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CAPITAL MARKETS | INVESTMENT PROPERTIES
ALBUQUERQUE , NEW MEXICO
2101 MOUNTAIN
THE OPPORTUNITY
INVESTMENT HIGHLIGHTS + 100% Net Leased Long-term Tenants with Annual Increases + Adjacent to Historic Old Town and Museum District + Most walkable neighborhood in the Albuquerque area with numerous restaurants, retailers and hotels in the immediate area
+ Project features mix of professional office users and restaurant + On-site covered parking garage - 3.7/1,000 Parking Ratio + New (2016) TPO Roof + Majority of HVAC Units have been replaced
CBRE, Inc., as exclusive advisor, is pleased to offer the opportunity to acquire 2101 Mountain Rd NW (the “Property”), a 16,056 square foot Class A Office Building located in San Felipe Plaza, Albuquerque, New Mexico within the charming and eclectic Old Town area.
TWO-TENANT 100% TRIPLE NET LEASED OFFICE BUILDING
INVESTMENT OPPORTUNITY
PROPERTY OVERVIEW
Address: 2101 Mountain Rd NWAlbuquerque, NM 87104
Description Class A Office Building
Sale Price: $3,500,000 ($218.00/SF)
CAP Rate: 7.7%
NOI (Year 1) $269,412.97
Rentable Building Area: ±16,056 SF
Number of Tenants 2
Leased: 100%
Year Built 1992
INVESTMENT OVERVIEW
2101 MOUNTAIN RD NW 2
© 2019 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness,completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID: L18 MapId: 6185376
SAWMILLREDEVELOPMENT
DISTRICT
SAWMILL MARKET
SITE
New HousingDevelopment
Planned Mixed-Use
Development
TIGUEX PARK
OLD TOWNPLAZA
MOUNTAIN RD
I-40
BELLAMAH AVE
RIO
GR
AN
DE
BLV
D
12th
STR
EET
CENTRAL AVE
Arbolera de Vida27± Acre Residential
93 Homes
2101 MOUNTAIN RD NW 3
FLOOR PLANS
FIRST FLOOR SECOND FLOOR
Sublessee
2101 MOUNTAIN RD NW 4
2101 MOUNTAIN RD NW 5
Albuquerque’s Historic Old Town was the heart of the City when it was founded in 1706. Today Old Town is still the cultural center of the City and home to numerous museums, hotels, over 100 shops and galleries and restaurants among the charming adobe Pueblo-Spanish style architecture.
The areas surrounding Old Town are beginning a hip new transformation as well. The adjacent Sawmill District which was primarily industrial is now being redeveloped into an eclectic mix of housing, businesses, museums, parks, schools and hotels. These changes coupled with Old Town’s heritage make this one of the most exciting areas of the City.
MUSEUMS
MULTIFAMILY & MIXED USE DEVELOPMENTS
SINGLE FAMILY RESIDENTIAL
HOTELS
COMMERCIAL DEVELOPMENT
OLD TOWN ALBUQUERQUE
ENTRANCE TO TIGUEX PARK
SUBMARKET OVERVIEW
2101 MOUNTAIN RD NW 6
ALBUQUERQUE MSA DEMOGRAPHICS
0-913.00%
10-1913.00%
20-2914.10%
30-3913.40%
40-4912.20%
50-5913.70%
60-6911.40%
70-796.00%
80+3.30%
MSA POPULATION BY AGE
POPULATION GROWTH - NEXT 5 YEARS
0.83% USA
0.43% NEW MEXICO
0.64% ALBUQUERQUE
MEDIAN HOUSEHOLD INCOME
% OF POP W/BACHELOR’S DEGREE OR HIGHER
31.8% USA
27.4% NEW MEXICO
31.7% ALBUQUERQUE
$58,100 USA
$47,457 NEW MEXICO
$52,667 ALBUQUERQUE
Source: Esri
2018 ESTIMATED POPULATION 931,402
2023 PROJECTED POPULATION 961,704
GROWTH 2010-2018 0.59%
GROWTH 2018-2023 0.64%
AVERAGE AGE 37.7
2018 ESTIMATED MEDIAN HH INCOME $52,667
2023 PROJECTED MEDIAN HH INCOME $57,219
2018 ESTIMATED HOUSEHOLDS 360,330
INVESTMENT SALE OFFERING
ALBUQUERQUE , NEW MEXICO
2101 MOUNTAIN
TWO-TENANT 100% TRIPLE NET LEASED OFFICE BUILDING INVESTMENT OPPORTUNITYCAPITAL MARKETS | INVESTMENT PROPERTIES
© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. All marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Prior to including any photos in any materials, you must first make sure that CBRE has the right to use such photos from the copyright owner, and determine whether our marketing materials must include a credit to the copyright owner.
EXCLUSIVEADVISORS
Investment Properties
TOM JENKINS, CCIM, SIORFirst Vice President+1 505 837 [email protected]
BARBARA CUOCOAssociate+1 505 837 [email protected]
Property: 2101 Mountain Rd NW, Albuquerque, NM 87104
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.
By:
Title:
Date:
Signature:
PLEASE EXECUTE AND RETURN TO Barbara Cuoco
Fax 505-837-4994 Email: [email protected]
**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 2% 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.
