FOR SALE INDUSTRIAL INVESTMENT OPPORTUNITY LONG-TIME TENANT / NNN LEASE 8551 SAUL BELL ROAD NW, ALBUQUERQUE, NM PRESENTED BY:

Transcription

1 FOR SALE 8551 SAUL BELL ROAD NW, ALBUQUERQUE, NM PRESENTED BY: CalDRE #

2 OFFERING SUMMARY SALE PRICE: $3,495,000 LOT SIZE 3.16 ± Acres PROPERTY OVERVIEW Investment Type 4-Year Single-Tenant NNN (NET) Leased Investment Industrial Building BUILDING SIZE: ZONING: 40,020 ± SF IP, Industrial Park Improvements 8551 Saul Bell Road is a one (1) story, single tenant office/warehouse building constructed in The building was designed to be subdivided into seven (7) individual bays at 5,720+ sq feet each. % LEASED 100% FIRST YEAR NOI: $268,934 (annual rent increases over the term of lease) CAP RATE: 7.69% RETURN INC. P/R: 13.77% Leases Four (4) years remaining on tenants latest extension. - The parent company "The Dufresne Group" is a guarantor - There are two (2) personal guarantors Tenant - Long-term existing tenant has occupied the building since completion of construction in Excellent payment history - Personal guarantee of Lease

3 INVESTMENT OVERVIEW Industrial Market I 40 industrial market is the emerging distribution center of Albuquerque. The Location Geographically, Gateway West Industrial Plaza is located in Albuquerque s I-40 distribution corridor with direct freeway access via the Unser Boulevard / I 40 interchange only 3/4 of a mile away. The property is in a well landscaped business park environment. Corporate neighbors include Coca-Cola, Cardinal Health, Iron Mounting, Western Glass, Thomas & Betts, US Postal Service, and others. Albuquerque, New Mexico is nestled between the towering Sandia Mountains and volcanic West Mesa Escarpment, with the Rio Grande Valley meandering through the center. Albuquerque is rich with culture, breathtaking landscape and is a fast-growing city with a developing business environment. Tenant DSG New Mexico, LLC Guarantor(s): (i) Dufresne Spencer Group Holds, LLC ("DSG") (ii) The Dufresne Group Group, LLC ("TDG") (iii) Personal Guarantee (undisclosed) Approximately 120 locations throughout the United States and Canada. Ashley furniture Industries, Inc. is engaged in the manufacture of home furniture. The Company offers a fully integrated product line meant to take the guesswork out of furnishing a home. Its coordinated products allow the buyer to choose from several combinations of furniture for living rooms, dining rooms,and bedrooms, all designed with matching materials and finishes. Products include couches, chairs, metal beds, master bedroom sets, youth bedroom sets, dining room sets, wall units, entertainment centers, curio cabinets, coffee tables, mirrors, lamps and accent furniture. The Company s furniture, which is produced under the Ashley and Millennium labels, is marketed worldwide.

4 INCOME ANALYSIS (ESTIMATED) ± Square Foot Office/Warehouse TOTAL INVESTED EQUITY AND NEW LOAN Purchase Price $ 3,495,000 Down Payment 35% $ 1,223,250 New Loan Amount 65% $ 2,271,750 Interest Rate 4.5% Amortization (years) 25 Monthly Payment $ 12,627 Total Initial Invested Equity $ 1,223,250 CASH FLOW ANALYSIS Current Actual Net Operating Expenses $ 268,934 Debt Service $ 151,525 Cash Flow $ 117,409 Principal Reduction $ 50,976 Total Return $ 168,384 RETURN ANALYSIS Capitalization Rate 7.69% Cash-on-Cash Return 9.60% Total Return inc. Prinicipal Reduction 13.77%

5 1004 West Taft Avenue, Suite 150 Orange, CA LeeOrange.com