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| Gateway Industrial Park |
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| 2731 Broadway Boulevard NE, Albuquerque, NM |
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| Office/Industrial |
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| 64,474 ± sq. ft.. |
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| 8,714 – 20,914 ± sq. ft. |
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| Office - $13.75/sq. ft. |
| Warehouse - $7.75/sq. ft. |
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| North Valley |
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| M-1 |
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- 21’ Clear Height
- Drive-in and Dock doors
- Built in 2007
- Convenient freeway access
- Building Signage Available
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| North I-25 Industrial for Lease |
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| 4906-4946 Jefferson Street, Albuquerque, NM |
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| Industrial |
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| 66,000 ± sq. ft. in two buildings |
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| 4920 – 1,500 ± sq. ft. |
| 4932 – 3,033 ± sq. ft. |
| 4934 – 5,023 ± sq. ft. |
| 4944 – 3,000 ± sq. ft. |
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| 4926 – 12,000 ± sq. ft. |
| Available June 1, 2012 |
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| $7.00/sq. ft. + NNN |
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| North I-25 |
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| M-1 |
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- Dock & Drive In Doors
- Easy Freeway Access
- 16’ Clear Height
- Convenient North I-25 Location
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| Express Scripts
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| 4500 Alexander Boulevard NE, Albuquerque, NM
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| Office/Warehouse |
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| 103,808 ± sq. ft. in two buildings |
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| 26,644 - 71,211 ± sq. ft. |
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Office:
$13.50/sq. ft. - NNN |
Flex/Warehouse:
$8.00/sq. ft. - NNN |
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| North I-25 |
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| IP |
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- Located in the geographic and demographic center of the City
- Two story atrium/lobby entrance
- Ample parking - 4:1000
- Good visibility
- Functional floor plan
- Convenient access to I-25 restaurants, retail, and services
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| Towner - Jefferson
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| 4425 Prospect Avenue, Albuquerque, NM
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| Located one block south of Menaul at Jefferson and Towner NE. |
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| 30,000 ± sq. ft. |
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4416 Towner Suite B
1,250 ± sq. ft.
$750 per month |
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4425 Prospect Ave.
5,000 ± sq. ft.
10,000 ± sq. ft.
15,000 ± sq. ft.
$5.50/sq. ft. - NNN |
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| Northeast Heights |
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| C-3 |
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| Show an REA listing in the first Quarter of 2012 and receive a $20.00 Starbucks Gift Card or a $20.00 Gift Card to Tractor Brewery. Contact Tom Jenkins (217-9555 or tom@reanm.com) or Mark Friedman (217-9530 or mark@reanm.com) to schedule a showing today. |
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| REA Revamps Website |
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| REA believes information is important to everyone in order to make informed, appropriate decisions. REA also believes convenience and ease of use is important, after all time is money. With these principles in mind REA has redesigned its website to provide: |
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- Better searchability of REA listings
- Convenience for our tenants to pay their rent online
- Newsletters and links to pertinent market information
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Albuquerque Industrial Market Overview
4th Quarter 2011 |
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| The Albuquerque Industrial market consists of approximately 40 million square feet. The overall market ended the fourth quarter 2011 with a vacancy rate of 8%. Net absorption during the fourth quarter 2011 was negative 45,372 square feet. Rental rates ended the fourth quarter 2011 at $5.94, a continuing trend of decreasing rates over the last 24 months. The average time on market is currently 17.4 months. |
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| Albuquerque Industrial Market Statistics |
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| Statistics provided by Co-Star |
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National Industrial Market Overview
4th Quarter 2011 |
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| The U.S. Industrial market ended the fourth quarter 2011 with a vacancy rate of 9.5%. The vacancy rate was down over the previous quarter, with net absorption of 44,110,591 square feet in the 4th quarter 2011. Vacant sublease space decreased in the quarter, ending the quarter at 59,614,656 square feet. Rental rates ended the fourth quarter at $5.11 per square foot, a slight decrease from the previous quarter. A total of 107 buildings were delivered to the market in the quarter totaling 13,497,360 square feet, with 32,702,664 square feet still under construction at the end of the third quarter. |
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| Source: National Industrial Market Overview, Fourth Quarter, COSTAR GROUP, INC. |
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| EG&G Renews 30,000 square feet at Comanche Business Park |
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| In October 2011 REA completed a lease renewal for EG&G Technical Services, Inc. (EG&G) at Comanche Business Park. EG&G is a division of URS Corporation that provides engineering, construction and technical services to public agencies and private sector companies around the world. The lease renewal is for approximately 30,000 square feet and for three years. The lease renewal process began with the landlord and the tenant having different requirements and needs; including lease term, timing of renewal and rate. Through REA’s marketing efforts and presentation of current market conditions the transaction was completed to the satisfaction of both parties. |
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| LKQ Leases 36,000 square feet at 3800 Prince |
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| LKQ is the largest nationwide provider of aftermarket collision replacement products with over $3.4 billion in sales in 2010. REA relocated LKQ to a new 36,000 square foot location in October 2011. Upon entering into negotiations it was discovered the desired location was overleveraged and the owner was not in a position to offer favorable terms to LKQ. To overcome this challenge, REA assembled an investment group to prompt the involved parties to take action to move this deal forward. |
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| What Others are Saying About Commercial Real Estate |
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| Glimmer of Hope |
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Grubb & Ellis New Mexico, Industrial Trends Report-Fourth Quarter 2011,
Prepared by Ken Schaefer |
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| "The industrial market managed to end the year on a positive note. Activity surged for medium and larger-sized tenants seeking warehouse and distribution spaces 20,000 square feet and larger. In good news, deals were getting done and tenants were not just shopping for competitive quotes only to renew at their existing locations. Many tenants appeared to have the confidence to take advantage of market conditions and expand into larger spaces." |
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| ...read more |
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