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214 Menaul Blvd NE
Albuquerque, NM 87102 Santa Barbara-Martineztown

$4,705 USD/MO

Freestanding For Lease  •  3,633 SF

Property Details

  • Property Type Freestanding
  • Year Built 2005
  • Total Building Size 8,100 SF
  • Tenancy Multiple
  • Building Class B
  • Zoning MX-M
30 Transit Score
60 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste B & C Industrial 3,633 SF $15.54 USD/SF/YR
This offering presents a rare opportunity to acquire a professionally engineered indoor cultivation facility at approximately 50% of replacement cost, with the majority of capital-intensive infrastructure already installed, commissioned, and proven in operation. For an established operator, this represents a meaningful reduction in time-to-production, construction risk, and upfront capital exposure compared to a ground-up build. At the offered valuation, the acquisition compares favorably with both new construction and retrofit alternatives, while preserving flexibility through optional seller financing and in-kind consideration. This transaction is best suited for an operator who values speed, predictability, and capital efficiency in a regulated production environment. environment.?

  • Date available: 30 Days
  • Lease term: None
  • Service type: Triple Net
  • Space Type: Sublet

Description

Highlights: 

Asking Price: $375,000, representing 50% of the industry-related infrastructure replacement value ($750,000) 
*Please note that the "For Sale" price of $375,000 (50% of replacement value) is for the cultivation infrastructure and engineered environmental controls, not the business or the building itself. A detailed Bill of Sale sheet will be provided to serious interested parties. Seller financing is also available

Facility Overview: 3,636 sq ft; $4,617.49/month (including NNN); Current Lease Terms valid through November 2028.

Power: 600A, 480V service.

Rooms: 2 Flower Rooms (one fully operational, one requiring final equipment installation); 2 Auxiliary Grow Rooms; 1 Dedicated Drying Room.

Infrastructure: High R-value walk-in cooler panel walls; Floor drains, plumbed RO water, ducted dehumidification, centralized CO2 manifold; Designed for perpetual harvest scheduling.

Production Capacity: Approximately 1,280 lbs of cannabis annually; Monthly average: ~108 lbs.; Flower Room 1: ~56 lbs per harvest cycle; Flower Room 2: ~200 lbs per harvest cycle (final equipment pending).

Turn-Key Status: Flower Room 1: fully operational with advanced equipment such as Agnetix Zenith LED fixtures, VPD monitoring, and climate control; Flower Room 2: built, wired, plumbed; requires installation of grow lights, racks, and fertigation systems.

Infrastructure Highlights: Includes Agnetix liquid-cooled grow lights, HVAC, security systems, dehumidifiers, and engineered environmental controls.

Ideal Buyer/Tenant: Existing cultivation operators seeking expansion, redundancy, or rapid deployment without new construction risks.

Flexible Deal Structures: Seller financing available for qualified buyers. Partial consideration accepted in indoor flowers or various extracts.

Licensing Requirements: Buyer/Tenant must obtain their own New Mexico cannabis license. Facility transfers free of license encumbrances.

Amenities

  • Pylon Sign

Major Tenants

Tenant SF Occupied Lease End Date
Source One Office Furnishings

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.4 mi
6 min - 2.8 mi
AirportDriveWalkDistance
Albuquerque International Sunport 25 min - 12.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Chris Armistad 505-221-6999 Armistad Real Estate
Chris Armistad 505-221-6999 Armistad Real Estate