industrial stnl investment or owner-user property for sale...albuquerque with a population of...

Features:

Absolute Investment Realty | 105 Jefferson NE Albuquerque, NM 87108 | 505-346-6006 | [email protected]

Sale Price: $780,000 ($120.00/SF)

NOI (Rental Income): $54,830.10 ($8.44/SF)

Cap Rate: 7.00%

Net Leased Investment – Potential Owner /User

Recent Construction (Built in 2007)

Highly Desirable Trade Area

National Credit Tenant

Below Market Rent

Below Replacement Cost

Upside Opportunity

Alfredo Barrenechea505-401-0135

[email protected]

Building Size: +/- 6,500 SF

Property Size: +/- 0.44 Acres

Zoning: NR-LM

Industrial STNL Investment or Owner-User Property for Sale5311 Oakland Ave. NE, Albuquerque, NM 87113

mailto:[email protected]?subject=Property Inquiry

http://www.go-absolute.net/

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Property Overview

Absolute Investment Realty has been selected as the exclusiverepresentative of the owner of this national-credit, single-tenant net leasedindustrial property located at 5311 Oakland Ave, Albuquerque, NM 87113.This 11 year old property is located in one of the most desirable trade areasof Albuquerque. Harrington Industrial Plastics is private US based supplier ofindustrial plastic piping and has operated at this property since it was built in2007. The building consists of approximately 20% office space and 80%warehouse space with 3 roll up garage doors. The property is fully paved witheasy access to I-25.

This property is an opportunity for an investor or owner user to acquire awell-maintained industrial property in a high-demand trade area. The buyerof this property can either negotiate a new lease at market rate with theexisting tenant, or enjoy the income for the remainder of the term and re-letor occupy the property.

Property Summary

Disclaimer: The information contained in this marketing package is believed to be reliable. Whilewe do not doubt the accuracy, we have not verified it and make no guarantee, warranty orrepresentation about it. It is your responsibility to independently confirm its accuracy andcompleteness. Additionally, this package and the information contained herein is intended only forparties with a bonified interest in the lease or purchase of this property and should not bedistributed otherwise.


Property Address: 5311 Oakland Ave. NE, Albuquerque, NM 87113

Property Description: Industrial Warehouse

Tenant: Harrington Industrial Plastics

Building Size: (+/-) 6,500 SF

Property Size: (+/-) 0.44 acres

Construction Type: Steel

Building Configuration: Approximately 20% office, 80% Warehouse

Drive-in Doors: 3, 10’wide x 14’ tall

Built: 2007

Zoning: NR-LM (Non Residential, Light Manufacturing)

Access: Full Turn Off Oakland Ave. Easy Access to I-25

Signage: Building and Monument Signage

Location: Located off Pan American Hwy and Alameda


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Financial Summary



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Lease Abstract

Tenant: Harrington Industrial Plastics, LLC

Property Address: 5311 Oakland Ave NE, Albuquerque, NM 87113

Sale Price: $780,000 ($120.00/SF)

Cap Rate: 7.00%

NOI $54,830.10 / Year

Lease Type: Absolute NNN

Property Type: Industrial

Building Size: (+/-) 6,500 SF

Property Size: (+/-) 0.443 Acres

Current Lease Term: September 1, 2014 - August 31, 2019

Current Rent: $54,830.10 per year ($8.46/SF)

Remaining Options: None

Initial Term: 5 Years: August 20, 2009 - August 31, 2014

Landlord Responsibilities: None

Tenant Pays: All expenses, including but not limited to: Property Taxes, Insurance, Repairs, Maintenance.

Use: Sales and warehouse of industrial plastic products

Year Start End $/SF $/Mo $/Yr

1 September 1 2014 August 31 2015 $8.09 $4,381.05 $52,572.56





• Rent increased by $0.2881/SF for 1st four years of Option Term as reimbursement

for new Landlord supplied HVAC system.

• Rents are NNN to Landlord

Rent Schedule – 1st Option Term (Present Lease Term)


SITE


Trade Area Map



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SITE

North Domingo Baca Park

Alameda Ave. (30,200 VPD)

Paseo Del Norte (53,800 VPD)(44,300 VPD)

(12,500 VPD)


Trade Area Demographics

Radius 1 Mile 3 Mile 5 Mile

Population (2018 Estimate) 4,379 52,023 160,617

Avg HH Income (2018 Estimate) $78,023 $87,926 80,255

Total Consumer Spending (2018 Estimate) 44,645,000 604,781,000 1,798,965,000

Daytime Population (# Employees) 14,933 55,493 118,314


Site Close Up

LOCATION DESCRIPTIONThis Property is located in North-I25 corridor in Albuquerque, NM. With excellent freeway access, higher level income demographics, and industrial zoning, the North-I25 corridor is one

of the most desirable trade areas in the city. Available land is scarce and sells at a premium relative to other industrial areas of the city. The property is located near the intersection of I-

25 and Alameda Blvd. Alameda Blvd. runs east-to-west and is one of only 7 river crossings in the MSA. I-15 is the primary north-south corridor in the city and serves multiple states and

major metro areas including Denver, Santa Fe and El Paso. The trade area is home to many national and local office and industrial tenants including Honeywell, Sumco USA, Presbyterian

Centennial Care, among others. Other nearby tenants such as Pete’s Top Quality Landscaping LLC, Thunderbird Harley Davidson, CarMax, Mercedes-Benz of Albuquerque, Larry H. Miller

Toyota, and several hotel brands and recently developed high-end apartment complexes.



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San

Mat

eo B

lvd

. (6

,10

0 V

PD

)

Oakland Ave. NE (600 VPD)



3x 14’ Roll Up Doors

Inviting Exterior and Great Parking

Highly Visible Location


Located off of busy Pan American Fwy and Alameda

11 parking spaces available

Exterior Photos


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About the Tenant



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Harrington Industrial Plastics, founded 1959, is an American based plasticsupply company providing top of the plastic line piping and fittings,valves, automation, instrumentation, tubing, hosing, filtration, tanks, FRPstructure, grating components, pumps and accessories. The company isheadquartered in Chino California and is currently overseen by CEO andPresident Jim Swanson, who has helped the company grow throughoutthe continental USA. Harrington Industrial Plastics offers a wide array ofproducts for a numerous industries that rely on plastics, including. Someof their products include pipes, tubing, hose & fittings, valves, filtrationproducts, tanks, plastic sheet, structural plastic and grating and pumpsand accessories. Harrington provides plastics solutions for some of theworlds most important industries including food processing, biofarm,semiconductor, petrochemical, aquatic, pulp and paper, and many others.This rapidly growing plastics supply company has over 50 locations withgross sales estimated to be near $500 million a year, and employs anestimated 500 people.

About Harrington Industrial Plastics

50 + Locations

Up to 500 Million in Sales Volume

Founded in 1959

Private Company

Corporate Tenant

500 estimated employees

Locations throughout the US and Mexico

Headquarters in Chino, CA


Products Offered:


Demographics

Consumer Spending Totals – 1 Mile

Households by Income – 1 Mile

Daytime Employees – 1 Mile



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Albuquerque is located in the Rio Grande Valley, and is shadowed by the majesticSandia Mountains. With a population of approximately 900,000 people, the metro areahas a projected growth rate of 7.2% over the next 2.5 years. Rio Rancho, a suburb ofAlbuquerque with a population of 89,900, has experienced explosive growth of over65% from 2,000–2010, is the fastest growing city in New Mexico, and one of thefastest growing cities in the United States.

Albuquerque is home to the University of New Mexico (UNM) and the University ofNew Mexico Hospital (UNMH) which together employ 20,210 people. Kirtland Air ForceBase and Sandia National employ a high-tech, educated work force of about 23,000people. Lying at the center of the New Mexico Technology Corridor, Albuquerque isranked as one of Forbes Best Cities for Business, for its concentration of high-techprivate companies and government institutions along the Rio Grande river valley. Somekey technology based employers include Sandia National Laboratories, Intel, Raytheonand Northrup Grumman. Albuquerque is a regional center for transportation, healthcare, government agencies, nuclear research, and tourism.

Albuquerque is host to the world famous Albuquerque International Balloon Fiestawhich draws over 1,000,000 visitors per year. Less than one hour away is the HistoricalCity of Santa Fe, which has year round outdoor activities, it also holds awards forquality of life, and low cost of living,.

Albuquerque, NM MSA


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Absolute Investment Realty



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Alfredo Barrenechea

Qualifying Broker

Alfredo specializes in the acquisition and disposition ofinvestment real estate and has experience in closing largeindustrial, office, and hospitality transactions. With over 11years of experience in the commercial real estate industry as adeveloper, landlord and broker Alfredo has worked with nation’stop tenants, investors and real estate investmentcompanies. Alfredo has a passion for helping his clients meettheir real estate investing goals and excels at closing complicatedtransactions. Alfredo has a an MS in Electrical Engineering and aBS in Computer Engineering from the University of New Mexicoand is a member of CARNM and ICSC.

Some of Alfredo’s Recent Transactions

Alfredo consistently achieves the Coveted Costar Power Broker award, which is only given to the top 5 brokers in the state.

Who We AreAbsolute Investment Realty is an investment oriented commercial realestate brokerage firm focused on helping our clients meet theircommercial real estate investment goals. Our clients range fromprivate local investors to multi-national REITS. We have closedtransactions throughout the United States and from around theworld. No job is too small or too large for our dedicated team ofprofessionals. We are experts on current market conditions andprovide expert advise on the best pricing and buying or sellingstrategies. We have industry wide connections and make it a policy towork hand in hand with our peers, principals and institutions to getthe deal done. We are second to none in our ability to identify, sell orlease investment quality real estate.

Our MissionAbsolute Investment Realty’s mission is to help our clients achievetheir commercial real estate goals.

How We Help Our Clients SucceedOur firm excels because we execute with attention to detail,exceptional financial analysis capabilities, second to none marketknowledge, and the highest level of customer service.

We start by understanding our client’s needs and working closely withthem to develop a customized acquisition, disposition, leasing ordevelopment plan specifically designed to help our clients reach theirgoals as expeditiously as possible.

Awards and AccoladesAwarded to the top 5 brokerage firms in NM, Absolute InvestmentRealty has achieved the coveted Costar Power Broker Award everyyear we’ve been in business.




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Disclaimer and ConfidentialityThis is a confidential marketing package indented solely for the reader’suse in determining its desire to express further interest in the lease orpurchase of this property, as appropriate. Additionally, this package andthe information contained herein is not for public distribution and isintended only for parties with a bonified interest in the lease orpurchase of this property and should not be distributed otherwise.

The information contained in this marketing package is believed to bereliable. While the broker does not doubt the accuracy, it has notverified it and the broker and property owner make no guarantee,warranty or representation about it. It is the reader’s responsibility toindependently confirm its accuracy and completeness. All financialinformation contained herein is provided as a general reference andshould not be treated as fact, but should be independently verified bythe reader of this material.

By receipt of this marketing package, the reader agrees to keep thispackage and all material contained herein strictly confidential andagrees to destroy or return this package to Absolute Investment Realtyupon the readers determination it has no interest in leasing orpurchasing the property. Additionally, the information contained hereinis not be utilized to the detriment of the property owner, AbsoluteInvestment Realty or its associated brokers, any tenant(s) of theproperty, or any other party affiliated with the property.

By receipt of this marketing package, the reader agrees it will notcontact or approach the property owner without express permission ofthe broker. And further that the reader will not contact or approach thetenant(s) or operator(s) of the property, if any, without the expresswritten permission of the property owner.

The property owner has absolutely no obligation to sell or lease theproperty to any person or entity regardless of proposed pricing orterms. Additionally, the property owner reserves the right, in it sole andabsolute discretion, to reject any or all offers or expressions of interestto purchase or lease the property.



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Harrington is a service leader in aquatic life support piping solutions



industrial stnl investment or owner-user property for sale...albuquerque with a population of...

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