1091 State Hwy 68, Velarde, 87582

Beds
Baths
30,680Sqft
18½Acres
Built
292DOM

$3,000,000

Keller Williams
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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

Listing Agent: Tai Bixby Associates
Listing Office: Keller Williams

Essential Information

MLS® #: 201805302
Price: $3,000,000
Square Footage: 30,680
Acres: 18.50
Type: Commercial Building
Sub-Type: Industrial
Status: Active

Community Information

Address: 1091 State Hwy 68
Area: 36-Velarde
City: Velarde
County: Rio Arriba
State: New Mexico
Zip Code: 87582

Amenities

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

Interior

Interior: Concrete Slab

Exterior

Roof: Metal - Propanel, Pitch
Construction: Frame, Steel Siding

Additional Information

Date Listed: November 6th, 2018
Days on Market: 292

Financials

$/SqFt: $98

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