Property Listing No Longer Available for Sale

2600 The American Rd SE, Rio Rancho, NM

Office for Sale - $4,800,000 - 31,277 Sq. Ft. on 1.61 acres


Property Info

CIMLS#924833
Location
  2600 The American Rd SE
  Rio Rancho NM 87124
UpdatedJanuary 2nd, 2018
TypeOffice
Price$4,800,000
Building31,277 Sq. Ft.
Land1.61 acres

Property Description

THE SUMMIT OFFICE BUILDING - located at 2600 The American Road is a 31,277 SF 3 story, multi-tenant, Class "A" office building built in 1997 at the southern edge of Rio Rancho, NM. Prominently located at the southern most part of Rio Rancho, The Summit Building represents the premier office building in Rio Rancho and is located in close proximity to both Intel Corporation and Cottonwood Mall, the largest retail center in New Mexico. Priced significantly below Replacement Cost. The property offers unobstructed panoramic views of the Sandia Mountains and the Rio Grande Valley and has a stable history of high occupancy with credit tenants including the University of New Mexico, Wilson & Company and two dentist. The building commands some of the highest office rents in Rio Rancho.

Located in Rio Rancho, NM, one of the fastest growing cities in the United States, The Summit Office Building features 92 parking spaces and excellent visibility with high traffic counts from Hwy 528, the major north/south arterial into Rio Rancho.

Location Description:

Located between Cottonwood Mall & Intel

Highlights:

>> 31,277 SF

>> Class "A" Office Building

>> Ideal for Owner User

>> Rio Rancho Submarket

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Financials

Sales Info:

>> Cap rate: 7.88%

>> Commision split: 5.0%