investment summary casa de la paz u 218 yale se | … · 2018. 4. 30. · floorplans – isometric...
TRANSCRIPT
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INVESTMENT SUMMARY Casa de la Paz
218 Yale SE | Albuquerque, NM 87106
U N M
F O U R P L E X
L E E D
P L A T I
N U M
Virtual Tour www.nmapartment.com/yale3d Confidentiality Agreement: www.nmapartment.com/yale218
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The Offering On behalf of the owner, NM Apartment Advisors Inc. Is excit‐ed to bring to market one of the few LEED Platinum standard apartment communities in the heart of University area . This new(er) building was con‐structed in 2013 and in addition to meeting the criteria for high energy efficient, it offers digital locks, built‐in washers/dryers, and high end finishes/surfaces.
Address 218 Yale SE Albuquerque, NM 87106
Number of Units
4
Year of construction:
2013
Bldg. Size Net Rentable
2,700 sf per
building plans
Parking
Avg. Unit Size 675 square feet
Avg. Rent $850 + utilities
$1.26/sf
Site 0.16 acres
List Price $576,218
$/ unit $144,055
$ /sf $213.41
GRM 14.87
Cap Rate Before reserves
5.20%
Cap Rate After reserves
5.0%
Year 1 NOI $28,859
IRR Before Tax 11.50%
IRR After Tax 8.70%
Amenities Digital coded locks for common area gates and unit doors, washer/dryers in each unit, built to energy efficient LEED Platinum standard.
5 spaces on site accessed via alley to the east
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Annual Property Operating Data (APOD)
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5 year hold analysis with internal rate of returns (IRR)
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Comparable Sales
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Upside ‐ Vacation Rental Potential
Source: The subject property was master leased by a vacation rental entrepreneur for a period of 5 years, until they moved to Oregon. According to AirDNA, Albuquerque is an A loca-tion for vacation rentals
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Photographs
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Photographs
Residential Unit Digital lock
Common area gates Digital lock
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Photographs
Combo Heater/Refrigerator air unit
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Interior Photographs
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Photographs
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Photographs
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Photographs
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Photographs
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Floorplans
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Floorplans – Isometric
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Site plan & Value Add Oppurtunities
Value Add components The developer built the property with the finishes and standards that would make it an easy conversion to individual condo units. Some owners in the area charge a $25 per parking space fee as there is high de-mand for parking in close proximity to UNM & CNM.
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Floorplans – Landscape plan and plants
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Leadership in Energy & Environmental Design (LEED)
About LEED LEED was developed by the US Green Building Council as a 3rd party certification program based on performance based rating system that was designed to accelerate the development and implementation of sustainable building practices. LEED certified buildings: • Provide for low operating costs through
efficient use of energy and water • Reduce harmful greenhouse gas and
ozone‐depleting emissions • Provide for healthier and safer environ‐
ments for occupants • Reduce waste sent to landfills • Often qualify for expedited approvals,
tax rebates, zoning allowances and other incentives
• Demonstrate to customers and the local community an owner’s commitment to environmental stewardship and social responsibility
To the best of the owner’s knowledge, the four units were the first in Albuquerque, NM that was certified as a LEED For Homes Platinum energy rating (meaning it scored more than 90 points for energy efficient). Additional info on LEED, or Leadership in Energy & Environmental Design can be found at https://en.wikipedia.org/wiki/Leadership_in_Energy_and_Environmental_Design A list of NM property’s that confirm the various levels of LEED standards can be found at https://www.usgbc.org/projects/list?keys=albuquerque&=Search The property’s score card can be viewed at https://www.usgbc.org/projects/casa-de-la-paz-townhomes?view=scorecard
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This community has hit the trifecta in high walk, bike and transit scores. Did you know? According to the Apartment Association of NM, those communities that are in the top 10% of walk, bike or transit scores are able to col‐lect rents 24%‐26% higher than the average?
The Location
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The Neighborhood
UNM Park &
Ride
This community located directly east of the main part of the University of NM’s campus and at the gateway to Albuquerque's Nob Hill gourmet row.
New Titan / Alliance Mixed use Residential
development
UNM Hospital
Presbyterian Hospital
UNM enrollment: 27,353 (2015)
CNM enrollment: 28,263 (2012)
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The Neighborhood happenings The University of NM is undergoing a dramatic expansion with over $150M in new construction in additions to its business school, engineering school, and medical campus.
New ART “subway with a view”
- Lobo Stop station
Subject
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Quick View
2014 Enrollment: 343
Full-time Faculty: 42
Close community encourages one-to-one faculty-student contact
One of the best and most competitive tuition rates in the country
State-of-the-art hands-on clinic enables students to hit the ground running
Highly ranked for popularity, diversity, and value
218 Yale is located between of main UNM and CNM Campuses
This community is within walking of the main campus and bik-ing distance of the UNM law and medical campuses.
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The Market—Albuquerque, NM Although the rest of the country might know Albuquerque for its award winning TV Show, Breaking Bad, astute investors are looking at Albuquerque as the place to invest.
With neither a boom or bust mentality, Albuquerque has a strong record of rent increases and a lack of new product. This results in high barriers to entry for competing apartments making multifamily invest-ment a solid choice.
Thanks to major employers like Sandia National Laboratories and Intel Albuquerque is home to more PhD’s per capita than in any city in North America.
Albuquerque has an exceptional quality of living, offering over 147 miles of hiking and biking trails inside the city as well as mile high Sandia mountains, and North Americas largest cottonwood forest, Albuquerque is known for its 300+ days of sunshine, skiing and golf in the same day, stunning sunsets, and abundance of outdoor activities, Albuquerque is the amenity for most apartment residents.
#1 place where home prices are
likely to rise
Albuquerque,NewMexicointhenews Forbes Ranks Albuquerque #8 in Best Cities for Jobs UNM Schools Ranked Among Best
Albuquerque Named 25th Among America's Hottest Job Markets
Washington Business Journal—Bizjournal September 2007
Albuquerque Named Among the 50 Best Adventure Towns
New Mexico Ranked Fifth Nationally for Manufacturing Momentum
Albuquerque Ranked #9 Among Cities for Most Educated Workforce
New Mexico Ranked #7 for Pro-Business Climate (#1 in the Southwest)
Albuquerque Ranked #2 Arts Destination
AmericanStyle Magazine, June 2007
Albuquerque Named Among the Top 20 Metros for Nanotech
Albuquerque Named one of the Top 20 Midsize Cities for Doing Business Inc.com, April 2007
Albuquerque Fittest City in the Nation
Albuquerque One of America's 50 Hottest Cities,
Albuquerque Named a Top 10 City for Movie Making,
MovieMaker Magazine, Winter 2007
Albuquerque Ranked 3rd Smartest City to Live,
Albuquerque One of the Top Metros in U.S. Overall for Public Schools- Expansion Management, May 2006
Bizjournals Survey Ranks Albuquerque 18th for Jobs,
BizJournals, November 2006
Albuquerque Best in Nation for Business and Careers
Forbes Magazine Ranks Albuquerque as 5th Best Metro Overall and Lowest Cost City for Doing Business- Forbes, May 2005
6th best city in US for connecting workers to jobs using Public Transportation
Brookings Institute—July 2012
One of the 10 best park systems in the nation
Trust for Public Land—2012
3rd most fittest city
Men’s Fitness Magazine– 2012
3rd best city to make movies
Moviemaker.com– June 2012
Top 25 best places to Retire
CNNMoney.com—Sept. 2011
15th best city in Bloomberg’s Business Week (best cities)
Bloomberg’s Business Week—2011
#17th best bike friendly city
Bicycling Magazine—2010
Top Ten for Being a Healthy Community
Outside Magazine—#6—August 2009
One of the Best Cities in the Nation
Kiplinger Magazine—#2—July 2009
Top 10 places to Live
U.S. News & World Report—June 2009
AAA rates Albuquerque 2nd in vacation affordability
American Automobile Association—June 2008
UNM Anderson School Ranked in Global 100
Aspen Institute, October 2007
9th best mid-sized city of the Future
Foreign Direct Investment magazine—03/2015
6th best city to travel to for food snobs
Travel+Leisure—03/2015
3rd best city for rent growth
All Property Management as reported in ABQ Journal—10/2013
America’s best city for Global Trade for Skilled Workforce
Global Trade magazine—11/2014
#1 City in SW “20 Game Changers redefining the west”
Sunset Magazine—01/2018
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Marketing Advisors
Property Tour : Do not disturb tenants, email Listing Agent for info.
Register online for the info at www.nmapartment.com/yale218
Todd Clarke CEO
NM Apartment Advisors Inc.
Lic. #13711
505‐440‐TODD
www.nmapartment.com
Information