Altura Professional Building — High Yield Real Estate Opportunity


Altura Professional Building is structured as a tenant-in-common investment property. As co-owners in the Altura Professional Building, investors will be “on title” and have voting rights to participate actively in management decisions involving the property--including the leasing, property management, financing decisions, and eventual sale of the property. Co-owners will not, however, be burdened with the day-to-day property management responsiilities as a highly-qualified, third-party property management firm will to manage the property, provide monthly operating reports, and make monthly ownership distributions to the co-owners. Co-owners will have active control of the property without the inconvenience and bother of tenant issues, monthly accounting, and other daily management duties ... cash flow, convenience, control.

 

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ABOUT ALTURA

Altura — A Solid Investment with Great Tenants

This Altura Professional Building is located along, and visible from, a major freeway (I-40). It is also proximate to the University of New Mexico, one of the largest employers in Albuquerque with an enrollment of approximately 35,000. The property has three “anchor-quality” tenants including a long-term US Government lease. The other two major tenants are: Lovelace Health System Inc., one of the largest health providers in New Mexico with over 100 years in Albuquerque; and Butt, Thorton, & Baehr, PC, home to over 50 attorneys established in Albuquerque since 1959. Combined, these three tenants comprise 85% of the leasable space in the Altura Professional Building.

Altura Anchor Tenants
 

FINANCIAL SUMMARY

› Offering Price: $23,200,000

› Loan Amount: $11,700,000

› Equity Offering: $11,500,000

› Minimum Investment: $1,000,000

› Projected Cash Flow (Year 1)1: 8.00%

HIGHLIGHTS

› 100% Current Occupancy

› Great "Anchor" Tenants

› Located Along Major Freeway (I-40)

› 1031 Exchanges Eligible

› Investments Starting from $1,000,000

Call Us To Discuss This Investment Opportunity: 424.343.9000

Ron Glasgow
Managing Director,
KB Exchange Trust
rglasgow@kbxtrust.com

Jeff Farnsworth
Regional VP,
San Francisco
jfarnsworth@kingsbarnca.com

Steven Prescott
Regional VP,
San Diego
prescott@kingsbarnca.com

Rob Boese
Regional VP,
Los Angeles
rboese@kingsbarnca.com

Matt McQueen
Regional VP,
Orange County
mmcqueen@kingsbarnca.com

1 This website does not purport to be complete and should be viewed in conjunction with the Offering Memorandum. An investment of this sort is speculative and involves a high degree of risk. Projections of future performance contained herein are based on specific assumptions discussed more fully in the Offering Memorandum and do not constitute a guaranty of future performance.
This website is not an offer to sell, or a solicitation of an offer to buy direct undivided tenant in common real property interests (“Real Property Interest(s)”). It a summary of certain relevant information on a commercial real property solely to obtain indications of purchase interest and determine purchaser qualifications only. These Real Property Interests will only be offered and may only be purchased pursuant to a Tenancy in Common Purchase Agreement and a Private Real Estate Offering Memorandum (“Offering Memorandum”) that contain extensive disclosure on the Subject Property, to “qualified purchasers,” with substantial experience with commercial real estate, who meet certain liquid net worth and sophistication requirements. These Real Property Interests are direct undivided investments in commercial real property which must be actively managed, and not a passive investment security, and therefore, have not been, and will not be, registered under any federal or state securities laws. The Real Property Interests will only be offered to and available for purchase by residents of such states as permit the offer or purchase of such Real Property Interests under applicable laws. This brochure does not purport to be complete and is qualified in its entirety to the Offering Memorandum.

Securities offered through registered representatives of Colorado Financial Service Corporation, Member FINRA and SIPC. Kingsbarn and Colorado Financial Service Corporation are separate entities. Any information provided on this site has been prepared from sources believed to be reliable, but is not guaranteed by Kingsbarn Real Estate Capital or Colorado Financial Service Corporation and is not a complete summary or statement of all available data necessary for making an investment decision. Any information provided is for informational purposes only and does not constitute a recommendation. Check the background of this investment professional on FINRA’s BrokerCheck