1091 State Hwy 68, Velarde

$3,000,000

0 Beds
0 Baths
30,680 Sqft
18½ Acres
0 Garages

This is an excellent investment offering at an 8% cap rate with a 5-year, absolute triple-net lease-back from Flexible Liner Underground Technologies (FLUTe), a manufacturer of patented environmental technologies. This offering is located in an Opportunity Zone as described in the 2017 Tax Cuts and Jobs Act with the potential for step up in basis, deferred capital gains or excluded capital gains subject to publication of final IRS rules. FLUTe is offering to sell their manufacturing facility and lease it back as part of a strategic move to free up capital for operations, expansion, and licensing of intellectual property. The main manufacturing building is 26,383sf sited near an office measuring 1,869sf, a conference/lounge building of 2,425sf and a residential trailer. The property is offered on 18.5 acres served by heavy 3-phase power, two wells, and natural gas. Additional land and water rights are available. The facility is on rural land on New Mexico State Highway 68 about 45 minutes north of Santa Fe and 1 hr and 45 minutes from Albuquerque, NM. The seller will reserve a ROFR and option to buy back the building for purchase price + 10%.

Listing Details
AgentTai Bixby Associates
OfficeKeller Williams
Essential Information
MLS® #201805302
Price$3,000,000
Square Footage30,680
Acres18.50
TypeCommercial Building
Sub-TypeIndustrial
StatusActive
Community Information
Address1091 State Hwy 68
Area36-Velarde
CityVelarde
CountyRio Arriba
StateNew Mexico
Zip Code87582
Amenities
ParkingParking Area, Parking Lot
Features

Fenced Parking, Kitchen Area, Loading Dock, Outside Storage, Overhead Doors, Refrigerated AC, Reinforced Flooring, Restrooms, Security System, Water Heater, Auto Bay, Delivery Door, Fencing, Gas Water Heater, Inside Storage, Outside Space, Security Lighting, Shelving, Truck Door

Interior
InteriorConcrete Slab
Exterior
RoofPitch, Metal - Propanel
ConstructionFrame, Steel Siding
Additional Information
Date ListedNovember 6th, 2018
Days on Market319
Listing Broker:Tai Bixby Associates
Listing Office: Keller Williams
LISTING MAP

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