital, Kirtland AFB, Albuquerque International Airport, and the University of New Mexico are all within a short drive, and many of Albuquerque’s best amenities are just a few minutes away.
EXECUTIVE SUMMARY
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T H EFRENCH QUARTER
A P A R T M E N T S
T H EFRENCH QUARTER
A P A R T M E N T S
Kirtland Airforce Base
University of New Mexico
Uptown
THE FRENCH QUARTER APARTMENTS
4
Coronado CenterABQ Uptown Winrock Town Center
The Downs Racetrack and Casino
Emerson Elementary School
Towne Park Plaza
Los Altos Golf Course and Banquet Facility
Van Buren Middle School
Wilson Middle School
Siesta HillsShopping Center
Caesar ChavezCommunity School
I-40
I-40
SAN MATEO BLVD
EAST
ERN A
VE
CENTRAL AVE
South San Pedro Neighborhood
Elder Homestead Neighborhood
T H EFRENCH QUARTER
A P A R T M E N T S
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For More Information:www.thefrenchquarter-cbre.com
CBRE6100 Uptown Blvd. NE, Suite 300Albuquerque, New Mexico 87110t. +1 505 837 4999f. +1 505 837 4994
© 2020 CBRE, Inc. All rights reserved. The opinions contained in this article are those of the author and not CBRE. The information contained in this article was obtained by the author from sources believed reliable but has not been verified. It is presented without guarantee, warranty or representation of any kind. Any reliance on the information or opinions contained herein is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. Updated 02/2020
Capital Markets | Multi family Proper ties
ERIK OLSON, CCIMFirst Vice President+1 505 837 [email protected]
CHRIS SOTOClient Services Specialist+1 505 837 [email protected]
BILLY EAGLEFirst Vice President+1 505 837 [email protected]
CONTACT US