1091 State Hwy 68

  • Price: $3,000,000
  • MLS: 201805302
  • Status: Active
  • Type: Industrial
  • Acres: 18.5
  • Area: 36-Velarde
  • Total Sqft: 30,680

Presenting Broker

Tommy Gardner

Tommy Gardner

(505) 920-8001

Email Me

Santa Fe Comm. Real Estate, LLC
64 Amberwood Loop
Santa Fe, NM 87501
Direct: 505-919-8819

New Field
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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%.

Additional Features

  • Type: Industrial
  • Days On Market: 37
  • Floor: Concrete Slab
  • Construction: Frame, Steel Siding
  • Sewage: Septic
  • Gas: Natural
  • Extras: Fenced Parking, Kitchen Area, Loading Dock, Outside Storage, Overhead Doors, Refrigerated AC, Reinforced Flooring, Restrooms, Security System, Water Heater
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Schools

Listing Brokerage

Tai Bixby Associates

Keller Williams

IDX listing
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 Sotheby's International Realty are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.