CAMPAIGNS  ›  Real Estate Deal  ›  Yearout Mechanical HQ

Equity Venture Partners in partnership with B&D Holdings presents Yearout Mechanical HQ; an 87,987 SF highly-functional three-building industrial asset, on 7.35 acres, located in Albuquerque, NM. The property will be 100% leased to Yearout Mechanical, serving as its headquarters and only location, on a 12-year absolute net lease and 2.00% annual increases. The property offers an attractive above-market going-in yield, with a cap rate of 7.18% (yield on cost of 6.93%).

Yearout Mechanical has been at the subject property for over 18 years. The purchase price ($13,050,000; $148/SF) reflects an attractive below replacement cost basis on an in-fill industrial asset in a strong market.