OFFER SUMMARY Richmond NE. Albuquerque, NM Virtual Tour at

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1 OFFER SUMMARY 2823 Richmond NE Albuquerque, NM Virtual Tour at

2 The Offering On behalf of the owner, NM Apartment Advisors Inc., is pleased to present a new to market, owner occupant office building with 24 offices, three conference rooms, two lobby areas, two kitchen areas and three server/ phone rooms. The property is currently owner occupied, but slated to be vacant Q Owner is open to leasing back between now and then. The Property The property is located directly south of the Blake s Lotaburger office/warehouse campus. Located equidistant to three freeway entrances/exits: Interstate 40/Carlisle Blvd., Interstate 25/Candelaria Blvd. and Interstate 25/Montgomery Blvd, the property is positioned for the owner occupant who needs to be downtown, uptown, or headed on the road to Santa Fe all in a matter of minutes. CBC 2823 Richmond NE Albuquerque NM Business Center 2823 Richmond NE competitive advantage is its close proximity New Mexico s Big I, and its location is the epi-center of Albuquerque's major employment centers, Downtown, the North I-25 corridor, and Uptown all within couple of miles. The configuration of the building makes it easy to be used by one larger tenant, or two medium size tenants who would have separate lobby s and kitchen areas, but shared bathrooms. The owner recently replaced the roof and has performed numerous upgrades over the last few years. Disclosure: The owner of the property is the landlord and friend of the listing broker. Address 2823 Richmond NE Building Size: 6,195 sf Land Size: 0.46 Acres # of suites: 2 # of stories: 1 YOC: 1987 per county assessor records Zoning C-3 moves to NR-C on 5/17/2018 in new IDO # of Parking 32 Spaces Parking Ratio: 5.1 per 1,000 sf Price $669,723 $108.11/sf Cap rate Occupancy 8.03% at $15.20/sf FS 100% as of 4/2018 0% as of 10/1/2018

3 APOD

4 IRR

5 Lease Comps

6 Sale Comps

7 The Location Located just north east of the New Mexico s Big I, 2823 Richmond NE is also just south of the Blake s Lotaburgers corporate campus, a short bike ride from Albuquerque's brewery district. The location is also half way between the Iconic Green Jeans Farmery and the entertainment district featuring Main Event, and the soon to open Trampoline park. 2823

8 2823 Richmond NE In a 3 mile radius around the subject portfolio of properties there are 103,734 people (2010 census) and 95,072 employees in 10,378 businesses Richmond is located in the epicenter of New Mexico s largest employment centers. Average Household Income North I 25 corridor 27,260 employees 4,434 employers 2823 Richmond BC NE Albuquerque NM Business Center Downtown CBD 38,305 employees 2,928 employers Uptown CBD 15,350 employees 1,764 employers

9 2823 Richmond NE A virtual tour of the property is available at

10 2823 Richmond NE - Virtual Tour A virtual tour of the property is available at

11 Zoning The City of Albuquerque s new IDO zoning goes into effect o May 17th, 2018, which will change the property s current zoning of C-3 to NR-C or non-residential commercial zone. More info can be found at

12 Photography Exterior

13 Photography Exterior

14 Photography - Interior Front Lobby

15 Photography conference rooms (3)

16 Photography - typical offices

17 Photography - cubicle offices

18 Photography - kitchen break rooms

19 Photography - supply / copy areas

20 Photography - rear lobby

21 Photography - server / phone rooms (3)

22 Photography - rest rooms

23 Key Dates Register online for the tour and offering memorandum at Virtual online tour at Todd Clarke Marketing Advisors The owner and property are represented by Todd Clarke CCIM of NM Apartment Advisors, who has a quarter century of experience of marketing investment properties in the New Mexico. CEO NM Apartment Advisors Inc. NMREC Lic. # TODD tclarke@nmapartment.com Richmond BC NE Albuquerque NM Business Center