1091 State Hwy 68, Velarde


0 Beds
0 Baths
30,680 Sqft
18½ Acres
0 Garages

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%.

Listing Details
AgentTai Bixby
OfficeNAI Maestas & Ward
Essential Information
MLS® #201805302
Square Footage30,680
TypeCommercial Building
Community Information
Address1091 State Hwy 68
CountyRio Arriba
StateNew Mexico
Zip Code87582
ParkingParking Area, Parking Lot

Inside Storage, Shelving, Kitchen Area, Refrigerated AC, Restrooms, Water Heater, Fenced Parking, Loading Dock, Outside Storage, Overhead Doors, Reinforced Flooring, Security System, Auto Bay, Delivery Door, Fencing, Gas Water Heater, Outside Space, Security Lighting, Truck Door

InteriorConcrete Slab
RoofMetal - Propanel, Pitch
ConstructionFrame, Steel Siding
Additional Information
Date ListedNovember 6th, 2018
Days on Market609
Listing Broker:Tai Bixby
Listing Office: NAI Maestas & Ward

Santa Fe Association of Realtors Logo The data relating to real estate for sale in this Website comes in part from the Internet Data Exchange ("IDX") program of Santa Fe Association of REALTORS®, Inc. from a copyrighted compilation of listings. Real estate listings held by brokers other than Santa Fe Properties are marked with the IDX Logo. All data in this Website is deemed reliable but is not guaranteed accurate, and should be independently verified. The information provided is 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. All properties are subject to prior sale or withdrawal. All Rights Reserved.

Sign up for email updates