Industrial Sale-Leaseback
Industrial
for Sale
| Catylist Listing ID: |
30348767 |
| Property Subtypes: |
Manufacturing
|
| Building Size (RSF): |
30,774 SF
|
| Gross Land Area: |
18.50 - 39.90 Acres
|
| Sale Price: |
$3,000,000 |
| Unit Price: |
$97.48 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN) |
| Building Name: |
Flexible Liner Underground Technology Mfg. Facility |
| Sale Terms: |
Sale/Leaseback |
| Cap Rate: |
8.0% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
9/20/2021 |
Overview / Comments
|
This is an 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%.
|
Additional Details
| Nearest MSA: |
Espa |
| County: |
Rio Arriba |
| Taxing Authority: |
Rio Arriba County |
| Tax ID/APN: |
1050130488069 |
| Zoning: |
RURAL INDUSTRIAL |
| Property Located Between: |
Alcalde and Velarde NM |
| Highway Access: |
NM State Highway 68 with turn-in, turn-out in both directions. |
| Site Description: |
Located in a rural area on the west side of NM 68 between Alcalde NM and Velarde NM in an Opportunity Zone associated with Census Tract 3 in Rio Arriba County (FIPS 35039000300). Turn lane access available from both directions on NM 68. About 45 minutes north of Santa Fe, NM. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
3 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Renovated: |
2013 |
| Roof Type: |
Gable |
| Construction/Siding: |
Steel Frame |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Heat Source: |
Ceiling Units |
| Lighting: |
Fluorescent, High Pressure Sodium |
| Internet Access: |
Satellite |
| Zoning Description: |
Rural zoning |
| Water Service: |
Well |
| Sewer Type: |
Septic |
| Easements: |
Ingress/Egress |
| Land Ownership: |
Fee simple |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
1,341 |
7,264 |
| Median Age: |
35.15 |
36.84 |
| Households: |
489 |
2,711 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Association of REALTORS® New Mexico nor
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