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Velarde, This is an excellent investment offering an 8% cap | 1091 State Hwy 68 Velarde NM | 56311

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Velarde, This is an excellent investment offering an 8% cap

Location:
1091 State Hwy 68, Velarde, NM
Description:

This is an excellent investment offering an 8% cap rate with a 5yr, 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. 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 heave 3-phase power, 2 wells, and natural gas. Additional land is available. The facility is on rural land on New Mexico State Highway 68 about 45 minutes north of Santa Fe and one hour and 45 minutes from Albuquerque, NM. The seller will reserve a ROFR and option to buy back the building.
Property Type:
Commercial & Office Space for Rent
Sq feet:
1,869 sq. ft.
Posted:
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More About this Listing: Velarde, This is an excellent investment offering an 8% cap
Velarde, This is an excellent investment offering an 8% cap is a Office Space for Rent at 1091 State Hwy 68 in Velarde NM. Find other listings like Velarde, This is an excellent investment offering an 8% cap and listings near 1091 State Hwy 68 by searching Oodle Classifieds for Office Space for Rent in Velarde NM.