Updated Aug 13, 2026
Rhino Investments Acquires Retail Asset From Phillips Edison & Co. For $24,850,000 In Albuquerque NM
4500 Cutler Ave.
$24,850,000
Units
148,802
Asset Type
Retail
Closing
Mar 6, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 4500 Cutler Ave., Albuquerque, NM. The property has a total of 148,802 square feet and was sold for a price of $24,850,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $24,850,000.00
- Buyer: Rhino Investments
- Seller: Phillips Edison & Co.
- Sale Date: 03/06/2025
- Market: Albuquerque, NM
Rhino Investments is the buyer in this transaction, while Phillips Edison & Co. serves as the seller. This deal reflects the ongoing activities within the retail market in Albuquerque.
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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93