Office Space For Lease @ 7421 Bartlett St Ne

OFFICE BUILDING CONSTRUCTED FOR THE STATE OF NEW MEXICO'S DIVISION OF VOCATIONAL REHABILITATION. CURRENT LEASE IS FOR TEN YEARS WITH TWO FIVE YEAR LEASE OPTIONS. BUILDING SETS ON ALMOST 2 ACRES WITH 29,270 SQ. FT. OF OFFICE SPACE. THE BUILDING WAS OCCUPIED ON NOVEMBER 1,2011. THIS IS A BANK OWNED PROPTERY, THE BANK PAID $6,124,960 AT A SPECIAL MASTER SALE ON DECEMBER 2012. ANNUAL GROSS RENTS ARE $478,000 WITH OPERATIONAL COST OF $143,400 FOR A NET OPERATING INCOME OF $334,600. THE CURRENT CAP RATE IS 7.97%. OUTSTANDING INVESTOR OPPORTUNITY. ALLOW TIME ON ALL OFFERS**WILL BE SHOWN ONLY AFTER ACCEPTANCE OF A LETTER OF INTENT AND SUPPORTING DOCUMENTATION OF QUALIFICATION. STATE OF THE ART BUILDING.