New Mexico Commercial Real Estate Auctions

Good morning!

The auction date has been moved to June to accommodate the new property replat! - We are scheduling tours between now and June 6th, 2023.

All parties in attendance, must be registered with the Ten-X platform prior to the tour

https://www.ten-x.com/listing/300-san-mateo-blvd-ne-albuquerque-nm-87108/28212135/

The property is without light/power, so please bring your own flashlight and closed toe shoes.

I am also glad to schedule a zoom meeting to review the property, market demand for rental units, and the development model.

You can schedule that at http://www.nmapartment.com/abqsanmateo

Thanks,

Todd Clarke CCIM CIPS

CEO

NM Apartment Advisors Inc.

(505) 440-TODD

NM Apartment Advisors and Ten-X are proud to bring to opportunity to redevelop a 10 story, 101,000 square foot office building into apartment units.

The property is located in East Nob-Hill and in the path of new development along a major transportation corridor. The upper floors offer unparalleled views in all directions. 80% of the building has been gutted offering wall to wall views and making redevelopment easier.

Brief offering summary available at http://www.nmapartment.com/apt/NMAA-SanMateo300NE.pdf

Full development model available in the deal center for qualified investors who register at http://www.nmapartment.com/tenx

Revised auction dates: Auction opens June 5th, 2023 and closes June7th, 2023 - only cash offers are accepted.

The rare, profitable opportunity to acquire and redevelop the 10 stories atop 3.3701 acres at 300 San Mateo Boulevard NE has been brought to the market on the Ten-X platform. The current tower building has plans for multi-family redevelopment of 115 apartment units, with eight residential floorplans (currently) ranging from 489 to 1,546 square feet. This grand opportunity has been brought to the market amid the current housing crisis Albuquerque is facing, making it an ideal time for a savvy investor to add to the housing inventory and enjoy the growth.

Do not miss out in this amazing redevelopment opportunity and the ability to develop into a high demand market as Albuquerque is the #1 multifamily market in the country for rent growth due to all of the new Netlflix, Amazon, Facebook, and Intel jobs.

Thanks,

Todd Clarke CCIM CIPS

CEO

NM Apartment Advisors Inc.

(505) 440-TODD