1091 State Hwy 68

    Velarde, NM 87582
    • $3,000,000
    • STATUS: Active
    • ON SITE: 373 days
    • MLS #: 201805302
    UPDATED: 33 min ago
    $3,000,000
    • 0
      BEDS
    • 18.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 30,680
      SQFT
    • $98
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    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%.

    Monthly Payment Calculator



    © 2019 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than The Desmond Group are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-11-16T17:51:50.503.
    www.homesinsantafenm.com/homes/89235070

    1091 State Hwy 68 Velarde, NM 87582

    • Price: $3,000,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: 201805302
    0
    Beds
    0
    Baths
    0
    ½ Baths
    18.5
    Acres
    30,680
    SQFT
    $98
    $/SQFT
    Neighborhood:
    36-Velarde
    County:
    Rio Arriba
    Area:
    36-Velarde
    Property Description
    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%.
    Exterior Features

    Access Type Non-Ada Construction FrameSteel Siding Extras Fenced ParkingKitchen AreaLoading DockOutside StorageOverhead DoorsRefrigerated AcReinforced FlooringRestroomsSecurity SystemWater Heater Parking Facilities Parking AreaParking Lot Roof Metal - PropanelPitch

    Interior Features

    Floor Concrete Slab Miscellaneous Auto BayDelivery DoorFencingGas Water HeaterInside StorageOutside SpaceSecurity LightingSecurity SystemShelvingTruck Door Sq Ft Total Building 5000+

    Property Features

    Authority Rio Arriba Bank Owned No Building Currently Leased Yes Building Use Industrial Commercial Type Industrial Documents On File Aerial MapBoundary SurveyBuilding PlansLegal DescriptionNoiOther - See Remarks Electric 3 PhaseElectric - 115VElectric - 220VPublic Gas Natural High Speed Available Wireless Lease Type Net Lot Size Source Owner Owner Pays None Possession Negotiable Seller Will Lease BackSell in Entirety Sewage Septic Sq Ft Source Appraiser Telephone Landline On-Site Tenant Pays ElectricGarbageGasInternet ServiceSewerWaterOther - See Remarks Terms CashConventionalExchange Water Well - ExistingWell - Private Water Rights YesOther - See Remarks

    Listing provided courtesy of Tai Bixby Associates of Keller Williams. © 2019 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.


    © 2019 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than The Desmond Group are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-11-16T17:51:50.503.
     
    The Desmond Group
    130 Lincoln Ave. Suite 27
    Santa Fe NM, 87501