SunPort Corporate Center - LoopNet › d2 › A1Ft8h2apyvqw-qGLjILCfX1... · 2016-03-31 · SunPort...
Transcript of SunPort Corporate Center - LoopNet › d2 › A1Ft8h2apyvqw-qGLjILCfX1... · 2016-03-31 · SunPort...
SunPort Corporate CenterSale/Lease Offering | Divisible to 30,000 SF
• 348,005+/-SFOfficeComplexlocatedon
approximately22acresin4buildings-OFFERED SEPARATELY
o2301 Buena Vista SE-161,040+/-SF-Divisibleto40,000SF
(includesdatacenter)
o2501 Buena Vista SE-72,977+/-SF-Divisibleto30,000SF
o1801 Randolph SE–85,938+/-SF-Divisibleto30,000SF
o1801-A Randolph SE–28,050+/-SF
(includes4,833SFhighbay)
• BusinessParkEnvironment-CampusSetting
• 1,225+ParkingSpacesonanAsphaltSurfaceLot
• AdjacenttoAlbuquerqueInternationalSunPort&KAFB
• 16,310+/-SFfullyfunctioningDataCenterwithraisedfloor
• High-speedbroadbandfiberconnectivitythroughoutthecomplex
• 2conferencecenters
o220fixedseatauditoriumwithstadiumstyleseating
(canincreasetoover400withadditionalseating)
o90fixedseatauditorium
(canbedividedinto2conferencecenters)
• 4,833+/-SFhigh-baywarehouse(1801-ARandolphSE)
o2tonand5toncranes
o22ft.clearheightceilings
o4overheaddoors
Executive SummarySperry Van Ness has been retained as the exclusive marketing advisor forthedispositionoftheSunPortCorporateCenter(SCC).Thesubjectpropertyrepresents a 348,005 SF office campus located in the Airport Submarketof Albuquerque, NM. It is located near Albuquerque International SunportandKirtlandAir ForceBase. The property is close to numerous hotels andrestaurants. The property is located in a HUB Zone – which encourageseconomicdevelopmentthroughtheestablishmentofpreferences.
The buildings can be purchased as a campus, or individual buildings areavailable. SCC features a campus environment with secure landscapedcourtyards,twoauditoriums,(thelargestfeaturesstadiumstyleseatingandcanaccommodateup to441people),acafeteria,kitchen,andopenatriums.Thecomplexincludesthree(3)officebuildingsandanoffice/high-baybuildingwithpotentialfor22’clearheightanduptofour(4)overheaddoors.Thehigh-bayspacealsoincludes2-tonand5-tonoverheadcranes.Someoftheindividualbuildingfeaturelockerroomsandshowers.Thebuildingswereconstructedinstagesbetween1980-1988asbuild-to-suitsforBDM,agovernmentcontractor,byCraddockDevelopment.Thereishigh-speedbroadbandfiberconnectivitythroughoutthecomplex.
Significant Discount to ReplacementTheSCCofferingpresentsinvestorsanduserswithatremendousopportunitytopurchaseatasubstantialdiscounttoreplacementcost.Theassethasbeeninstitutionally-ownedandmanagedforapproximately17years.Therehasbeensignificantsumsinvestedincapitalexpendituresoverthepast10years.
Zoning: IPThiszoningprovidessuitablesitesforawiderangeofindustrialandcommercialuses, provided such uses are conducted in a compatible and harmoniousmannerwithinindustrialenvironmentsachievedthroughaDevelopmentPlan.
Offering Terms Sale Price:$10,960,000Sale Price/SF:$31.49/SFLease Rate:$6.00/SF/NNN
Individual Building Price SF $/SF Lease Rate• 2301BuenaVistaSE $5,090,000 161,040SF $31.61/SF $6.50/SF/NNN• 2501BuenaVistaSE $2,270,000 72,977SF $31.11/SF $5.50/SF/NNN• 1801RandolphSE $2,550,000 85,938SF $29.67/SF $5.50/SF/NNN• 1801-ARandolphSE $1,050,000 28,050SF $37.43/SF $6.00/SF/NNN
Ownerwillconsiderfullservice.MinimumSFavailable30,000SF;TIallowanceisnegotiabledependingontermoflease.
SunPort Corporate Center
SunPort Corporate Center
KEY ATTRIBUTES• AbundantParking–1,225+• Pricedatafractionofreplacementcost-
$38MILLION• LocatedinaHUBzone• IPZoningallowsforavarietyofuses• PublictransportationavailableonRandolph
southof2501BuenaVistaBuilding• CampusVideo:
https://youtu.be/9UI8sE1Q-LM
PLANNED AMENITIES• GourmetFoodTruckStation• ExteriorCommonAreaWiFi• AutoDetailingService• DryCleaningService• Securedaccess-
Enclosedcourtyardw/outsideseating• BikeLockers• Cafeteriawithfullkitchen
FirstFloor:+/-79,359SF
SecondFloor:+/-40,855SF
ThirdFloor:+/-40,826SF
Property Size: 161,040+/-SF-Divisibleto40,000SF
Year Built: 1988
Stories: Three(3)
Auditorium: 220stadium-styleauditorium
Dining: FullkitchenandCafeteria
Locker Room: Men’sandWomen’slockerroomsandshower
Data Center: 16,310+/-SFHighBayDataCenter
Elevators: 2DoverHydraulic;3,500lbcapacity
Fire Protection: 100%sprinkleredbuilding
Roof: NewTPOroofin2008
Loading: Loadingdockwithroll-updoor-westsideofbuilding
Additional Cap Ex:CoolingTowercoilsreplacedin2009
High-speedbroadbandfiberconnectivitythroughoutthecomplex
SunPort Corporate Center 2301 Buena Vista SE
SecondFloor:+/-21,282SF
ThirdFloor:+/-21,202SF
FourthFloor:+/-21,251SF
FirstFloor:+/-9,242SF
Property Size: 72,977+/-SF-Divisibleto30,000SF
Year Built: 1983,renovatedin1998
Stories: Four(4)onthenorthside;
Three(3)storiesonthesouthside
Elevators: 2DoverHydraulic;3,500lbcapacity
Roof: NewTPOroofin2012
Additional Cap Ex:75tonRoofChillerreplacedin2003
High-speedbroadbandfiberconnectivitythroughoutthecomplex.
Highidentitycornerlocation.
AdjacenttoPublicTransportation.
SunPort Corporate Center 2501 Buena Vista SE
Property Size: 85,938+/-SF-Divisibleto30,000SF
Year Built: 1980
Stories: Three(3)
Elevators: 2OtisHydraulicelevatorsservicethe
northandsouthsections
Roof: NewTPOroofin2005
Auditorium: 90personstadium-styleauditorium
Fire Protection: 100%sprinkleredbuilding
Locker Rooms: Men’sandwomen’slockerroomwithshowers
Loading: Loadingdockwithroll-updoor.
Additional Cap Ex: 80tonRoofChillerreplacedin2012
High-speedbroadbandfiberconnectivitythroughoutthecomplex.
FirstFloor:+/-31,680SF
SecondFloor:+/-28,212SF
ThirdFloor:+/-26,046SF
SunPort Corporate Center 1801 Randolph Rd SE
Property Size: 28,050+/-SF
• Warehouse: 4,833+/-SF
• Office: 23,217+/-SFontwofloors
Year Built: 1984
Stories: Two(2)
Elevator: OneOtishydraulicelevator
Fire Protection: 100%sprinkleredbuilding
Warehouse features:
•Two(2)tonandFive(5)toncranes•22ft.clearheightceilings
•18ft.rollupdoor •Dock-highloading
Roof: NewTPOroofin2011
Additional Cap Ex: 65tonRoofChillerreplacedin2007
High-speedbroadbandfiberconnectivitythroughoutthecomplex.
FirstFloor:+/-16,444SF
SecondFloor:+/-11,606SF
SunPort Corporate Center 1801 A Randolph Rd SE
SunPort Corporate Center
ALBUQUERQUEAlbuquerque offers a unique combination of a highlycontemporary style that is interwoven throughout its old,historicstreets.Thecity’saboundingheritageandcharacterare showcased through a spectacular blend of distinctcultures,cuisines,peopleandpanorama.Richwithhistory,Albuquerque is one of themost culturally diverse cities inAmerica.
Situated at the geographic center of New Mexico,Albuquerque is located at the cross roads of Interstates25&40.Thecity isnestled in theRioGrandeValleywiththe Sandia Mountains forming its eastern boundary.Albuquerque’s moderate climate, breathtaking scenery,well-developedtransportationnetworkandoverallqualityoflifehaveall contributed to thecity’sgrowthandprosperity
ALBUQUERQUE TODAYTodayAlbuquerque isaneconomicallyrobustcity thathasmet the challenges of growth and provides a wealth ofamenities – all while sticking to its budget andmanagingprudently. As a result the City has maintained high bondratings. It has also drawn favorable notice in rankings ofKiplinger’sPersonalFinance,SiteSelectionmagazine,andForbes. Studies generally cite affordable labor, housing,
andrealestate;workforcequality; incentives;andeaseofworkingwithlocalofficials.
RelocateAmericaselectedAlbuquerqueasoneofitsTOP10Recovery Cities for 2010: “During the 21st century, theAlbuquerquepopulationhascontinuedtogrowrapidly,withthe city proper andmetro areaand this trend is expectedto continue. At the center of New Mexico’s TechnologyCorridor,withitsdynamicrenewableenergysegment,newjobcreationandadrivingbusinessculture,Albuquerque’seconomyhasabrightoutlook.”
QUALITY OF LIFEFor itswealth of activities andgentleweather, it’s hard tobeatAlbuquerque.•SandiaMountains:Flankingthecitytotheeast,the10,678-footmountainofferskiing,hiking,biking,andpicnicspots.• TheAlbuquerque International BalloonFiesta:This, thelargestballooningeventintheworld,draws800,000visitorseach year to enjoy watching hundreds of hot-air balloonsrisinginbeautifulfallweather.•TheABQBioPark:Thisimaginativeandwell-plannedparkincludesazoo,aquarium,botanicgarden,andfishingbeach.• Museums:Albuquerquemuseums include such diversefacilitiesastheAnderson-AbruzzoAlbuquerqueInternationalBalloon Museum, Maxwell Museum ofAnthropology,theIndianPuebloCulturalCenter, theMuseumofNaturalHistoryandScience,theAlbuquerqueMuseum,and Explora Science Center andChildren’s Museum. The spectacularNational Hispanic Cultural Centerincludesart galleriesandaperformingartscenter.• Recreation:Albuquerque offers 800parks, more than 80 miles of runningand biking trails, 220 outdoor tennis
courts,23ballfields,andyear-roundgolfon15golfcourses.•Sports:GamesoftheUniversityofNewMexicoLobosarelegendaryfortheircolorandfandevotion.Thecityalsohasa professional hockey team, the Scorpions, and Triple-Abaseball,withtheIsotopesinanewstadium.
ALBUQUERQUE AND THE ARTSAlbuquerqueisflourishingasanartscenter.• Dozens of performing arts venues offer everythingfrom classical music to flamenco, opera to musicals, andtraditionalandexperimentaltheater.•Albuquerquehasmorethan40artgalleries.• The city and county haveaddedhundreds of pieces ofpublicartvaluedatmillionsoverthelast20years.• Some 250 arts organizations serve themetro area. Ofthose,45areguilds.•Morethan400artisanmanufacturingcompaniesproducefurniture,jewelry,pottery,clothingandtextiles.Albuquerqueisoneofsixjewelry-producingcentersinthenation.
KIRTLAND AIR FORCE BASEKirtlandAirForceBase(AFB)isthecity’slargestemployerand is home to a wide range of Department of Defense,department of Energy, and United States Air Forceorganizations. As one of Albuquerque’s most important
economicdrivers,KirtlandAFBislocatedinthesoutheasternportionof thecity,nestledbetweentheSandiaandManzanomountainranges, adjacent to the AlbuquerqueInternational Sunport Airport. Flyingoperations at KirtlandAFB share the flightline,runwaysandairspacewithcommercialaviationattheAlbuquerqueSunport,makingitajointcivil-militaryairport.Covering51,558acres,thebaseisthethird-largestinstallationinAirForceMaterielCommand.Intotal,over110organizationsarelocatedatKirtland,
Albuquerque Economy
Albuquerque Economy
whichemploys35,690civiliansand4,860militarypersonnel.Approximately$4.3billionofthetotalKirtlandAFBeconomicimpactislocal
UNIVERSITYOFNEWMEXICOFounded in 1889, The University of New Mexico (UNM)nowoccupies600acresalongoldRoute66intheheartofAlbuquerque. The University serves approximately 26,000students at its main campus inAlbuquerque and employs19,400 statewide, including employees of the UniversityHospital.With120,000alumnilocatedthroughoutthenationandinmorethan90countriesworldwide,morethanone-halfof its students remain inNewMexico followinggraduation.UNMoffersmorethan210degreeandcertificateprogramsthroughawidevarietyofbachelor’s,master’sanddoctoralprograms. Central New Mexico Community College isanother local institution of higher education, which servesapproximately23,000studentsandemploys1,770.
DEMOGRAPHIC TRENDSTheAlbuquerquemetropolitanareahasacurrentpopulationofmorethan912,000residents,reflectinga2.82%increaseover the population in 2010. This figure is expected toexpandbyanother4.61%by2018,resultinginanestimatedpopulationofnearly954,000residents.Hometomorethan42%ofthestate’spopulation,Albuquerque’sgrowthhasalsooutpacedtheoverallNewMexicogrowthrateof14%since2000.Albuquerque’sestimatedmedianhouseholdincomeof$48,365.
TheentireeastsideoftheCityofAlbuquerqueisessentiallybuiltoutandishometomanyofthecity’smajoremployersand entertainment and retail venues.As a result,much offuture growth will be in the adjacent west side suburbancommunityofRioRancho,whichcurrentlyhasapopulationof approximately 70,000 residents. Housing on the westsideofthecityisconsiderablemoreaffordableandoffersa
modestoptionforresidentswillingtocommutefurthertothecity’smajoremploymentcenters
ALBUQUERQUE’S EXPANDING ECONOMYAs the most dynamic city and largest urban area in NewMexico,Albuquerqueisthestate’smajorcommercialcenter,serving as a hub for business, trade, finance,industry andgovernment.Withasubstantiallaborforce,theAlbuquerquemetro area accounts for nearly 46% of the state’s totalemployment. With a young population, an above-average
growth rate, and the presence of the University of NewMexico,theAlbuquerquemetroareawillcontinuetoprovideemployerswithanabundant,diverseandwell-educatedworkforce.
Moody’s Economy.com forecasts a positive outlook forthemetro area in 2013, with cutbacks in construction andgovernment payrolls coming to an end and growth in
other industries. Albuquerque also continues to enjoy thebenefitsoflowcostsoflivinganddoingbusiness,96%and88%,respectivelyonanationalscaleof100%.Thesecostbenefits, alongwith an exceptional quality of life, continuetoprovidetheAlbuquerquemarketwithsignificant,long-termcompetitiveadvantages.
ALBUQUERQUE ECONOMIC DEVELOPMENTAlbuquerqueEconomicDevelopment(AED)isaprivate,non-profitorganizationwhosemissionistorecruitbusinessandindustryandhelplocalcompaniesgrowinordertogeneratequalityjobopportunitiesintheAlbuquerquemetroarea.AEDprovides confidential assistance to businesses consideringthe area for expansion and new investment in Bernalillo,Sandoval,TorranceandValenciacounties.Withsupportfrominvestorsandalliesinthepublicsector,AEDactivelyrecruitsthosecompaniesthatwillexportgoodsorservicesfromNewMexico, therebybringingnew investmentdollarstothestate.Bycontributingtothearea’seconomicgrowth,developmentanddiversification, theseeconomicbase jobsimprove the standard of living and opportunitieswithin theAlbuquerquearea.
Sinceitscreation,AEDhasrecruitedover200companiesandmorethan25,000jobstotheAlbuquerquemetroarea.SomeofthecompaniesthatAEDhasassistedintheirselectionoftheAlbuquerquemetroareainclude:
• Central New Mexico Commu-nity College
• Route 66 Casino Hotel• City of Albuquerque • Sandia National Labs• Honeywell • Sandia Resort & Casino
• Intel Corporation • Isleta Casino & Resort • State of New Mexico• Kirtland Air Force Base • T-Mobile• Lovelace Health Systems • University of New Mexico
• New Mexico Veterns Affairs Healthcare Systems
• UNM Hospital• PNM Electric Services • US Forest Service• Presbyterian Hospital • Verizon Wireless
ALBUQUERQUE’S MAJOR EMPLOYERS INCLUDE: