SunPort Corporate Center - LoopNet › d2 › A1Ft8h2apyvqw-qGLjILCfX1... · 2016-03-31 · SunPort...

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SunPort Corporate Center Sale/Lease Offering | Divisible to 30,000 SF 348,005+/- SF Office Complex located on approximately 22 acres in 4 buildings - OFFERED SEPARATELY o 2301 Buena Vista SE - 161,040+/- SF - Divisible to 40,000 SF (includes data center) o 2501 Buena Vista SE - 72,977+/- SF - Divisible to 30,000 SF o 1801 Randolph SE – 85,938+/- SF - Divisible to 30,000 SF o 1801-A Randolph SE – 28,050+/- SF (includes 4,833 SF high bay) Business Park Environment - Campus Setting 1,225+ Parking Spaces on an Asphalt Surface Lot Adjacent to Albuquerque International SunPort & KAFB 16,310+/- SF fully functioning Data Center with raised floor High-speed broadband fiber connectivity throughout the complex 2 conference centers o 220 fixed seat auditorium with stadium style seating (can increase to over 400 with additional seating) o 90 fixed seat auditorium (can be divided into 2 conference centers) 4,833+/- SF high-bay warehouse (1801-A Randolph SE) o 2 ton and 5 ton cranes o 22 ft. clear height ceilings o 4 overhead doors

Transcript of SunPort Corporate Center - LoopNet › d2 › A1Ft8h2apyvqw-qGLjILCfX1... · 2016-03-31 · SunPort...

Page 1: SunPort Corporate Center - LoopNet › d2 › A1Ft8h2apyvqw-qGLjILCfX1... · 2016-03-31 · SunPort Corporate Center Sale/Lease Offering | Divisible to 30,000 SF • 348,005+/- SF

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

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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

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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

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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

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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

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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

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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

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SunPort Corporate Center

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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

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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: