Big New Mexico retail sale

A California investor recently purchased a six-property retail portfolio in Albuquerque, N.M., for $37.6 million.

The portfolio consists of six locations with a cumulative 84,383 square feet on 12.8 acres.

A private investor in Orlando, Fla., sold the portfolio at an average of $445.5 per square foot.

Occupancy at the time of sale was not disclosed.

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