Velarde, This is an excellent investment offering an 8% cap
1091 State Hwy 68, Velarde, NM
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.
Commercial & Office Space for Rent
1,869 sq. ft.