Brokerage Team

Joe Azar, III CCIM
Partner
8232 Louisiana Blvd. NE, Suite C
Albuquerque, NM 87113
505.858.1444
505.858.1448 fax
505.980.1950 mobile
Current Listings/Projects
Past Projects
Contact

Career Summary
Joe began his career in commercial real estate after his graduation from Arizona State University in 1978, where he earned his bachelor’s degree in real estate. Joe has completed over 600 transactions with sales totaling more than $250 million. Particularly well versed in the area of Section 1031 of the Internal Revenue Code tax-deferred exchanges, Joe advises clients in all aspects of commercial real estate property sales, investment and leasing. As an owner and developer of investment and industrial properties, Joe understands the importance of maximizing earnings potential and creating long term investment strategies.  Joe’s father, Joe Azar, has been an active broker in Albuquerque for over 50 years and his son, Clay, is now actively assisting customers buy, sell and lease commercial real estate as well.

Joe’s diligent, professional and qualified attributes have contributed to his continued success and will assist him in commercial real estate for many more years to come. Joe specializes in multifamily and industrial real estate.

Interests
Joe Azar is an Albuquerque native and can frequently be found hiking in the Sandia Mountains. His passion is backpacking in the Grand Canyon or on the Continental Divide. His other hobbies include golfing, mountain biking, snowboarding and camping.

Education & Awards

• Licensed New Mexico Associate Broker – 1976
• Bachelor of Science – Real Estate, Arizona State University 1978
• Exchanger of the Year, Albuquerque Board of Realtors

Professional & Community Affiliations

• Member, National Association of Realtors
• Member, Commercial Investment Real Estate Institute (CCIM)
• Member, Commercial Association of Realtors New Mexico (CARNM)
• Member, New Mexico CCIM Chapter 10
• Member, New Mexico Leasing Information Network (LIN)
• Member, National Association of Industrial & Office Properties (NAIOP)
• Past President, heights Optimist Club
• Past President, CCIM New Mexico Chapter 10

PAST PROJECTS
LAND:

• 8.455 acres – commercial - 261 Rio Rancho Blvd.         $ 2,175,000
• 12.1 acres – industrial @ Unser @ I-40                          $ 1,317,000  
• 4 acres – industrial @ Journal Center II                         $    900,000
• 56,345 sf – industrial @ Venice & I-25                           $    436,673
• 2 acres – industrial @ Journal Center II                          $    360,000

BUILDINGS:

           INDUSTRIAL

• 26,400 sf – distribution @ 3901 Masthead NE                $ 2,310,000
• 29,000 sf – distribution @ 4101 Masthead NE                $ 2,250,000
• 28,000 sf – laboratory @ 4301 Masthead NE                  $ 2,400,000
• 105,000 sf – manufacturing @ 4300 Alexander NE         $ 3,400,000
• 20,000 sf – cabinet shop @ 4810 Pan American NE       $ 1,135,000
• 20,000 sf – wholesale tile @ 5600 Venice NE                 $ 1,627,000
• 17,000 sf – wholesale tile @ 5601 Venice NE                 $ 1,140,000

 
INVESTMENT

• 189 unit Summit - apts @ 3901 Indian School Rd NE    $11,950,000
• 176 unit Dos Santos – apts @ 2210 San Miguel, Santa Fe    $11,100,000
• Memorial Hospital @ acute care psych. hosp. (leased)     $  2,250,000
• 6,900 sf – retail @ 2415 Southern Blvd. Rio Rancho       $  1,690,000
• 49 unit Theta – apts @ 3900 Tulane NE                         $  1,910,000
• 240 unit Rio Volcan – apts GP Interest @ 1919 Ladera NW     $  1,015,000
• 22 unit Ridgecrest Townhouse – apts @ 1014 Carlisle SE       $  1,135,000

What Joe's Clients Say...

"Excellent job!" - W. Fitch

"I would recommend Joe and Metro Commercial to everyone I know." - M. McKinley