Trane | Single-Tenant Industrial Investment

Industrial for Sale
Catylist Listing ID: 30343821
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Net Leased, Warehouse/Distribution
Building Size (RSF): 18,800 SF
Gross Building Area: See Agent
Gross Land Area: 1.60 Acres
Sale Price: $3,688,000
Unit Price: $196.17 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Trane
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Last Updated: 12/10/2018

Overview / Comments

• Long-term lease extension
- About 7 years of lease term remaining through September 30, 2025
• Strong commitment to location from tenant
- Built to Trane's specifications as a build-to-suit in 2011
- Trane has had a long and successful operating history at the property
• Newer concrete tilt-up construction
• Building size: ±18,800 SF
- Office: ±12,200 SF
- Warehouse: ±6,600 SF
• Extremely strong, international tenant
- Wholly owned subsidiary of Ingersoll-Rand
- HVAC accounts for 64% of Ingersoll-Rand's total revenue
- $14.2 billion - total revenue in 2017
• Close proximity to Interstate 25
• Neighboring tenants include the recently expanded Presbyterian offices, Honeywell, Sumco USA Corporation, Arizone Tile, Daltile, The Overhead Door Company, and the newly developed Broadstone Northpoint (226-unit Class A multifamily project)

Attachments & Media

Financials

Finance Data Year 2017
Net Operating Income $239,700 (Annual)

Current Tenants

Tenant Business Name Trane
SF of Space Occupied 18,800 SF

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: North I-25
Tax ID/APN: ABQ11525
Tenancy: Single Tenant

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,335 54,782 188,386
Median Age: 35.6 42.58 41.48
Households: 2,330 22,637 81,566

Contact

Photograph of Listing Agent

Cole Flanagan

NAI Maestas & Ward CARNM CIE Member
Photograph of Listing Agent

Jake Mechenbier

NAI Maestas & Ward CARNM CIE Member
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