Exclusive MultiFamily Offering

13150 Wenonah Avenue SE

Albuquerque, NM 87123

CALL FOR OFFERS - JUNE 5, 2019

reasons to purchase

albuquerque, New mexico

  • March T-12 Occupancy - 97.3%.
  • March 2019 T-3 Rental Income is 8% higher than the March 2018 T-3 Rental Income.
  • Within 3 miles of Sandia National Laboratories - over 10,000 jobs.
  • Across the street from two anchored shopping centers.
  • Within one-half mile of I-25 and Tramway Boulevard transportation corridors.
  • Average household income within three miles of Hunter's Ridge is $64,000.
  • Average home price within three miles of the property is $219,000.

great upside by continuing unit renovations

The longtime owner has systematically made improvements to common area amenities as well as unit interiors. A buyer would benefit by continuing to upgrade unit interiors - maximizing rents.

substantial retail nearby

Hunter's Ridge is located across the street from two grocery anchored shopping centers, one center includes Icon Cinema, a new movie theater. Additionally, the property is located near large retail/employment hubs of Albuquerque. Uptown business and retail district, located five minutes from the property, is the most dynamic in Albuquerque. Uptown includes ±1.83 million square feet of office, two regional malls, and the newer ABQ Uptown outdoor mall.

Central Avenue, the original Route 66, is near significant "big box" retail within a two mile radius of the property. Additional retailers and four large hotels are situated along Interstate 25 West.

The Foothills of the Sandia Mountains have long been a desirable location with access to thousands of hiking and biking trails nearby.

 

large employment area

Hunter's Ridge is located within a 5-8 minutes drive to Albuquerque's four largest employers. These employers have a total of over 35,000 jobs.

13150 Wenonah Avenue SE

Albuquerque, NM 87123

In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116.  For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx

Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.