Rhino Investments Acquires Retail Asset From Phillips Edison & Co. For $24,850,000 In Albuquerque NM

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.