Historic Camino Real Motel For Sale

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1 SALE PRICE: $795,000 ($65.95 / SF) Property Type: Hospitality Building Size: +/- 12,055 SF Property Size: +/ Acres Rooms: 30 Features: - Turnkey Motel Property - Ideal Redevelopment Candidate - Ample Parking - Onsite Manager s Unit - Excellent Access - Prime NW Location - Large Pole Signage - Surplus Land

2 Asset Overview Property Summary Property Name: Property Address: Property Description: Purchase Price: El Camino Motor Hotel th St. NW, Los Ranchos de Albuquerque, Route 66 Era Moter Hotel $795,000 ($65.95 / SF) Building Size: (+/-) 12,055 Property Size: (+/-) Acres (55,908 SF) Absolute Investment Realty has been selected as the exclusive representative of the owner of the historic Camino Real Motor Hotel located in Los Ranchos (Albuquerque MSA), New Mexico. The property was built in in the 1940 s to serve travelers on historic Route 66 and the Camino Real on their way to and from Santa Fe. Located in the village of Los Ranchos, on 4 th street (Historic Route 66) which is in the heart of picturesque the north valley of Albuquerque, NM, this property is perfect for creative investors or an owner/user who wants to enjoy the benefits of operating a historic motel. 4 th street is currently undergoing a major streetscape improvement, which will no doubt enhance the desirability of the area. Though many would argue the property is irreplaceable, the property which offers rich New Mexican pueblo architecture and old world charm, is priced well below replacement cost. All this combines to provide a wonderful opportunity for the buyer to purchase a value-add boutique motel with potential to re-position the property in the future. Number of Rooms: Access: Visibility: Signage: Highest & Best Use: bedroom caretaker apartment Excellent Excellent Excellent Motel or Multi-Family Trade Area Description: Semi-rural, metropolitan The information contained in this marketing package is believed to be reliable. While we do not doubt the accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Additionally, this package and the information contained herein is intended only for parties with a bonified interest in the lease or purchase of this property and should not be distributed otherwise.

3 Trade Area Map Trade Area Demographics Radius 1 Mile 3 Mile 5 Mile Population (2017 Estimate) 5,805 54, ,916 Avg HH Income (2017) $74,392 $69,603 $70,291 Daytime Employees 4,597 70, ,896 Consumer Spending 66 M 563 M 2.2 B Los Poblanos Estates Village of Los Ranchos Los Poblanos Ranch Los Poblanos Rio Grande Community Farm SITE Casa Rodena Winery Green Acre RV Park Bernalillo County Sheriff Dept. Sandia Preparatory School City of Albuquerque About Los Ranchos The property is located in the North Valley of Albuquerque in the Village of Los Ranchos. Its easy to enjoy a beautiful view of the Sandia Mountains to the East and admire a desert sunset over the Rio Grande river to the West. This rural lifestyle area provides many activities such as submersing in a beautiful nature filled setting, admiring art, wine tasting in local vineyards, and touring the local area while spotting some llamas, goats and even peacocks. Los Ranchos is also a cultural hub for Albuquerque and a place to witness New Mexican heritage with its beautiful art and delicious food. It is home to many memorable cites including the beautiful lavender farm of Los Poblanos and the El Camino Hotel. The El Camino is located right in the middle of all the action right off 4 th street, making it easy to go for a bike ride along the Rio Grande river, find a tasty meal in a local restaurant, explore one of the many antique shops, or even visit one of the states largest growers markets. N The Village of Los Ranchos offers many activities and ways to explore the desert s lovely scenery and become immersed in New Mexican culture.

4 Site Aerial Excess Land Garage / Storage 2 story owner apartment Boiler Room 2 full-turn access points Laundry Room

5 Site Close Up & Location Description SITE LOCATION DESCRIPTION The Property is located in the North 4 th trade area of the village of Los Ranchos de Albuquerque. Los Ranchos, with a population of 6,024 (2010 Census) is a village completely surrounded by the metropolitan city of Albuquerque, NM with a population of over 900,000. The village boasts a semi-rural setting along the Rio Grande bosque (Spanish for forest) which makes it a favorite destination for wealthy retirees. 4 th street, which is also Historic Route 66 and the Historic Camino Real is a major corridor in the City of Albuquerque, and runs the entire length of the MSA. The property is surrounded by residential property and commercial services including high-end dining and local cuisine. The famous Vernon s Speakeasy is next door and the El Camino dining room is located across the street. The location and historic nature of the property make it ideal for a boutique motel, short term rental such as AirBnB or multi-family conversion.

6 Property Details Property Information Summary Year Built: Heat: Cooling: Water/Sewer: 1946 (estimated) Radiant wall heat (Central Boiler) Swamp Coolers - 1 unit/room City Roof: Modified (Paper, Tar & Gravel) - New in 2013 Parking: (+/-) 50 The Route 66 era architecture of this asset stands the test of time. With generous room sizes (+/-383 SF average size) and a majority of large suite style rooms (+/-636 SF), this property is perfect for a model revival. The generous caretaker apartment (+/-2,270 SF)could be remodeled for a restaurant or brewery and features a large 2 nd story patio. The property is heated by a central boiler system and cooled by individual swamp coolers. The property has an abundance of parking, and a pool area that could potentially be re-used or repurposed. The site features excellent access off 4 th street and iconic Route 66 signage. On Site Laundry Room: Pool Garage/Storage Caretaker Apartment Access Number of Rooms: Average Room Size: Yes Has pool area, but not currently utilized Yes Yes (+/- 2,270 SF) 2 full turn access points Bedroom Caretaker Apartment 306 SF

7 Survey

8 Well Maintained Property This property can be operated as-is or updated to bring in more revenue Spacious Rooms Suites and standard size rooms Historic Route 66 Pueblo Architecture Ideal for a boutique hotel operator

9 4 th Street Revitalization A major streetscape renovation along 4 th street has been commenced construction. The improvements are designated for completion by the end of 2018 and will enhance the trade area surrounding the El Camino motel. The project is located north of Ortega Road, and is designed to beautify the historic area of 4 th street and attract more businesses and private investment to the area. It will be carried out in three phases, in an attempt to improve traffic and road quality. Protected and improved parking will be implemented, increasing ease of access. Improvements will also include new pedestrian and bicycle lanes. The median and the east and west sides of the road will be redevelopment to improve traffic flow and streetscape. The end result will be a huge benefit to this property and is expected to bring more people and businesses to an already vibrant area. Dan s Boots and Saddles The Village Shops At Los Ranchos Sherriff Dpt. Phase 1-Median Phase Phase 2-Northbound Work Napa Arts Parts Fire Station Phase 3-Southbound Work

10 Route 66 Route 66 was first laid out in Back then it followed the Old Pecos Trail from Santa Rosa through Dilia, Romeroville, and Pecos to Santa Fe. From Santa Fe it went over La Bajada Hill and down to Albuquerque. [1] The historic U.S. Route 66 (US 66, Route 66) ran east west across the central part of the state of New Mexico, along the path now taken by Interstate 40 (I-40). However, until 1937, it took a longer route via Los Lunas, Albuquerque, and Santa Fe, now roughly New Mexico State Road 6 (NM 6), I-25, and US 84. Large portions of the old road parallel to I-40 have been designated NM 118, NM 122, NM 124, NM 333, three separate loops of I-40 Business, and state-maintained frontage roads. It is one of the roads on the Trails of the Ancients Byway, one of the designated New Mexico Scenic Byways. [2] To further the preservation of the Mother Road and the many historic landmarks along the old sections of the highway, New Mexico established those original roads still open to traffic as a National Scenic Byway in Starting at the New Mexico/Texas State Line, the byway travels 300 miles through compelling, scenic, and dramatic stretches of the famed highway. Another major undertaking in New Mexico was the Route 66 Neon Sign Restoration project by the New Mexico Route 66 Association. The Association led a tremendous effort along Route 66, restoring vintage neon signs. [1] The el Camino Motel has one of the most iconic examples of classic Route 66 neon signage in the state ofnew Mexico. [1] [2] SITE

11 Demographics Population 1 Mile Businesses 1 Mile Daytime Employees 1 Mile

12 Route 66 Era Post Card Miners Colfax Medical Center

13 Albuquerque, NM MSA Albuquerque is located in the Rio Grande Valley, and is shadowed by the majestic Sandia Mountains. With a population of approximately 900,000 people, the metro area has a projected growth rate of 7.2% over the next 2.5 years. Rio Rancho, a suburb of Albuquerque with a population of 89,900, has experienced explosive growth of over 65% from , is the fastest growing city in New Mexico, and one of the fastest growing cities in the United States. Albuquerque is home to the University of New Mexico (UNM) and the University of New Mexico Hospital (UNMH) which together employ 20,210 people. Kirtland Air Force Base and Sandia National employ a high-tech, educated work force of about 23,000 people. Lying at the center of the New Mexico Technology Corridor, Albuquerque is ranked as one of Forbes Best Cities for Business, for its concentration of high-tech private companies and government institutions along the Rio Grande river valley. Some key technology based employers include Sandia National Laboratories, Intel, Raytheon, Northrup Grumman, and Titan Aerospace (recently purchased by Google). Albuquerque is a regional center for transportation, health care, government agencies, nuclear research, and tourism. Albuquerque is host to the world famous Albuquerque International Balloon Fiesta which draws over 1,000,000 visitors per year. Less than one hour away is the historic City of Santa Fe, which has year round outdoor activities and routinely receives awards for quality of life and low cost of living.

14 Absolute Investment Realty Qualifying Broker Alfredo specializes in the acquisition and disposition of investment real estate and has experience in closing large industrial, office, and hospitality transactions. With over 13 years of experience in the commercial real estate industry as a developer, landlord and broker Alfredo has worked with nation s top tenants, investors and real estate investment companies. Alfredo has a passion for helping his clients meet their real estate investing goals and excels at closing complicated transactions. Alfredo has a an MS in Electrical Engineering and a BS in Computer Engineering from the University of New Mexico and is a member of CARNM and ICSC. Some of Alfredo s Recent Transactions Who We Are Absolute Investment Realty is an investment oriented commercial real estate brokerage firm focused on helping our clients meet their commercial real estate investment goals. Our clients range from private local investors to multi-national REITs. We have closed transactions throughout the United States and have clients from around the world. No job is too small or too large for our dedicated team of professionals. We are experts on current market conditions and can advise our clients on the best pricing and buying or selling strategies. We have industry wide connections and make it a policy to work hand in hand with our peers, principals and institutions to get the deal done. We are second to none in our ability to identify, sell or lease investment quality real estate. Our Mission Absolute Investment Realty s mission is to help our clients achieve their commercial real estate goals. Our firm excels because we execute with attention to detail, exceptional financial analysis capabilities, second to none market knowledge, and the highest level of customer service. We start by understanding your needs and work closely with you develop a customized acquisition, disposition or development plan designed to help you reach your goals as expeditiously as possible. Awarded to the top 5 brokerage firms in NM, Absolute Investment Realty has achieved the coveted Costar Power Broker Award every year we ve been in business.

15 Disclaimer & Confidentiality This is a confidential marketing package indented solely for the reader s use in determining its desire to express further interest in the lease or purchase of this property. Additionally, this package and the information contained herein is not for public distribution and is intended only for parties with a bonified interest in the lease or purchase of this property and should not be distributed otherwise. The information contained in this marketing package is believed to be reliable. While the broker does not doubt the accuracy, it has not verified it and the broker and property owner make no guarantee, warranty or representation about it. It is the reader s responsibility to independently confirm its accuracy and completeness. All financial information contained herein is provided as a general reference and should not be treated as fact, but should be independently verified by the reader of this material. By receipt of this marketing package, the reader agrees to keep this package and all material contained herein strictly confidential and agrees to destroy or return this package to Absolute Investment Realty upon the readers determination it has no interest in leasing or purchasing the property. Additionally, the information contained herein is not be utilized to the detriment of the property owner, Absolute Investment Realty or its associated brokers, any tenant(s) of the property, or any other party affiliated with the property. The reader will not contact or approach the tenant(s) or operator(s) of the property, if any, without the express written permission of the property owner. The property owner has absolutely no obligation to sell or lease the property to any person or entity regardless of proposed pricing or terms. Additionally, the property owner reserves the right, in it sole and absolute discretion, to reject any or all offers or expressions of interest to purchase or lease the property.