Updated Aug 27, 2026
Kippenhan Family Acquires Retail Property From AIGP Realty In Albuquerque For $2,175,000
10895 Montgomery Boulevard Ne
$2,175,000
$465/SF
Building Size
4,675 SF
Asset Type
Retail
Closing
Dec 12, 2019
About this deal
AI
The property involved in the transaction is located at 10895 Montgomery Boulevard Ne, Albuquerque. This retail asset was sold for $2,175,000.00 and has a total square footage of 4,675.0. The property is situated within the Albuquerque market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,175,000.00
- Address: 10895 Montgomery Boulevard Ne
- Market: Albuquerque
- Square Footage: 4,675.0
- Buyer: Kippenhan Family
- Seller: AIGP Realty
- Broker: Alejandro Snyder - Current Real Estate Advisors
The Kippenhan Family acquired the property from AIGP Realty, with Alejandro Snyder representing the seller in this transaction. The deal took place on 12/12/2019.
Players
Albuquerque Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93