Updated Aug 27, 2026
Kippenhan Family Purchases Retail Property From AIGP Realty For $2,175,000 In Albuquerque
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 asset involved in this transaction is a retail establishment located at 10895 Montgomery Boulevard Ne in the Albuquerque market. The property has a total square footage of 4,675.0 and was sold for $2,175,000.00.
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)
This transaction involved the Kippenhan Family as the buyers and AIGP Realty as the sellers. The deal was facilitated by broker Alejandro Snyder, who represented the transaction through Current Real Estate Advisors.
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