Z I a E A S T A P A R T M E N T S

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Cora O’Neal’
6 years ago
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1 INVESTMENT SUMMARY Irreplaceable Nob Hill Location 419 Monroe NE Z I a E A S T A P A R T M E N T S Albuquerque, NM

The Offering On behalf of the owner, NM Apartment Advisors Inc.

It is located facing Zia park and Zia Elementary school and within walking distance of the Nob Hills 80+ restaurants.

Seller is offering the property in As-Is condition. The Property List Price $3,495,000 $/ unit $69,900 $ /sf $107.

Proforma Avg. Rent $618 $739 GRM 9.42 7.88 Cap Rate Before reserves Cap Rate After reserves 6.89% 8.57% 6.60% 8.25% Bldg.

2 The Offering On behalf of the owner, NM Apartment Advisors Inc., is pleased to present a rare opportunity to acquire a stabilized, value add investment in the Zia East Apartments in Albuquerque, New Mexico. It is located facing Zia park and Zia Elementary school and within walking distance of the Nob Hills 80+ restaurants. The property is also within biking distance of the University of NM and sits between two major transit corridors (Lomas Blvd and Central Ave/ Route 66). The owner has a family style management that caters to the residents by offering a Zen like tranquility of serenity throughout the community. Seller is offering the property in As-Is condition. The Property List Price $3,495,000 $/ unit $69,900 $ /sf $ Address Number of Units Year of construction: 419 Monroe NE Albuquerque, NM per Bernalillo County assessor records Actual Proforma Avg. Rent $618 $739 GRM Cap Rate Before reserves Cap Rate After reserves 6.89% 8.57% 6.60% 8.25% Bldg. Size Net Rentable Gross 32,650 sf 33,000 sf Avg. Unit Size 653 square feet Avg. Rent $635 + with utilities Site 1.23 acres $0.99/sf Year 1 NOI $230,751 $288,243 Density 40 units to the acre Cash on Cash 8.98% IRR Before Tax 17.40% Zoning R-3 HVAC: Central forced air gas Roof or window mounted evaporative coolers IRR After Tax 13.80% Amenities Two laundry rooms, management office, each unit has exterior storage UPC#

3 Annual Property Operating Data (APOD) *Note: Owner has not provided agent actual financial statements, these are a best guess based on an interview with the owner.

4 5 year hold analysis with internal rate of returns (IRR)

5 Comparable Sales

Uptown Blvd NE, Suite 300 Albuquerque, NM 87110

6 Financing Term Sheet from Peter Generis Provided by Peter J. Gineris Senior Vice President I Debt & Structured Finance CBRE Capital Markets 6100 Uptown Blvd NE, Suite 300 Albuquerque, NM T F C peter.gineris@cbre.com

7 Floorplans Unit 1-1 Bedroom/ 1 bath Downstairs Unit 20-1 Bedroom/ 1 bath Downstairs Measurements provided by Matterport 3D Camera system - sizes/ dimensions should be confirmed by Buyer. 3D / Virtual Reality Tour at Unit Type Link 1 1/ /1

8 Property photographs

9 Property photographs Unit 1

10 Property photographs Unit 20

The Market Albuquerque, NM Although the rest of the country might know Albuquerque for its award winning TV Show, Breaking Bad, astute investors are looking at Albuquerque as the place to invest.

11 The Market Albuquerque, NM Although the rest of the country might know Albuquerque for its award winning TV Show, Breaking Bad, astute investors are looking at Albuquerque as the place to invest. With neither a boom or bust mentality, Albuquerque has a strong record of rent increases and a lack of new product. This results in high barriers to entry for competing apartments making multifamily investment a solid choice. Thanks to major employers like Sandia National Laboratories and Intel Albuquerque is home to more PhD s per capita than in any city in North America. Albuquerque has an exceptional quality of living, offering over 147 miles of hiking and biking trails inside the city as well as mile high Sandia mountains, and North Americas largest cottonwood forest, Albuquerque is known for its 300+ days of sunshine, skiing and golf in the same day, stunning sunsets, and abundance of outdoor activities, Albuquerque is the amenity for most apartment residents. #1 place where home prices are likely to rise Albuquerque, New Mexico in the news 9th best mid-sized city of the Future Foreign Direct Investment magazine 03/2015 6th best city to travel to for food snobs Travel+Leisure 03/2015 America s best city for Global Trade for Skilled Workforce Global Trade magazine 11/2014 3rd best city for rent growth All Property Management as reported in ABQ Journal 10/2013 6th best city in US for connecting workers to jobs using Public Transportation Brookings Institute July 2012 One of the 10 best park systems in the nation Trust for Public Land rd most fittest city Men s Fitness Magazine rd best city to make movies Moviemaker.com June 2012 Top 25 best places to Retire CNNMoney.com Sept th best city in Bloomberg s Business Week (best cities) Bloomberg s Business Week 2011 #17th best bike friendly city Bicycling Magazine 2010 Top Ten for Being a Healthy Community Outside Magazine #6 August 2009 One of the Best Cities in the Nation Kiplinger Magazine #2 July 2009 Top 10 places to Live U.S. News & World Report June 2009 AAA rates Albuquerque 2nd in vacation affordability American Automobile Association June 2008 UNM Anderson School Ranked in Global 100 Aspen Institute, October 2007 Forbes Ranks Albuquerque #8 in Best Cities for Jobs Forbes, October 2007 UNM Schools Ranked Among Best Hispanic Business- September 2007 Albuquerque Named 25th Among America's Hottest Job Markets Washington Business Journal Bizjournal September 2007 Albuquerque Named Among the 50 Best Adventure Towns National Geographic Magazine, September 2007 New Mexico Ranked Fifth Nationally for Manufacturing Momentum Business Facilities, June 2007 Albuquerque Ranked #9 Among Cities for Most Educated Workforce Business Facilities- June 2007 New Mexico Ranked #7 for Pro-Business Climate (#1 in the Southwest) Business Facilities, June 2007 Albuquerque Ranked #2 Arts Destination AmericanStyle Magazine, June 2007 Albuquerque Named Among the Top 20 Metros for Nanotech Wilson Center's Project on Emerging Nanotechnologies, May 2007 Albuquerque Named one of the Top 20 Midsize Cities for Doing Business Inc.com, April 2007 Albuquerque Fittest City in the Nation Men's Fitness, March 2007 Albuquerque One of America's 50 Hottest Cities, Expansion Management, February 2007 Albuquerque Named a Top 10 City for Movie Making, MovieMaker Magazine, Winter 2007 Albuquerque Ranked 3rd Smartest City to Live, Kiplinger s Personal Finance, May 2006 Albuquerque One of the Top Metros in U.S. Overall for Public Schools- Expansion Management, May 2006 Bizjournals Survey Ranks Albuquerque 18th for Jobs, BizJournals, November 2006 Albuquerque Best in Nation for Business and Careers Forbes, May 2006 Forbes Magazine Ranks Albuquerque as 5th Best Metro Overall and Lowest Cost City for Doing Business- Forbes, May 2005

The Zia East Apartments offers quick access to Interstate 40 and is equidistance to the

12 The Location The Zia East Apartments are located in the eastern end of the University submarket. The Zia East Apartments offers quick access to Interstate 40 and is equidistance to the Uptown and Downtown CBD s, and adjacent to the gourmet row of restaurants in Albuquerque s Nob Hill, making its primary amenity one of: location, location, location.

13 The Neighborhood The Zia East Apartments are located just north of Albuquerque s restaurant mecca, Nob Hill which is home to some 80+ restaurants. Jefferson Middle School Zia Elementary School Hike/Bike Path Highland Highschool

14 The Neighbor Directly south of the Zia East apartments is the newly renovated apartments. The owner / developer of these apartments have a long history of repositioning apartment product, restoring its original vibrancy and enhancing its market value. The second phase of Q@NobHill is located directly west of Zia East. $775 $1,075 Zia East

The Neighborhood happenings Zia east is located Albuquerque Rapid Transit (A.R.T.) slated to November 2017.

Association of NM demonstrated that apartment communities with high transit scores (or that were close to

15 The Neighborhood happenings Zia east is located Albuquerque Rapid Transit (A.R.T.) slated to November A rent survey mashup of walkscores, bike scores, transit scores and rents performed by the Apartment Association of NM demonstrated that apartment communities with high transit scores (or that were close to major transit lines), garnered rents that were 26% higher Zia East Apts New ART subway with a view - Nob Hill station

16 Area Demographics/Employment The Zia East Apartments are within a 10 minute drive time of a majority of the city including access to some 15,981 businesses, 149,627 employees, and 132,884 people whose average household income is $47,623. Household incomes in the immediate area or census block group average $34,524. North I-25 Corridor $61,550 $66,210 $56,450 $45,708 $48,871 $34,524 $31,890 According to Zillow, surrounding single family residential properties are valued between $260,000 to $350,000. Downtown CBD Uptown CBD

Key Dates Property Tour : Contact agent to schedule, please do not disturb residents Register online for the tour at www.nmapartment.

17 Key Dates Property Tour : Contact agent to schedule, please do not disturb residents Register online for the tour at Marketing Advisors The property is being offered with one tour date and a fixed deadline for receipt of all offers. Additional information on the sales process can be found at The owner and property are represented by Todd Clarke CCIM of NM Apartment Advisors, who has twenty-four years of experience in marketing apartments in the New Mexico area. If there is any information you need on the market, submarket, or the property, please do not hesitate to ask. Todd Clarke CEO NM Apartment Advisors Inc Richmond NE Albuquerque, NM TODD tclarke@nmapartment.com

Z I a E A S T A P A R T M E N T S

INVESTMENT SUMMARY Irreplaceable Nob Hill Location 419 Monroe NE Z I a E A S T A P A R T M E N T S Albuquerque, NM The Offering On behalf of the owner, NM Apartment Advisors Inc., is pleased to present