A nearly 77,000 square foot office building in a busy commercial section of growing Rio Rancho is being listed for sale for just under $15.5 million.
Located at 4330 Picabo Street NE, the one-story structure has been leased as office space for the Bank of America, which has undertaken several upgrades to the massive structure in the last decade, including both new roofing and a new air conditioning system.
Built in 1997 and 1998, the structure was officially opened in the late summer of 1998, an event attracting local business and political leaders with the late U.S. Senator Pete Domenici among the invited guests.
The building sits on a 14-acre site on the northeast side of Rio Rancho near the Pat D’ Arco Highway and initially served for several years as an office for the Nations Bank Card Services Call Center.
The property is being listed by the Calabasas, California-based Marcus & Millichap, the largest commercial real estate investment firm in the country.
By Garry Boulard
