3188 Southern Blvd SE

***SELLER FINANCING - AVAILABLE with $595,000 (USD) Downpayment*** First Time On Market to Sell!!! Get ready for "Intel® Quantum SDK. Preparing the next generation of experts for a world of quantum computing World-changing quantum computing is coming. Intel Quantum SDK is helping the experts of tomorrow hit the ground running." Subcontractors will want to have an office / mini manufacturing / creative space close to Intel to get into the Generative AI massive world movement in the Tech Industry! This Building has it all!! Location, Location, Location! Cap Rate: 5.449% Cash-on-Cash Return (Yr 1): 16.5% 3 Phase Electrical System: Two 800 Amp Panels & One 300 Amp Panel. The roof has been designed to have Solar Panels installed if the New Buyer decides to. As per Owner/Seller: Located in an optimal unique corner of Rio Rancho's original main commerce street; Southern Blvd SE. Access Intel straight from Sara Rd To 528 South Bound or continue east on Southern Blvd. SE to access HWY 528 (Pat d'Arco), northbound to northern Rio Rancho, Bernalillo, Santa Ana, or HWY 25 to Santa Fe. Great Investment Opportunity! Southern Blvd SE was newly paved within the last three to five years. Between two major banks; Bank of America & First American Bank. New trees, bike lanes, benches, and walkable sidewalks. *Fully occupied/leased. 10 Spaces, plus 1530 x2 sq. ft. for mini manufacturing of *Generative AI Production. Property at a busy four-way intersection. The visibility is unmatched. More than 50% of residents live within a five-mile radius of the property. Property owned free & clear. Reasonable owner finance terms are available to the approved Buyer. The property is 100% leased with a healthy positive cash flow. Plus a waiting list of potential tenants desiring to lease space. Highly desirable location! *10 Fully occupied offices with a Jiu-Jitsu Learning Facility of 1530 sq. ft. plus an upper-level mezzanine of approximately 320 sq. ft. (+-). Also, another mirrored space of 1530 sq. ft. is presently a multi-cubical office for another tenant. *** These spaces are underutilized as far as rent amounts are concerned. ***Owner/Seller is willing to offer concessions for the proposed new offices, R&D Flex Spaces/"Generative AI production spaces. Once constructed, possibly would be able to receive additional monthly rent(s) of at least $10,000 (USD). Present Executive Offices/Rents are below market lease rates. Seven out of the 10 tenants are on month-to-month rent payments by design. Three tenants are on year leases. *** The new Buyer can modify the existing rents to meet present lease/rent rates that add to existing rents a range from $3,000 to $7,500 (USD) per month. ***PRO-FORMA Cap Rate of 8.52% to 12.35% ***PRO-FORMA NOI of $135,914 to $196,914. ***Please Note: Calculations are expressed estimations as possible newly added spaces.