1450 Innovation Pkwy SE

Single Tenant Government Leased Building | Strategically Adjacent to National Labs & Air Force Base | 20-Year Tenant History | Albuquerque, NM

​​​​​​​​​​​​​​CBRE is proud to offer 1450 Innovation Parkway SE (the ‘Property’ or ‘Offering’), a ±33,500 square foot class B+ single tenant office building strategically located in the Sandia Science & Technology Park just outside of the gate of Sandia National Laboratory. 

This property represents a stable investment in a mission critical Department of Energy function whose funding future is very secure in the purpose-built building they have occupied since 2006.  

The Sandia Science & Technology Park is a 100 acre master planned development serving contractors and collaborators of Sandia National  Laboratory. There are 27 buildings housing 47 companies in the park as of the end of 2025. There are only 5 privately held lots left in the park totaling 6.6 acres.  

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This offering also potentially includes a ±1.47 acre parcel of vacant land at 1460 Innovation Parkway SE, adjacent to 1450 Innovation that is currently leased through November 2028.  Additional vacant land priced at $577,000 ($9.01/SF). Only available in conjunction with the building.

INVESTMENT HIGHLIGHTS

·  7.98% Going- in yield

·  Annual rent increases in primary and option terms

·  U.S. Dept. of Energy funded tenancy

·  20-Year historical occupancy

·  Limited near-term CAPEX