J e r e m y @ g o - a b s o l u t e. c o m 505-6 1 0-1 6 5 5 505-4 0 1-0 1 3 5 New Infill Construction Pre Leasing Opportunity The information contained herein 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.
New Infill Construction - Lease Opportunity Offering Summary Under Construction Lease Rates starting at $24/SF NNN Expected Delivery Spring 2018 Project Details +/- 44,000 sf Retail/Office +/- 5,500 sf Outdoor Dining 423 Parking Spaces 63 Apartment Units with Lifestyle Amenities Features Albuquerque s Highest Profile Project Large Daytime Population Nearly 50,000 Employees in 1 Mile One of the Fastest Growing Trade Areas Ultra Low Anticipated Operating Expenses Excellent Walkability Fantastic Access and Visibility Hard Corner Location Energy Efficient Design
New Infill Construction - Lease Opportunity - Offering Summary One Central is a New Downtown Entertainment Hub! About the Project: Once Central is a new mixed use development located at the gateway to downtown at the corner of 1st and Central Avenues. The beautifully designed One Central will offer retail/entertainment, residential and office spaces ideal for both national and local businesses looking to capitalize on the booming downtown market growth. Transit Oriented: One Central is a Transit Oriented Development (TOD) that will feature an ART Stop (Albuquerque Rapid Transit) and directly north of Rail Runner and Amtrak Station (Alvarado Transit Center). Adjacent to Innovate ABQ/UNM and Gold Avenue Theater Block. Proximity to EDO, University of New Mexico and the Albuquerque Convention Center. The development features 63 market rate apartment units. The site is serviced by 423-space parking structure and will include +/- 44,000 sf of retail/office space and 20,000 of outdoor space including patio area. About the Building: The One Central building is one of Albuquerque s highest profile mixed-use projects. The building is constructed of concrete and steel the building features up to 24 ceiling heights on the 1 st floor, and 12 ceiling heights on 2 nd floor mezzanine and 3 rd floor. The commercial spaces have excellent visibility and direct access via the parking garage and street side. The energy efficient design and the ultra efficient Daikin heat pump HVAC system offers low tenant operating expenses. Additionally the developer has obtained an 80% reduction in property tax. The construction of the project is underway & moving rapidly with the parking structure slated for delivery in November 2017. The retail & residential portion will be delivered Spring 2018. Location, Location, Location: The property is near Albuquerque s most famous attractions including Albuquerque Old Town, Albuquerque Aquarium and Bio Park, Tingly Beach, the Albuquerque Museum, The Kimo Theatre, Natural History Museum, and Explora children's museum. Additionally the property is immediately adjacent to the new Innovate ABQ/UNM. Innovate ABQ/UNM is a major public/private development focused on the growing local and national entrepreneurs serving as an incubator for high tech, defense, cleantech, social impact, retail, and life sciences startups are transforming people s lives. 24/7 live feed:
Downtown / Old Town Albuquerque Trade Area Albuquerque Country Club Historic Old Town Down Town SITE With approximately 244,000 people living within 5 miles, and nearly 50,000 employees within 1 mile, this property is ideally located in one of the densest day time and residential population centers of the Albuquerque MSA. It is also close to the city s primary tourist attractions including Old Town, the Bio-Park & Museums, Tingly Beach, and is easily accessible to both I40 and I25. Rio Grande Zoo Albuquerque Bio Park & Aquarium EDO University of New Mexico Trade Area Demographics Radius 1 Mile 3 Mile 5 Mile Population (2017 Estimate) 13,818 91,598 243,295 Avg HH Income (2017 Estimate) $44,652 $55,476 $53,908 Daytime Employment in 1 mile 48,578 Annual Consumer Spending in 3 Mile $114,986, 000
Site Close Up Garage Access Santa Fe Pacific Trust SITE Innovate ABQ/UNM Under construction Albuquerque Transit Dept. Bernalillo County Albuquerque Probation and Parole Offices
Central Avenue 1 st Floor Plan 1-B 1-A 1-A Available Up to +/- 8,959 SF May be Combined with 2 nd Floor Mezzanine for a total +/- 17,257 SF Direct Access to Retail Via Garage Patio +/- 733 SF Street Level Access N o t e : P l a n s m a y be s u b j e c t t o c h a n g e Lease Pending 1-B Available Up to +/- 6,238 SF Minimum Divisible: +/- 1,095 Covered Patio with Street Level Access 1 st Street N
2 nd Floor Mezzanine 2-B 2-A 2-A Available +/- 8,298 May be Combined with 1 st Floor for a total +/- 17,257 SF Direct Access to Retail Via Garage 2-B Available Potential +/- 1,985 SF N N o t e : P l a n s m a y be s u b j e c t t o c h a n g e
3 rd Floor 3-B2 3-B1 3-A 3-A Available Up to +/- 8,805 SF Restaurant Ready Space Direct Access to Retail Via Garage 3-B2 Available +/- 3,685 SF 3-B1 Lease Pending Covered 3 rd Floor Patio & Breezeway N N o t e : P l a n s m a y be s u b j e c t t o c h a n g e Covered Breezeway with Retail Access
Photos - Currently Under Construction Spring 2018 Estimated Delivery
Downtown Population Growth Population and Household Growth: Downtown population growth going near Albuquerque Innovate and One Central have seen the highest and fastest growth by census block in the MSA. Metro Population: 909,906 Major Industries: Technology, Defense Gross Metro Product: $40.8 B Median Household Income: $48,981 Median Home Price: $187,100 House Price Change: 9.1% appreciation last 12 months Unemployment: 5.5% Cost of Living: 2.7% below national average
Albuquerque Rapid Transit - ART http://www.brtabq.com/ Albuquerque Rapid Transit (ART) runs the length of Central Ave. (Route 66) along the median of the street. ART was developed for efficient and quick transit with it s platform bus stops, and kiosk ticket purchases will reduce time and improve service speed. ART is a huge investment for the city of Albuquerque. It will benefit business along the route 66 corridor as well as students at UNM and CENM. By using ART the community can reduce fossil fuels and transfer passengers easier and faster to their destination.
Down Town Albuquerque Arts & Cultural District The Property is located within the Downtown Albuquerque Arts and Cultural District which is a specially designated area providing incentives and creating awareness in order attract more visitors and consumers to the area.
Useful Links click on the logo below for more information 24/7 live feed: In The News: One Central Groundbreaking Anticipated Downtown Retail One Central is targeting millennials
Albuquerque, New Mexico MSA SITE SITE New Mexico Albuquerque MSA
Albuquerque MSA Albuquerque is located in the Rio Grande Valley, and is shadowed by the majestic Sandia Mountains. The metro area has a population of approximately 900,000 people with 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 2,000 2010, is the fastest growing city in New Mexico, and one of the fastest growing cities in the United States. Albuquerque MSA Demographics Population (2017 Estimate) 909,906 Households (2015 Estimate) 357,434 Avg. Household Income (2017 Estimate) $69,380 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. Albuquerque lies at the center of the New Mexico Technology Corridor, a 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 and medical services, government agencies, nuclear research, banking, and tourism. Albuquerque is host to the world famous Albuquerque International Balloon Fiesta which draws over 1,000,000 visitors per year. Albuquerque is less than 1 hour from the world famous tourist destination of Santa Fe, has year round outdoor activities and consistently wins awards for quality of life, and low cost of living,. Albuquerque is ranked as one of Forbes Best Cities for Business.
About Absolute Investment Realty Alfredo specializes in the acquisition and disposition of investment real estate and has experience in closing large industrial, office, and hospitality transactions. With over 11 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 Alfredo Barrenechea Computer Engineering from the University of New Mexico and is a Qualifying Broker member ofcarnm and ICSC. Some of Alfredo s Recent Transactions Jeremy Nelson Vice President Jeremy, who specializes in all aspects of the retail real estate market, has represented dozens of national clients including KIMCO, the nation s largest owner of Retail Strip centers, US Bank, Kroger, Family Dollar, CW Capital, BNP Paribas Group and has successfully managed multiple multi-million dollar acquisitions and dispositions in the New Mexico market. Jeremy s investment brokerage experience includes one of the largest investment sales in recent years in New Mexico and several other multi-million dollar deals in the past 12 months. In the past 36 months, Jeremy has completed over 80 million dollars of leasing and sale 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. Some of Jeremy s Recent Transactions