6,086 sqft
$1,217,200
7900 Lorraine Court NE STE E, Albuquerque NM, 87113
Price per sqft$200.00
Property size6,086 sqft
Property typeCommercial
Courtesy of Berkshire Hathaway NM Prop
Overview
Active
Listed Nov 2, 2026
Updated 12 days ago
OWNER-USER PATH: Occupy Suite F and let Suite E's in-place NNN rent cover approximately 56% of the loan payment. The estimated net ownership cost is $3,301 per month, which is less than leasing one suite at $13.50/SF NNN, or approximately $3,423 per month--while gaining ownership of both suites. The owner-user can then expand into Suite E when its lease rolls.Two adjoining, fully renovated office/warehouse condominiums offered together as one package. Suite E is leased to an in-place NNN tenant, while Suite F is vacant and move-in ready.An owner-user can occupy Suite F, allow Suite E's rent to offset the cost of ownership, and expand into Suite E when its lease rolls. An investor can lease Suite F and hold both suites as a stabilized NNN asset.Each suite features a two-level office, high-ceiling warehouse, drive-in door, heavy 3-phase power, and its own gated, paved yard. The property is located less than one mile from Paseo del Norte and I-25, within one of Albuquerque's highest-occupancy, lowest-crime business corridors.INVESTOR PATH: Lease Suite F at the $13.50/SF NNN asking rate and hold both suites as a stabilized NNN investment with a 7.56% pro forma cap rate.
Additional information
- MLS® ID
- 1113436
Interior Features
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.1 Acres
Other Property Details
- Taxes
- $2,798
- Tax Frequency
- Annually
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