Multifamily - Sale

NorthMarq arranges one of the largest multifamily sale in Albuquerque, New Mexico

ALBUQUERQUE, NEW MEXICO (January 17, 2020) – The Overlook, 344-units located at 6200 Eubank Boulevard NE in Albuquerque, New Mexico, sold on January 30. The well-maintained 80’s property with original interiors represents a value-add opportunity. Upgrades completed include new roofs, parking, resurfaced pool and pool deck and new fencing. 

NorthMarq’s Albuquerque Investment Sales Vice President Cynthia Meister and the Phoenix Investment Sales office team collaborated to broker the sale and represented both buyer and seller in this transaction.  

“The owner refinanced with NorthMarq a year earlier and had a huge prepay,” said Meister. “All of the maintenance and cap ex was completed for long-term ownership, whom later decided to sell since it’s was their last asset in New Mexico.” 

NorthMarq arranged the sale for a new-to-market international buyer, with substantial non-refundable money up front. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $14 billion, loan servicing portfolio of more than $61 billion and the multi-year tenure of our nearly 600 people.