1091 State Hwy 68

Velarde, NM
$ 3,000,000 Beds 0 Baths 0 Sq 30,680
Monthly Estimate* How much can I afford?

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%.

Commercial

  • Price
  • $ 3,000,000
  • Lot Size
  • 18.5 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 30,680
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Velarde
  • County
  • RIO ARRIBA
  • Style
  • Area
  • Velarde
  • MLS#
  • 201805302
  • Zip
  • 87582
Listing Provided by: Tai Bixby with NAI Maestas & Ward.
Data Source: Santa Fe Association of Realtors

Features

General

Bank Owned No
Building Use Industrial
Class COMMERCIAL BUILDING
Construction Frame, Steel Siding
Extras Fenced Parking, Kitchen Area, Loading Dock, Outside Storage, Overhead Doors, Refrigerated AC, Reinforced Flooring, Restrooms, Security System, Water Heater
Gas Y/N Natural
Lease Type Net
Legal Description a to-be-created 18.5 acre portion on the west side of a certain tract or parcel of land lying and being situate within the Sebastian Martin Grant (projected) Sections 17 and 20, T22N R9E, NMPM
Listing Area 36-Velarde
Miscellaneous Auto Bay, Delivery Door, Fencing, Gas Water Heater, Inside Storage, Outside Space, Security Lighting, Security System, Shelving, Truck Door
Possession Negotiable
Price Per Sq Ft 97.78
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)
Roof Metal - Propanel, Pitch
Showing Instructions 24 Hour Notice, Call Listing Office, ShowingTime
Status Active
Status Active
Tenant Pays Electric, Garbage, Gas, Internet Service, Other - See Remarks, Sewer, Water
Terms Cash, Conventional, Exchange
Type Industrial
Water Well - Existing, Well - Private

Interior Features

Electricity 3 Phase, Electric - 115v, Electric - 220v, Public
Flooring Concrete Slab

Exterior Features

Lot Sq Ft 805860
Parking Facilities Parking Area, Parking Lot
Sewage Septic
Water Rights Available Other - See Remarks, Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the White Rock, NM office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

4/28/2021 Listed $3,000,000

Property vs Zip Code Average in 87582

Price
AVG $3M
$3M

Map

1091 State Hwy 68 Velarde, NM is a Single Family Home for sale at $3000000 with 30680 sqft and a lot size of 18.5 Acres Acre(s). 1091 State Hwy 68 Velarde has 0 bedrooms, 0 baths . The property's zip code is 87582 which is in Velarde, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.