CLASS A FARMINGTON OFFICE BUILDING FARMINGTON, NEW MEXICO 87402
THE OFFERING AVAILABLE CBRE is pleased to present the opportunity to purchase or lease this 114,535 SF Class A office building in Farmington, NM. The property is located in the commercial center of Farmington on East 30th Street, near East Main Street. The property features a beautiful architectural design, a large interior atrium with partial glass ceiling, a controlled access system, mature trees and landscaping, and ample parking. Floor Gross SF Rentable SF 1st Floor 28,836 28,202 2nd Floor 28,661 24,471 3rd Floor 29,859 28741 4th Floor 27,179 26,095 TOTAL 114,535 107,509 LEASE RATE + + $14.50/SF NNN + + Minimum lease space available: 50,000 SF SALE PRICE + + $7,000,000 ($61.12/SF) PROPERTY FEATURES + + Well located in the heart of the Farmington commercial center + + Built in 1999 + + 402 parking spaces (3.74:1,000 parking ratio) + + Zoned OP Office and Professional + + Two passenger elevators + + Class A interior finishes with large atrium and partial glass ceiling + + 24X7 controlled access system + + The building is fully furnished; furniture is available for sale or lease + + Situated on 6.09 Acres
PROPERTY OVERVIEW Building Systems Foundation Frame Exterior Walls Interior Walls Roof Ceiling HVAC System Flooring Elevators/Stairwells Life Safety and Fire Protection Parking Landscaping Exterior Lighting Interior Lighting Reinforced concrete Fireproof steel Exterior insulation finishing systems (EIFS) and glass curtain wall Textured and painted drywall with multiple moveable wall systems for private offices EPDM roof over metal deck Suspended acoustical tile and textured and painted drywall Hydronic system with variable air volume (VAV) including dual boilers and cooling towers with eight air handling units on roof Commercial grade carpet squares and polished concrete Two passenger elevators and three stairwells Sprinklered and smoke detectors Asphalt paved surface parking Mature trees, grass, gravel and shrubs along perimeter of site and building Metal halide fixtures Recessed fluorescent fixtures
FOUR CORNERS OVERVIEW Farmington, NM Metro Area has a population of 125,133 people with a median age of 34.2 and median household income of $48,671. The Farmington Metro area is comprised of San Juan County including the cities of: Farmington, Aztec and Bloomfield. Farmington is the commercial, healthcare and education center of the Four Corners. Its population more than doubles on the weekends as shoppers from the Navajo Nation and other nearby areas infiltrate the town. Farmington s most famous annual event is the Connie Mack World Series. Youth baseball players from across the US, Canada and Puerto Rico flock to Farmington every August to compete in amateur baseball s top tournament. Other annual events include Riverfest, Freedom Days, Totah Festival and Road Apple Rally. Farmington is home of San Juan Community College. San Juan College is the Four Corners comprehensive community college. In addition to two-year degree and certificate programs, San Juan College offers workforce training. The college partners with other state universities to offer both bachelor s and master s degrees on campus. Located in the City of Farmington is the San Juan Regional Medical Center (SJRMC) a 194 bed, Level III Trauma Center that provides healthcare to the Four Corners region of New Mexico, Arizona, Utah and Colorado. In October 2016, SJRMC received a three-year accreditation by Det Norske Veritas (DNV). The economic base of San Juan County is supported by oil and gas, as well as, strong growth in retail and tourism. The San Juan Basin has been a major producer of oil and natural gas since the early 20th century with currently more than 300 oil fields and over 40,000 drilled wells throughout the area. The area is known for gas reservoirs from its coal-bed methane formations. The San Juan Basin contains the largest coal-bed methane field in the world and ranks second in total gas reserves. Halliburton, Hilcorp, WPX Energy and other companies operate in the area. Known for its scenic natural landscapes, Farmington is a hub for adventure seekers, explorers and active families. Within a two-hour drive is world class fly fishing, world heritage sites, Colorado ski resorts, Native American pueblos and tribes, national parks, monuments and recreation areas. MAJOR EMPLOYERS Company Employees San Juan Regional Medical Center 1,955 Farmington School 1,901 City of Farmington 1,000 Central Consolidate Schools 958 San Juan College 900 San Juan County 709 Basin Home Health 706 Wal-Mart 645 Bloomfield Schools 450+ Aztec Schools 450 Arizona Public Service Co. 374 San Juan Coal 350 Bisti Fuels 342 Presbyterian Medical Services 325 Public Services Co of NM 315 Northern Edge Navajo Casino 300+ Raytheon 300 Enterprise Products Operating LP 300 N.A.P.I 279
AVAILABLE E 30TH ST 3401 E 30TH ST San Juan College Family Resource Ctr NM Highlands University not to scale N 2018 CBRE Limited. Data TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the Information ) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as CBRE ). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID: L18 MapId: 5143765 w w w. 3 4 01E3 0.c om
AVAILABLE San Juan College T EE IN A TM R ST S EA Animas Valley Mall 3401 E 30TH ST E 30TH ST N eleatlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the Information ) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as CBRE ). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, co r decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID: L18 MapId: 5143756 w w w. 3 4 01E3 0.c om
REGIONAL DRIVE TIMES Telluride 6:56 2:45 Durango 1:04
CONTACT US DAN NEWMAN First Vice President +1 505 837 4925 dan.newman@cbre.com TOM JENKINS CCIM SIOR First Vice President +1 505 837 4901 thomas.jenkins@cbre.com DEBBIE DUPES CCIM Vice President +1 505 837 4921 debbie.dupes@cbre.com BARBARA CUOCO Associate +1 505 837 4919 barbara.cuoco@cbre.com 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited. Updated 02/2018 CBRE 6100 Uptown NE Suite 300 Albuquerque, NM 87110 T. +1 505 837 4999 F. +1 505 837 4994