Albuquerque Tortilla building

We are pleased to exclusively offer 1700 Desert Surf Circle NE and 4300 Alexander Blvd. NE, known as the Albuquerque Tortilla Property in Albuquerque, New Mexico with GREAT UPSIDE.  The property consists of two adjoining buildings containing approximately 186,000 sf on 8.5 acres located in the desirable North I-25 Corridor. The property benefits from its close proximity and easy access to Interstate 25 and I-40.

 The Albuquerque Tortilla Property is fully occupied and offers a stable income stream from two strong international food production tenants, that are committed to the property with a WALT of over 8 years. There is also a unique opportunity for potentially significant upside for a long term owner.

¨ 100% Occupied by two strong international tenants with WALT of 8.4

¨ ±186,000 SF within ± 8.5 Acres

¨ Year 1 Estimated NOI of $1,182,300 increasing to $1,343,843 in Year 2

¨ Going in cap rate of 6.16%, increasing to 7.00% in Year 2

¨ Priced well below replacement cost

¨ Close proximity to Interstate 25 and Interstate 40