1629 Bowe Lane SW, Albuquerque, NM

Senior Facilities for Sale - $4,000,000 - 21,000 Sq. Ft. on 1.67 acres


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Agent Info

NameB Ertel

Property Info

CIMLS #834744
Location1629 Bowe Lane SW
Albuquerque NM 87105
Last UpdatedJanuary 13th, 2018
TypeSenior Facilities
Price$4,000,000
Building21,000 Sq. Ft.
Land1.67 acres

Contact


Property Description

Solid investment opportunity of a NNN leased 58 bed Nursing Home, leased till June 30 2025 with a 6% rent increase every three years, with the next bump occurring July 1, 2018. Primarily Medicaid long term residents.

Location Description:

Located in the SW quadrant of Albuquerque, New Mexico, this investment property is set in a city as rich in its history and culture as its scenic backdrop. Experience the virtually year-round sunshine, the awe-inspiring Sandia Mountains to the East, and the Rio Grande gracefully flowing through the city.

Highlights:

>> New HVAC System

>> New 60 kW Generator

>> New Silicone Coating on Roof with a 10 year warranty

>> New Fire Protection System

>> New Call Light System

>> New Sidewalk

>> Asphalt in Good Repair

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Financials

Sales Info:

>> Cap rate: 9.5%

>> Commision split: 2.0%

>> NOI: $381138