trc environmental | single -tenant offering...trc environmental | single -tenant 6801 jefferson st....

Jake Mechenbier cell 505 917 5514 [email protected]

Office-Warehouse Investment | Strong, International TenantTRC Environmental | Single -Tenant

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

4221 Balloon Park Rd. NE | Albuquerque, NM 87109

A division of NAI Maestas & Ward

OfferingMemorandum

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

Presented by

Offering Memorandum | 2A division of NAI Maestas & Ward

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.

ConfidentialDisclaimer


InvestmentHighlights

Investment Property Advisors is pleased to offer for sale a net-leased office-warehouse leased to TRC Environmental in Albuquerque, NM. The asset is located at 4221 Balloon Park Rd NE in the coveted North I-25 Corridor. The North I-25 Corridor has significant barriers to entry and offers convenient access to Interstate 25.

The approximately 12,800 sq. ft. building is situated on about 1.00 acre. TRC Environmental has a long tenure at the property and has shown commitment to this site. TRC has occupied the property since 1996 and has exercised multiple extensions during that timeframe. TRC is a strong, international tenant that has 120 locations in 39 states, China, Great Britain, and Canada. The company employs over 4,000 employees and has been in business since the 1960’s. TRC Environmental is a wholly-owned subsidiary of TRC Companies, Inc.

This investment is priced below replacement cost at $1,246,000 ($97/SF) which equates to a 7.50% CAP Rate. This investment benefits from the strong, credit tenant, low in-place lease rate, minimal landlord responsibilities, and its excellent location. The passive nature of the lease combined with the numerous intrinsic property characteristics and minimal downside risk, make this property an opportunity on which an investor can capitalize for the foreseeable future.

� Single-tenant, office-warehouse building leased to international company (TRC Environmental)

� Low price point - $1,246,000 - Priced below replacement cost ($97.34/SF)

� Building size: ±12,800 SF

� Land size: ±1.00 acres

� Strong, international tenant - TRC has 120 offices located throughout 39 states, Canada, China, and Great Britain - Over 4,000 employees globally - Been in business almost 50 years, founded in

1969

� Long-tenured tenant - committed to this location - TRC has operated at this location since 1996 and has exercised multiple renewal options

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

Offering SummaryPurchase Price $1,246,000

Price per Square Foot $97.34

Net Operating Income $93,439

Cap Rate 7.50%

Lease Type NNN

HIGHLIGHTS

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

$64,000+ Average Household Income

in a 3-mile radius

Square Footage: ±12,800 SF

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 Environmental


Income 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 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

Montgomery Blvd.

Montano Rd.

4th

St.

Jeff

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.

Renaissance Blvd.

Mission Ave.

Singer Blvd.

RESTAURANT ROW

25

25

Journal Center

CPD 162,400

San

Mat

eo B

lvd.

Osuna Rd.

S I TE

CPD 2

7,00

0

Customer Support

Del Norte High School


TradeAerial

@25 Business & Shopping

Center

Sitel

VISTA WEST BUSINESS CENTER Pizza 9 Corp. OfficeQuell Corporation

New Mexico Big PrintsKrazy Lizard Taqueria

Elevate Health/Wellness

Professional Paint Supply

Border States Electric

Southwest Labs

Teamsters Local 492

Total Mgt. Systems

TRC

Chase Candles

Cooperative Educational

ServicesNational

Distributing

S I T EWindsor Foods

Backerworks Manufacturing

Balloon Park Rd.

Jeffe

rson

St.

NE

CPD 2

7,00

0

Singer Blvd. NE

CPD 1

62,4

00

25

Sandia

Academy Boarding Kennels & Grooming


SiteAerial


PropertyPhotos

Albuquerque

S I TE

25

25

Los Ranchos de Albuquerque

40

40


1 Mile 2 Mile 3 Mile

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 | 12A division of NAI Maestas & Ward Offering Memorandum | 12A 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

25

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

trc environmental | single -tenant offering...trc environmental | single -tenant 6801 jefferson st....

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