SHADY LAKES ±11.87 ACRES OFFERING MEMORANDUM ALBUQUERQUE, NM METRO

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1 SHDY LUQUERQUE, NM METRO ±11.87 RES OFFERING MEMORNDUM

OFFERING OVERVIEW Shady Lakes is an exceptionally-unique property in lbuquerque s North Valley and is being offered to the market for the first time!

2 OFFERING OVERVIEW Shady Lakes is an exceptionally-unique property in lbuquerque s North Valley and is being offered to the market for the first time! Shady Lakes was established by the Phillips Family in 1962 and is well known locally for it s unique beauty. This oasis in the desert is ±11.87 acres, and consists of five land parcels, with ±8 acres of ponds. The ponds are plentiful with bass & trout, and teaming with wildlife, aquatic plants and colorful waterlilies. The land is tucked away among 100 year old cottonwood trees and is located in the Rio Grande Valley osque, less than a ¼ mile from the east bank of the Rio Grande. Shady Lakes is well suited for recreation, residential ND development use Shady Lakes is located at Fourth Street NW, lbuquerque, New Mexico It is just 10 miles north of downtown lbuquerque, and is only 20 minutes from the International Sunport. 2 miles west of Interstate 25 and Tramway lvd, it is ideally located in the metro area, but with the tranquility of lakes and country living in the natural beauty of the bosque. The alloon Fiesta Park, home of the International alloon Festival, Sandia asino & Resort, and many other locales close by.

HIGHEST ND EST USE Shady Lakes is a very unique property in the

There are very few large land parcels available within The osque,

Due to this uniqueness, the property has many options for the highest

3 HIGHEST ND EST USE Shady Lakes is a very unique property in the lbuquerque metro area. There are very few large land parcels available within The osque, especially with the type of resources that Shady Lakes offers. Due to this uniqueness, the property has many options for the highest and best use, including: Development into corporate retreat and/or other business uses. Development into several estate lots, with the wells and water rights as a major benefit. Estate home site for a buyer who wants a private, bosque setting on lake front property. ontinue to be used as a public or private recreational area. DEVELOP SEVERL HOME SITES Single RESIDENTIL Estate SITE Recreation rea PRIE: $2,500,000

4 PROPERTY OVERVIEW Shady Lakes is zoned (gricultural) in ernalillo ounty. The property has been open to the public as a family owned fishing and water lily business for over 50 years and was grandfathered in to allow this use. The asset includes two domestic wells, each allowed to pump ±3 acre feet of water per year. There is also one irrigation well which has rights to 61.5 acre feet of water annually and two MRGD irrigation ditches running through property, one of which is available for irrigation. Improvements include a ±1950 square foot single family home originally constructed in 1936 with an addition added in Out buildings consist of mid-age stables and gatehouse. Two full access points into the property from NM Highway 313. Within walking distance is the Sandia Pueblo Railrunner train station. The Railrunner provides access north to historic Santa Fe and south to downtown lbuquerque.

5 SHDY Santa Fe 40 Miles SHDY Downtown Uptown

SNDI TRIL LNDS zoning map RIO GRNDE ND OSQUE OPEN SPE INDIN LND SNDI TRIL LNDS RTHUR L WLKER LUQUERQUE RIVERSIDE DRIN 791 SP-83-354 4TH LUQUERQUE MIN NL INDIN LND 4 5 80 SP-87-39 INDIN LND 7921 792

WILD PL MNN 793 70 67 79D1 & 7922 79D2 1 SRP5---20078 651 791 SNDI EQUI MX 6 SP-80-193 7923 JERRY EDDIE SU-PERMIT FOR SINGLE FM DWELLING & IN-LW QURTERS SU-PERMIT FOR PULI UTILITY (DRINGE POND) MRTIN

MRLOWE 722 S P - - - 9 7 - - - 1 1 1 3 2 2 SP81-207 RES 1 SP-76-414 HVEZ 682 SP-73-92 73119 SP-83-56 FLOWERS L OLT ST FLOWERS RD 3 SP-86-316 S P - - - - - - 9 6 - - - - - - 3 1 2 SRP-70104 S P - - -

UI DRIN SNDI INDIN LND ROY 652 654 653 N NOT TO SLE ON HNNEL LND H RK!

6 SNDI TRIL LNDS zoning map RIO GRNDE ND OSQUE OPEN SPE INDIN LND SNDI TRIL LNDS RTHUR L WLKER LUQUERQUE RIVERSIDE DRIN 791 SP TH LUQUERQUE MIN NL INDIN LND SP INDIN LND LSTER WILD (U.S. HIGHW Y 85) LMED DRIN 1 M 79 L 1 K RTHUR SHDY L WLKER D E VLLEY FLOWERS 4 G DR WILD PL MNN D1 & D2 1 SRP SNDI EQUI MX 6 SP JERRY EDDIE SU-PERMIT FOR SINGLE FM DWELLING & IN-LW QURTERS SU-PERMIT FOR PULI UTILITY (DRINGE POND) MRTIN ST SNDI EQUI DRIN LUERO 42 ESPLIN N P SNDI MRLOWE SEY JONES PL MRGRET PL S P PINTO S P S P ESPLIN L 721 L MRLOWE 722 S P SP RES 1 SP HVEZ 682 SP SP FLOWERS L OLT ST FLOWERS RD 3 SP S P SRP S P D 2 SP E 73 D SNDI TRIL LNDS J F 2 G L S P H 3 RIHRD LM 4 SU-PERMIT FOR MULTIPLE SF DWELLINGS SNDI LVD SNDI TRIL LNDS EQ UI DRIN SNDI INDIN LND ROY N NOT TO SLE ON HNNEL LND H RK!( 2 ES 2 NT RE D1 2 1 E1 GHOLSON M-H M-H LOOP LMED DRIN SNDI INDIN 14 ESTTES M-H 5 3 PTRIIO GURULE JR S R P E2 SP SGT. PEPPER T 7 LND UTO STORGE YD ND SFD 621 M-H SU-PERMIT PRD FOR MH WLY POR OF TR 20 SNDI INDIN LND PTRIIO GURULE JR 5 P EIL ND FRNIS NIVENS SNDI PUELO GRNT 63 NORTH DIVERSION HNNEL DRINGE ROW LMED LTERL ELY POR OF TR PULI RIGHT OF WY 1 MR MR 60 8 VIST 7 DITH EDITH S SNDI PUELO GRNT SU-2 IP-EP OR SU-2 ROS 21D NORTH INTERSTTE 25 (STTE HIGHWY 422) NORTH DIVERSION HNNEL DRINGE 21D SU-2 IP-EP OR SU-2 90 V SNDI TRIL LNDS E H OST JR 59

7 313 S N D I aerial R IO G R N D E 313 SHDY NM RILRUNNER TRIN STTION TR 47 N S N D I PU E LO MW Y LV D

RE ND MRKET OVERVIEW lbuquerque s North Valley is one of the most desirable locations

eing a part of an old Spanish Land Grant that was irregularly platted over the

Primarily low density residential, homes range from modest single family to large

To the north is Sandia Pueblo and to the west is the Rio Grande osque open space.

9 RE ND MRKET OVERVIEW lbuquerque s North Valley is one of the most desirable locations within the metro area. It is primarily an area of rural, residential/agricultural uses. eing a part of an old Spanish Land Grant that was irregularly platted over the centuries, there are some unusually shaped parcels. Primarily low density residential, homes range from modest single family to large estate residences. To the north is Sandia Pueblo and to the west is the Rio Grande osque open space. LUQUERQUE MS Market 2016 DEMOGRPHIS LUQUERQUE, NM 49.3% MLE 50.7% FEMLE 37.3 MEDIN GE 30.7% HELORS DEGREE+ $67,857 VERGE INOME LUQUERQUE MS MRKET Q STTS 915, POPULTION LUQUERQUE, NM MS 6.2M VG VISITORS PER YER 43% NM POPULTION THT LIVES IN Q $2 ILLION HOSPITLITY INDUSTRY SUSTINS 89,000 JOS 6.0% LUQUERQUE UNEMPLOYMENT RTE 242K SF TOTL OMMERIL ONSTRUTION Source: Nielsen

SHDY LUQUERQUE, NM LND SERVIES GROUP MIHEL SHIFFER First Vice President +1 505 837 4913 michael.schiffer@cbre.com TREVOR HTHELL First Vice President +1 505 837 4922 trevor.hatchell@cbre.

ny projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property.

10 SHDY LUQUERQUE, NM LND SERVIES GROUP MIHEL SHIFFER First Vice President TREVOR HTHELL First Vice President PHOTOGRPH Y RON TYLOR 2017 RE, Inc. ll rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. ny projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. ny reliance on this information is solely at your own risk. RE and the RE logo are service marks of RE, Inc. and/or its affiliated or related companies in the United States and other countries. ll other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. RE and the RE logo are service marks of RE, Inc. and/or its affiliated or related companies in the United States and other countries. ll other marks displayed on this document are the property of their respective owners. PMStudio_pril2017

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