1091 State Hwy 68

$3,000,000

1 of 11

1091 State Hwy 68

$3,000,000

  • 30680 sqft

Contact Presenting Broker

    SIR

    Sotheby's International Realty ®

    (800) 409-7325

    Key Features

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

    About this Property

    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
    • Sewage: Septic
    • Gas: Natural
    • Days On Market: 949
    • Floor: Concrete Slab
    • Construction: Frame, Steel Siding
    • Extras: Fenced Parking, Kitchen Area, Loading Dock, Outside Storage, Overhead Doors, Refrigerated AC, Reinforced Flooring, Restrooms, Security System, Water Heater

    Neighborhoods

    Nambe Area

    The areas to the north between Santa Fe and Taos possess some of the most spectacular and varied landscapes in New Mexico. Beautiful communities line the Taos Gorge and the Rio Grande like Espanola, Velarde & Dixon along what is called the 'Low Road' to Taos. The 'High Road' is a scenic, winding road through the Sangre de Cristo Mountains that runs between Santa Fe and Taos. Among the quaint

    Schools

    Listing Brokerage

    IDX listing

    Tai Bixby

    NAI Maestas & Ward

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    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.