vista west business center | weston solutions | trc environmental · 2018. 10. 22. · this...

Jake Mechenbier cell 505 917 5514 [email protected]

Vista West Business Center | Weston Solutions | TRC Environmental

OfferingMemorandumCore Investment | Strategic Locations | Strong Fundamentals

Business Center Portfolio | Office, Warehouse, Flex

A division of NAI Maestas & Ward

Cole Flanagan, CPA, MBAcell 505 235 7585 [email protected]

Presented by

6801 Jefferson St. NE, Suite 200 | Albuquerque NM 87109 office 1 505 878 0001 | www.IPArealty.com

PROPERTIES AVAILABLE SEPARATELY

Offering Memorandum | 2A division of NAI Maestas & Ward

ConfidentialDisclaimer

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving from NAI Maestas & Ward and should not be made available to any other person or entity without the written consent of NAI Maestas & Ward. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation.

NAI Maestas & Ward has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, NAI Maestas & Ward has not verified, and will not verify, any of the information contained herein, nor has NAI Maestas & Ward conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT A NAI MAESTAS & WARD ADVISOR FOR MORE DETAILS.

ConfidentialDisclaimerConfidentialDisclaimer


Investment Property Advisors is pleased to offer for sale a business center portfolio which encompasses Vista West Business Center at 5635-5659 Jefferson St NE, TRC Environmental at 4221 Balloon Park Rd NE, and Weston Solutions at 3840 Commons Ave in Albuquerque, NM. The properties are located in the coveted North I-25 Corridor with convenient access to Interstate 25 which is less than half a mile south of the properties. The North I-25 Corridor has extremely high barriers to entry.

The approximately 115,356 sq. ft. portfolio is broken down into three separate properties: Vista West Business Center (+/- 94,560 SF), TRC Environmental (+/- 12,800 SF), and Weston Solutions (+/- 8,050 SF). The portfolio encompasses office, warehouse, and flex space. The portfolio offers significant in-place cash flow and is priced at an 8% CAP Rate based on current, in-place income.

The portfolio of properties features a strong mix of national, regional, and local tenants with staggered lease rollovers. Many of the tenants have had long tenures at the properties. This investment benefits from the strong tenancy and irreplaceable location in the coveted North I-25 Corridor. In addition, the portfolio offers significant in-place income at a price point well below replacement cost. Substantial cash flow combined with low downside risk, make this portfolio an opportunity on which an investor can capitalize.

Offering SummaryPurchase Price $9,994,004

Price per Square Foot $86.64

Net Operating Income $799,520

Cap Rate 8.00%

� Business Center Portfolio (Office/Warehouse/Flex) - Portfolio: ±115,356 SF - Vista West Business Center: ±94,506 SF (93% occupied) - TRC Environmental: ±12,800 SF (Single-Tenant) - Weston Solutions: ±8,050 SF (Single-Tenant) - Properties Available Separately

� High-yielding investment - 8% Cap Rate based on current, in-place income

� Priced below replacement cost - $86.64/SF

� Premier locations - Located in the coveted North I-25 Corridor - Convenient access to Interstate 25 - Extremely high barriers to entry

� Strong mix of national, regional, and local tenants - Many tenants have long tenures at the properties

� Staggered lease rollovers

� Institutionally managed asset - Well-maintained buildings - Recent capital improvements

HIGHLIGHTSInvestmentHighlights

87,000+ Population within a 3-mile radius of site

$64,000+ Average Household Income

in a 3-mile radius


Square Footage: ±115,356 SF

Amount $ / SF

Current Projected Rent (92.5% Occupancy) $1,103,225 9.56

Expense Reimbursements $112,058 0.97

GROSS SCHEDULED INCOME $1,215,283 10.54

Estimated Operating Expenses

Utilities - Electric $10,718 0.09

Utilities - Gas $1,281 0.01

Utilities - Water $18,218 0.16

Utilities - Sewer $5,197 0.05

Utilities - Refuse $15,484 0.13

Cleaning Service $9,858 0.09

Landscaping $26,752 0.23

Security $16,866 0.15

Grounds & Parking $12,222 0.11

General Building Maintenance $31,054 0.27

Property Management $52,440 0.45

Property Taxes $97,120 0.84

Insurance $19,880 0.17

Extra Ordinary Expenses $5,922 0.05

Non Pass Through Utilities $43,209 0.37

Non Pass Through Cleaning $14,924 0.13

Non Pass Through HVAC $21,700 0.19

Non Pass Through Security $2,480 0.02

Non Pass Through General Building $10,438 0.09

TOTAL OPERATING EXPENSES $415,763 3.60

NET OPERATING INCOME $799,520 6.93

PortfolioOperatingSummary



Amount $ / SF

Current Projected Rent (92.5% Occupancy) $887,264 9.39

Expense Reimbursements $88,671 0.94

GROSS SCHEDULED INCOME $975,935 10.33

Estimated Operating Expenses

Utilities - Electric $2,224 0.02

Utilities - Water $12,358 0.13

Utilities - Sewer $4,969 0.05

Utilities - Refuse $14,011 0.15

Landscaping $16,228 0.17

Security $16,866 0.18

Grounds & Parking $11,912 0.13

General Building Maintenance $24,942 0.26

Property Management $42,112 0.45

Property Taxes $76,768 0.81

Insurance $16,844 0.18

Extra Ordinary Expenses $5,922 0.06

Non Pass Through Utilities $43,209 0.46

Non Pass Through Cleaning $14,924 0.16

Non Pass Through HVAC $21,700 0.23

Non Pass Through Security $2,480 0.03

Non Pass Through General Building $10,438 0.11

TOTAL OPERATING EXPENSES $337,906 3.58

NET OPERATING INCOME $638,029 6.75

Vista WestOperatingSummary


Key Tenant Profiles

Analog Devices, Inc. is an American multinational semiconductor company specializing in data conversion and signal processing technology. The company is headquartered in Norwood, MA. Analog Devices has approximately 100,000 customers across many industries including communications, computer, industrial, military, aerospace, and automotive among others. The company is on the NASDAQ under the ticker symbol ADI. Revenue for 2017 exceeded $5 billion.

Analog Devices, Inc.

Quell Corporation is a electronic manufacturing company that is headquartered in Albuquerque. Quell Corporation makes EESeal FilterSeals brand of EMI Filters, Retrofit Inserts, and Transient Suppressors. EESeal FilterSeal EMI Filter Inserts are a simple, low-weight, small-size, instant-install, reliable alternative to filter connectors, filter adapters, and other types of interface and signal filters.

Quell CorporationPizza 9 opened their first location on October 1, 2008. The Chicago Style Pizza concept was founded by Hass Aslami and Rod Etemadi who have extensive experience in the restaurant industry. Since opening their first location they have since sold multiple franchises across the Southwest. This location at Vista West serves as their headquarters.

Pizza 9Loco Jumps, Inc. is the largest provider of fun jumps (bounce houses) in Albuquerque. The company has an extensive selection of bounce houses with a variety of characters and designs. The company also carries slides, water slides, dunk tanks, obstacle courses, and tables and chairs to accommodate just about any event.

Loco Jumps, Inc.SWCA, Inc. is a nationwide environmental consulting firm. The company has been in business for more than 35 years and is a recognized leader for bringing sound science and creative solutions to their clients. Some of the industries they service include mining, government, oil and gas, and transmission among others.

SWCA, Inc.Breg, Inc. manufactures and markets sports medicine products and services for orthopedic patient care. It offers knee braces, shoulder braces, fracture bracing products, hip bracing, and spine braces among many other products. The company sells its products throughout the country and internationally. The company was founded in 1989 and is based in Carlsbad, CA.

Breg, Inc.

Westwind Computer Products, Inc. is a value added reseller and provider of IT products and services to the Federal Government. Westwind was founded in 1992 and is headquartered in Albuquerque at Vista West with remote locations in New Jersey, South Carolina, Colorado, Texas, and the Washington DC area. The company services federal customers through the United States as well as overseas.

Westwind Computer Products, Inc.

New Mexico Big Prints is a one stop shop choice for large format, big prints. They output their customer’s work to large format digital printers. Some of the products and services they offer include outdoor signs, back-lit signs, etched glass signs, 3-D raised letters, and vehicle wraps.

New Mexico Big Prints

Critical Solutions LLC is a cannabis dispensary with multiple locations throughout New Mexico. The company helps patients restore their health through high-quality medical grade cannabis flower, products, and edibles. The company prides itself on its quality as well as its consistent price points.

Critical Solutions LLCSouthwest Labs LLC is an advanced toxicology reference laboratory, located in Albuquerque that is dedicated to medical professionals, patients, and communities. Southwest Labs is focused on clinical drug testing. Southwest Labs was formed by individuals with years of experience as reference laboratory professionals and addiction

Southwest Labs LLCKrazy Lizard Taqueria is owned by Hanif Mohamed. The restaurant provides Mexican tacos, burritos, seafood, tortas, sandwiches, rolls and hot salsa at affordable prices. The food is made fresh daily and local ingredients are utilized as much as possible.

Krazy Lizard Taqueria



Amount $ / SF

Income

RENTAL INCOME $122,521 $15.22

Operating Expenses

Utilities - Electric $8,494 $1.06

Utilities - Gas $1,281 $0.16

Utilities - Water $5,860 $0.73

Utilities - Sewer $228 $0.03

Utilities - Refuse $1,473 $0.18

Cleaning Services $9,858 $1.22

Landscaping $4,487 $0.56

HVAC Repair & Maintenance $3,434 $0.43

Grounds & Parking $310 $0.04

General Building Maintenance $2,550 $0.32

Property Management (4% + NMGRT) $5,287 $0.66

Property Taxes $10,297 $1.28

Insurance $909 $0.11

TOTAL OPERATING EXPENSES $54,466 $6.77

NET OPERATING INCOME $68,055 $8.45

Weston SolutionsIncome Statement


Location 3840 Commons Ave NE, Albuquerque, NM 87109

Tenant Weston Solutions, Inc.Building Size ±8,050Land Size ±0.71 AcresCommencement Date February 1, 2006Remaining Base Lease Term About 4 Years through August 31, 2022

Renewal Options None

Rental Income $122,521

Rental Increases 9/1/2019; $15.60/SF 9/1/2020; $15.99/SF 9/1/2021; $16.39/SF

Lease Type Full ServiceSecurity Deposit $9,391.67

Lease Summary

* Tenant has option to terminate lease 8/31/2020 and 8/31/2021 with six months written notice

Weston Solutions


Weston Solutions is a premier provider of environmental and infrastructure support services serving federal, state, and local government, and industrial, utility, and commercial clients. Their singular focus is to understand their client’s business demands and apply their capabilities to solve their most complex challenges. Some of their services involve remediation, rapid and emergency planning, compliance and permitting, air quality management, water and wastewater management, and infrastructure improvements.

Roy Weston founded Roy F. Weston, Inc. (Weston) in 1957. The company was initially focused on wastewater treatment and was recognized as a groundbreaking environmental engineering firm. Weston has grown over the years both internally as well as through acquisitions. Today, the company is employee-owned.

Weston Solutions has multiple offices throughout the country and is headquartered in West Chester, PA. The company has 22 core office locations and the location in Albuquerque is the core office for the state of the New Mexico.

TenantHighlights

Tenant ProfileTenant Weston Solutions, Inc.Tenant's Headquarters Westchester, PA

Locations 22 offices located throughout multiple states

Year Founded 1957Website www.westonsolutions.com

Weston Solutions



Amount $ / SF

Rental Income $93,440 $7.30

Expense Reimbursement $23,387 $1.83

GROSS INCOME $116,827 $9.13

Operating Expenses

Landscaping $6,037 $0.47

General Building Maintenance $128 $0.01

Property Management (4% + NMGRT) $5,041 $0.39

Property Taxes $10,055 $0.79

Insurance $2,127 $0.17

TOTAL OPERATING EXPENSES $23,388 $1.83

NET OPERATING INCOME $93,439 $7.30

TRC EnvironmentalIncome Statement


Location 4221 Balloon Park Rd NE, Albuquerque, NM 87109

Tenant TRC EnvironmentalBuilding Size ±12,800Land Size ±1.00 AcresCommencement Date December 18, 1996Remaining Base Lease Term About 1 Year through September 30, 2019

Renewal Options (1) 5-year @ fair market rate

Rental Income $93,440

Lease Type NNN

Security Deposit $4,000.00

Lease Summary

TRC Environmental


TRC is an engineering, consulting, and construction management firm. TRC provides integrated services to the power, oil and gas, environmental, and infrastructure markets. The company serves a broad range of public and private clients. TRC directs projects from concept to completion to help solve the toughest challenges.

TRC has 120 offices located throughout 39 states, China, Canada, and Great Britain. TRC employs over 4,000 employees across the world. The company is headquartered in the United States in Lowell, MA. TRC Environmental is a wholly owned subsidiary of TRC Companies, Inc. TRC has been in business for almost 50 years and was founded in 1969.

TRC’s vision is to solve challenges in order make the world a better place to live, community by community, project by project. The company applies creativity, experience, integrity, and dedication to deliver superior solutions to the world’s energy, environment, and infrastructure challenges.

TenantHighlights

Tenant ProfileTenant TRC EnvironmentalTenant's Headquarters Lowell, MA

Locations 120 offices located in 39 states, China, Canada, and Great Britain

Year Founded 1969Website www.trcsolutions.com

TRC Environmental


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Demographic and Income Profile4001 Office Court Dr, Santa Fe, New Mexico, 87507 Prepared by EsriRing: 5 mile radius Latitude: 35.63314

Longitude: -106.01568

Summary Census 2010 2018 2023Population 78,059 83,150 87,263Households 32,336 34,297 35,986Families 18,516 19,103 19,849Average Household Size 2.37 2.39 2.39Owner Occupied Housing Units 20,362 22,058 23,500Renter Occupied Housing Units 11,974 12,240 12,486Median Age 38.4 40.1 40.5

Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 0.97% 0.43% 0.83%Households 0.97% 0.37% 0.79%Families 0.77% 0.20% 0.71%Owner HHs 1.27% 0.46% 1.16%Median Household Income 1.85% 2.07% 2.50%

2018 2023 Households by Income Number Percent Number Percent

<$15,000 4,256 12.4% 3,506 9.7%$15,000 - $24,999 4,333 12.6% 3,956 11.0%$25,000 - $34,999 3,491 10.2% 3,366 9.4%$35,000 - $49,999 4,766 13.9% 4,921 13.7%$50,000 - $74,999 6,513 19.0% 7,279 20.2%$75,000 - $99,999 4,044 11.8% 4,903 13.6%$100,000 - $149,999 4,118 12.0% 4,872 13.5%$150,000 - $199,999 1,227 3.6% 1,331 3.7%$200,000+ 1,550 4.5% 1,853 5.1%

Median Household Income $50,766 $55,642Average Household Income $70,148 $79,497Per Capita Income $29,401 $33,246

Census 2010 2018 2023 Population by Age Number Percent Number Percent Number Percent

0 - 4 5,308 6.8% 5,118 6.2% 5,349 6.1%5 - 9 4,968 6.4% 4,913 5.9% 5,052 5.8%10 - 14 4,874 6.2% 4,897 5.9% 5,067 5.8%15 - 19 4,771 6.1% 4,758 5.7% 4,903 5.6%20 - 24 4,785 6.1% 5,361 6.4% 5,295 6.1%25 - 34 10,616 13.6% 11,193 13.5% 11,950 13.7%35 - 44 10,698 13.7% 10,382 12.5% 10,874 12.5%45 - 54 11,177 14.3% 10,432 12.5% 10,248 11.7%55 - 64 10,937 14.0% 11,647 14.0% 11,310 13.0%65 - 74 5,910 7.6% 9,042 10.9% 10,156 11.6%75 - 84 2,853 3.7% 3,920 4.7% 5,364 6.1%

85+ 1,164 1.5% 1,488 1.8% 1,694 1.9%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 57,639 73.8% 60,244 72.5% 62,801 72.0%Black Alone 773 1.0% 987 1.2% 1,184 1.4%American Indian Alone 1,916 2.5% 2,258 2.7% 2,546 2.9%Asian Alone 1,020 1.3% 1,343 1.6% 1,627 1.9%Pacific Islander Alone 67 0.1% 89 0.1% 107 0.1%Some Other Race Alone 13,640 17.5% 14,850 17.9% 15,401 17.6%Two or More Races 3,004 3.8% 3,378 4.1% 3,598 4.1%

Hispanic Origin (Any Race) 47,410 60.7% 51,335 61.7% 54,324 62.3%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2018 and 2023.

August 06, 2018

©2018 Esri Page 5 of 6

Demographic and Income Profile5635 Jefferson St NE, Albuquerque, New Mexico, 87109 2 Prepared by Esri5635 Jefferson St NE, Albuquerque, New Mexico, 87109 Latitude: 35.14545Ring: 1 mile radius Longitude: -106.59662

Summary Census 2010 2018 2023Population 8,412 8,335 8,371Households 3,830 3,763 3,765Families 1,791 1,676 1,646Average Household Size 2.14 2.16 2.17Owner Occupied Housing Units 811 807 819Renter Occupied Housing Units 3,019 2,956 2,947Median Age 28.7 30.9 31.9

Trends: 2018 - 2023 Annual Rate Area State NationalPopulation 0.09% 0.43% 0.83%Households 0.01% 0.37% 0.79%Families -0.36% 0.20% 0.71%Owner HHs 0.30% 0.46% 1.16%Median Household Income 2.20% 2.07% 2.50%


<$15,000 737 19.6% 604 16.0%$15,000 - $24,999 603 16.0% 547 14.5%$25,000 - $34,999 477 12.7% 456 12.1%$35,000 - $49,999 634 16.8% 637 16.9%$50,000 - $74,999 664 17.6% 740 19.7%$75,000 - $99,999 422 11.2% 519 13.8%$100,000 - $149,999 150 4.0% 176 4.7%$150,000 - $199,999 56 1.5% 62 1.6%$200,000+ 22 0.6% 25 0.7%



0 - 4 677 8.0% 624 7.5% 645 7.7%5 - 9 594 7.1% 551 6.6% 547 6.5%10 - 14 422 5.0% 483 5.8% 468 5.6%15 - 19 540 6.4% 472 5.7% 471 5.6%20 - 24 1,220 14.5% 777 9.3% 801 9.6%25 - 34 1,743 20.7% 2,003 24.0% 1,784 21.3%35 - 44 936 11.1% 1,095 13.1% 1,255 15.0%45 - 54 841 10.0% 760 9.1% 768 9.2%55 - 64 599 7.1% 653 7.8% 666 8.0%65 - 74 393 4.7% 457 5.5% 490 5.9%75 - 84 258 3.1% 280 3.4% 303 3.6%

85+ 187 2.2% 181 2.2% 175 2.1%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 4,771 56.7% 4,525 54.3% 4,418 52.8%Black Alone 415 4.9% 401 4.8% 399 4.8%American Indian Alone 970 11.5% 1,010 12.1% 1,056 12.6%Asian Alone 140 1.7% 153 1.8% 164 2.0%Pacific Islander Alone 20 0.2% 18 0.2% 18 0.2%Some Other Race Alone 1,610 19.1% 1,713 20.6% 1,783 21.3%Two or More Races 487 5.8% 515 6.2% 534 6.4%



September 10, 2018






<$15,000 2,889 15.0% 2,368 12.2%$15,000 - $24,999 2,868 14.9% 2,612 13.4%$25,000 - $34,999 2,413 12.5% 2,322 11.9%$35,000 - $49,999 2,828 14.7% 2,870 14.8%$50,000 - $74,999 3,323 17.2% 3,656 18.8%$75,000 - $99,999 2,199 11.4% 2,597 13.4%$100,000 - $149,999 1,796 9.3% 1,986 10.2%$150,000 - $199,999 536 2.8% 554 2.8%$200,000+ 420 2.2% 485 2.5%



0 - 4 2,897 6.9% 2,682 6.3% 2,737 6.3%5 - 9 2,582 6.1% 2,566 6.0% 2,550 5.9%10 - 14 2,122 5.0% 2,366 5.5% 2,417 5.6%15 - 19 2,504 5.9% 2,212 5.2% 2,318 5.4%20 - 24 4,046 9.6% 3,113 7.3% 3,078 7.1%25 - 34 7,118 16.8% 7,583 17.7% 7,048 16.3%35 - 44 4,942 11.7% 5,419 12.7% 5,951 13.8%45 - 54 5,436 12.9% 4,663 10.9% 4,627 10.7%55 - 64 4,566 10.8% 4,940 11.6% 4,717 10.9%65 - 74 2,982 7.1% 3,807 8.9% 4,172 9.6%75 - 84 2,155 5.1% 2,278 5.3% 2,559 5.9%

85+ 924 2.2% 1,097 2.6% 1,093 2.5%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 28,151 66.6% 27,465 64.3% 27,157 62.8%Black Alone 1,380 3.3% 1,372 3.2% 1,384 3.2%American Indian Alone 3,203 7.6% 3,458 8.1% 3,692 8.5%Asian Alone 951 2.2% 1,053 2.5% 1,132 2.6%Pacific Islander Alone 57 0.1% 54 0.1% 54 0.1%Some Other Race Alone 6,446 15.2% 7,056 16.5% 7,452 17.2%Two or More Races 2,085 4.9% 2,269 5.3% 2,394 5.5%



September 10, 2018






<$15,000 5,028 13.0% 4,099 10.4%$15,000 - $24,999 4,887 12.6% 4,414 11.2%$25,000 - $34,999 4,596 11.8% 4,369 11.1%$35,000 - $49,999 5,493 14.2% 5,556 14.1%$50,000 - $74,999 6,963 17.9% 7,555 19.2%$75,000 - $99,999 4,889 12.6% 5,706 14.5%$100,000 - $149,999 4,436 11.4% 4,892 12.4%$150,000 - $199,999 1,405 3.6% 1,462 3.7%$200,000+ 1,123 2.9% 1,290 3.3%



0 - 4 5,336 6.1% 4,975 5.7% 5,092 5.7%5 - 9 5,050 5.8% 4,893 5.6% 4,902 5.5%10 - 14 4,684 5.4% 4,765 5.4% 4,826 5.4%15 - 19 5,408 6.2% 4,772 5.4% 4,856 5.4%20 - 24 7,156 8.2% 5,776 6.6% 5,496 6.1%25 - 34 12,822 14.7% 14,005 15.9% 13,362 15.0%35 - 44 10,178 11.7% 10,773 12.3% 11,951 13.4%45 - 54 12,150 14.0% 10,196 11.6% 9,870 11.0%55 - 64 10,683 12.3% 11,422 13.0% 10,800 12.1%65 - 74 6,718 7.7% 8,913 10.1% 9,941 11.1%75 - 84 4,693 5.4% 5,018 5.7% 5,840 6.5%

85+ 2,104 2.4% 2,412 2.7% 2,436 2.7%Census 2010 2018 2023

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 61,775 71.0% 60,492 68.8% 60,176 67.3%Black Alone 2,275 2.6% 2,282 2.6% 2,325 2.6%American Indian Alone 5,110 5.9% 5,587 6.4% 6,047 6.8%Asian Alone 2,096 2.4% 2,334 2.7% 2,527 2.8%Pacific Islander Alone 95 0.1% 90 0.1% 88 0.1%Some Other Race Alone 11,733 13.5% 12,871 14.6% 13,683 15.3%Two or More Races 3,900 4.5% 4,263 4.8% 4,527 5.1%



September 10, 2018


Demographics1, 2 & 3 Miles

Offering Memorandum | 26A division of NAI Maestas & Ward Offering Memorandum | 26A division of NAI Maestas & Ward

AlbuquerqueMETRO AREATrade Area Analysis

Albuquerque | Why Here? Why Now?Located near the geographic center of New Mexico at the intersection of I-25 and I-40 and resting at the foot of the Sandia Mountains, Albuquerque is the state’s most populous city and one of the most livable in the U.S. The city serves as a major transportation and shipping hub for the Southwest, with BNSF Railway, air cargo from Albuquerque International Sunport airport, and a commuter train running from Belen to Santa Fe. Albuquerque is home to the International Balloon Fiesta, the world’s largest gathering of hot-air balloons. A talented workforce, a business-friendly environment, a community rooted in history and a high quality of life make Albuquerque hard to beat.

ALBUQUERQUE HEALTHCARE. Is the center of health care excellence in NM. University of NM is a nationally recognized Class 1 research institution. There are 1,943 licensed hospital beds in metro area

Top 8 Reasons to choose Albuquerque

Invest in Albuquerque � Low-Risk Location

� Skilled Workforce

� Business Incentives

� The Metro Area Communities

� Quality of Life

� Cost of Living

� Innovation Central

� On the cutting edge of Technology

UTAH

TEXAS

OKLAHOMA

COLORADO

ARIZONA40

25

Santa FeAlbuquerque

Las Cruces Albuquerque

Bernalillo

Albuquerque Metro

Rio Rancho

Los Lunas

Belen

40

40

25

Albuquerque City

Albuquerque

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New Mexico

Albuquerque City by the numbers (ESRI 2017 Demographics)

653,761 City Population

$67,029 Average Household Income

261,158 Households

$40,404 Median Disposable Income

27,083 Total Businesses

368,764 Total Employees

922,914 Albuquerque

Meto Population

The Largest

City in the State

ALBUQUERQUE EDUCATION | SKILLED WORKFORCE Ranks top in nation for cities with the most college graduates, 69,000 college students reside in metro area, has one of the largest # of PhDs per capita in the nation

COMPETITIVE BUSINESS CLIMATE Low energy costs, low property taxes, affordable real estate and cost of living, a qualified/productive workforce, aggressive incentives, efficient market access

Ranked 6th in America’s favorite cities list - Travel + Leisure

Ranks among America’s best cities for global trade - Global Trade Magazine

The 5th most cost-friendly city to do business in the U.S. - KPMGIn the news

vista west business center | weston solutions | trc environmental · 2018. 10. 22. · this...

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