CBRE CAPITAL MARKETS | INVESTMENT SALE OFFERING ALBUQUERQUE FLEX PORTFOLIO 5 Building Investment Opportunity | 8% Cap Rate with Stable Cash Flow and Credit Tenants CBRE, Inc. as exclusive advisor, is pleased to offer the opportunity to acquire the Albuquerque Flex Portfolio (the “Property”), consisting of 5 office and industrial/flex buildings totaling 50,282± SF. The buildings are in the North I-25 and Southeast Heights submarkets. The portfolio is currently 95% occupied with loyal long-term tenants. This portfolio provides investor with the opportunity to acquire cash flowing assets with value-add potential. The Portfolio can also be separated into two properties (Jefferson Property and Central Property) and purchased separately. THE OFFERING Building Square Footage 50,282± RSF 5 Buildings Occupancy 95% List Price $5,417,000 In-Place NOI $433,425 Cap Rate 8% Year Built 1985 - 1999 Investment Summary INVESTMENT CONTACTS TOM JENKINS First Vice President +1 505 837 4901 [email protected]BARBARA CUOCO Associate +1 505 837 4919 [email protected]DEBT & STRUCTURED FINANCE CONTACT PETER GINERIS Senior Vice President +1 505 837 4997 [email protected]
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Albuquerque Flex Portfolio | Albuquerque, NM1
CBRE CAPITAL MARKETS | INVESTMENT SALE OFFERING
ALBUQUERQUE FLEX PORTFOLIO5 Building Investment Opportunity | 8% Cap Rate with Stable Cash Flow and Credit Tenants
CBRE, Inc. as exclusive advisor, is pleased to offer the opportunity to acquire the Albuquerque Flex Portfolio (the “Property”), consisting of 5 office and industrial/flex buildings totaling 50,282± SF. The buildings are in the North I-25 and Southeast Heights submarkets. The portfolio is currently 95% occupied with loyal long-term tenants. This portfolio provides investor with the opportunity to acquire cash flowing assets with value-add potential.
The Portfolio can also be separated into two properties (Jefferson Property and Central Property) and purchased separately.
THE OFFERING
Building Square Footage50,282± RSF 5 Buildings
Occupancy 95%
List Price $5,417,000
In-Place NOI $433,425
Cap Rate 8%
Year Built 1985 - 1999
Investment Summary
INVESTMENT CONTACTS TOM JENKINS First Vice President +1 505 837 4901 [email protected]
PETER GINERIS Senior Vice President +1 505 837 4997 [email protected]
Albuquerque Flex Portfolio | Albuquerque, NM2
ASSET PROFILE
Addresses:8509 & 8519 Jefferson St NE 14800, 14810 & 14820 Central Ave SE
Net Rentable Area:±50,282 RSF
Leased:95%
Building Details:5 office and flex/industrial buildings
Years Built:1985 - 1999
INVESTMENT HIGHLIGHTS
Diverse Suburban Flex Portfolio• The Albuquerque Flex Portfolio consists of two (2) commercial properties totaling five
buildings with a combined 50,282± square feet.
• The properties include two single-tenant flex buildings, and three office/warehouse (flex) buildings all of which were built between 1985 – 1999.
• The portfolio is currently 95% leased to a mix of five national & regional tenants.
Value-Add Opportunity• The Portfolio has historically operated at stabilized occupancy levels. The sale will
provide an investor the opportunity to add value by leasing up the vacancy at 14800 Central Ave (2,905 SF).
Credit Tenancy• The Albuquerque Flex Portfolio is comprised of a diverse rent roll of 5 tenants. The
anchor tenants of the portfolio are AMEC, a subsidiary of Wood Environmental, a multi-national firm with annual revenues in excess of $10 billion and AMO WaveFront Sciences, a subsidiary to Johnson & Johnson (JNJ: AAA) occupying 25% of the Portfolio.
Location / Desirable Submarket & Business Parks• The assets are all well located, with close proximity to Interstate 25, approximately
six miles from downtown Albuquerque, within established business parks and situated in the desirable North I-25 and SE Heights submarkets.
• North I-25 is the largest office submarket within Albuquerque and serves as a regional commercial hub with office & industrial parks near numerous shops, restaurants, and an abundance of desirable amenities.
Resale Potential / Optionality• The offering presents investors with the opportunity to acquire a diverse portfolio of
high-quality office and flex/industrial buildings at an attractive basis with sustainable in-place cash flow.
ALBUQUERQUE FLEX PORTFOLIO5 Building Investment OpportunityStable Cash Flow with Credit Tenants
Property: Albuquerque Flex Portfolio 14800, 14810 & 14820 Central Ave SE, Albuquerque, NM 87123
8509 & 8519 Jefferson St NE, Albuquerque, NM 87113 CONFIDENTIALITY AGREEMENT
We understand that your organization (the "Company") is interested in pursuing the acquisition of the above referenced property (the "Acquisition") involving Owner (collectively the "Owner"). To assist you in your evaluation of a potential acquisition of that certain property currently managed or controlled by Owner, we will provide you with certain information concerning the acquisition. As a condition to furnishing you with such information, Company agrees to treat confidentially such information and any other information (collectively the "Evaluation Material") which Owner, its affiliates, partners, lenders, employees, agents, attorneys, accountants, advisors or references (collectively the "Representatives") furnish to your Company. The term Evaluation Material will also include any analysis, compilations, studies or other documents prepared by Company or Company's Representatives containing, or based in whole or in part on, any information furnished by Owner. Company agrees that the Evaluation Material will be kept confidential by it and its Representatives and shall not, except as hereinafter provided, without the prior written consent of Owner, be disclosed by it or its Representatives other than for the purpose of evaluating the Acquisition. Moreover, Company further agrees to transmit Evaluation Material only to those of its Representatives who need such information for the purpose of evaluating the Acquisition and who shall (i) be advised by Company of this letter agreement (the "Agreement") and (ii) agree with Company to be bound by the provisions hereof. Company shall be responsible for any breach of this Agreement by its Representatives. In the event that the acquisition is not affected after Company has been furnished with Evaluation Material, Company will promptly deliver to Owner the Evaluation Material and all copies thereof, except for the portion of compilations, studies or other documents prepared by Company or its Representatives, without retaining any copy thereof. That portion of the Evaluation Material which consists of analysis, compilations, studies or other documents prepared by Company or its Representatives will be held by it and kept confidential and subject to the terms of this agreement or destroyed at the request of Owner. Such destruction will be confirmed by Owner. The term Evaluation Material does not include information which (i) becomes generally available to the public other than as a result of disclosure by Company or its Representatives, (ii) was available to Company on a non-confidential basis prior to its disclosure to Company by Owner or its Representatives, or (iii) becomes available to Company on a non-confidential basis from a source other than Owner or its Representatives; provided, however, that such source is not bound by a confidentiality agreement with Owner or its Representative. Although Company understands that Owner has endeavored to include in the Evaluation Material information known to it which it believes to be relevant for the purposes of Company's investigation, Company further understands that except as may otherwise be agreed in writing, Owner does not make any representation or warranty as to the accuracy or completeness of the Evaluation Material. Company agrees that neither Owner nor its Representatives shall have any liability to Company or any of its Representatives under this agreement for any cause whatsoever. This agreement shall be governed and construed in accordance with the laws of the State of New Mexico, may not be changed, waived or terminated orally and shall be binding upon the parties and their successors or assigns.
The Company confirms the understanding that any agreements between the Company and Owner concerning the Acquisition will exist only when such agreement is in writing and duly executed by the parties thereto. AGREED TO AND ACCEPTED BY: (Please Print Clearly) COMPANY: Address: City, ST, Zip: Phone: Fax: E-Mail: Please provide to receive important updates about this offering.
**Buyer’s Broker of Record (If applicable) BROKER: Address: City, ST, Zip: Phone: Fax: E-Mail: Please provide to receive important updates about this offering.
By: Title: Date: Signature: ** The listing for this asset provides for a 1.5% Buyer Broker commission should your Client be the successful offeror, provided you have a fully executed representation agreement with your Client and you hold an active NM Real Estate License. Signing & submitting, confirms that you have received and acknowledge the above and that any additional compensation required by you will be obtained from your Client and not the Seller or Seller’s Broker.
