200, 202, 206, 208, 210 San Clemente Ave Nw, Albuquerque, NM 87107

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Erik O.

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Building Details:

• Year Built: 2013

200, 202, 206, 208, 210 San Clemente Ave Nw is amulti-family property for lease in Albuquerque, NM.

CBRE is pleased to offer the opportunity to acquire the San Clemente Apartment
Townhomes; 30 newly built, large apartment townhomes in Albuquerque’s desirable North Valley submarket. San Clemente has great access to the commercial thoroughfares of 4th Street and Montaño Road, providing residents with an abundance of recreation, services and employment opportunities. A Smith’s grocery store, a number of public and private schools, and a variety of restaurants are within a short walk or drive. The units were built in 2010, 2012 & 2013, and were built with condo-grade construction and top-quality interiors, and are at a 93% occupancy in June of 2015. The premium units, new construction and lack of competing properties in the North Valley submarket make San Clemente a tremendous investment opportunity.

Though owned and operated as a 30-unit apartment complex, the San Clemente
Apartment Townhomes sit on 5 separately platted land parcels, each with a 6-plex, 2-story building, complete with separate parking lots, entrances and landscaped areas. The configuration allows for future operations as an apartment complex, or to separate into smaller 6-plex investments. There is also potential to sell 30 separate townhome condominiums.

San Clemente is encumbered by debt that will have to be paid in full at closing.

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