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4101 Indian School Rd NEAlbuquerque, NM 87110
Altura
Asset ClassOffice
Square Feet109,504
% Leased: 100%Weighted Average Lease Term: 2.2 YearsAccess Data Room
Extraordinary Value-Add Asset with Significant In-Place Income or an Exceptional Owner-User Opportunity | Infill Albuquerque with Prominent Frontage on I-40 | Highly Amenitized with Underground Parking
overview of deal

Overview

Institutional Property Advisors (IPA), a division of Marcus & Millichap, and Argus Investment Realty are pleased to offer for sale 4101 Indian School Road NE, Albuquerque, NM (the “Asset” or “Property”). This Asset is a +/- 109,504 SF, multi-tenant office project with prominent frontage along Interstate 40 (I-40) located in one of the most sought after office submarkets in Albuquerque.

 

This Asset offers a unique value-add opportunity created by a upcoming vacancy on over 1/3 of the building. This creates the potential for repositioning of the vacancy to capitalize on the increasing rental rate environment of Albuquerque’s office market. Alternatively, this opportunity allows an owner-user a phased occupancy in a high quality Asset while collecting in-place cash flow.

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Investment Highlights

Owner User Opportunity

  • Rare opportunity for an owner-user to secure a presence in one of Albuquerque’s most prestigious and supply-constrained submarkets
  • Entire ground floor available for an owner-user starting in September 2026, additional future lease expirations will enable strategic phase occupancy into additional space within the building
  • Strong market fundamentals paired with near-term lease flexibility offer a compelling blend of stability and optionality
  • Short weighted average lease term (WALT) of approximately 2.22 years provides immediate in-place income with built-in transition potential

High Quality Office Building

  • +/- 109,504 SF four-story building constructed in 1999
  • Mounted signage facing I-40 with 99,000 VPD - high-visibility signage facing the interstate provides a significant advantage by maximizing brand exposure and attracting top-tier tenants
  • Underground private parking totaling 131 spaces and storage areas in the basement level, a rarity in the Albuquerque market
  • Expansive central atrium with a timeless rock and water formation
  • The Property’s prominent glass curtain walls and architectural detailing create a professional, high-image environment attractive to tenants and visitors alike

Investment Opportunity with A Very Low Basis Providing Long-Term Competitive Edge

  • Exceptional value-add investment opportunity with 100% current occupancy and secure, in-place cash flow
  • Largest tenant (34% of building) set to vacate in September 2026, aligning with strong upward momentum in the University submarket in Albuquerque
  • Strong market fundamentals with no new inventory under construction and only 64,000 SF delivered in the entire Albuquerque market over the past 5 years, limiting the available competitive product

 

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4101 Indian School Rd NEAlbuquerque, NM 87110

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Listing provided by Revere CRE