1300 Desert Willow Dr
Industrial Investment Property
Marketing description
CBRE is pleased to present the opportunity to acquire 1300 Desert Willow Dr, Los Lunas, New Mexico. This two-tenant ±360,902 square foot industrial investment property is located in the rapidly expanding Los Lunas market, off Interstate 25 just 23 minutes south of Downtown Albuquerque. This property is near Meta's 2.8 million square foot data center, a Walmart distribution facility, an Amazon distribution facility and the Central New Mexico Rail Park. The property is also in close proximity to retail and hotel amenities including a Walmart Supercenter, Walgreens, Planet Fitness, Home Depot and numerous restaurants.
CBRE will facilitate the sale of the property following a structured initial due diligence timeline, call for offers, best and final and selection process. Prospective Buyer must be prepared to perform all necessary due diligence and financing up front and provide full qualification and closing capabilities with their offer.
Sitting on over 50 acres of land, there is significant expansion potential. In a climate of increased warehouse demand, this asset is one of the largest existing multi-tenant facilities in New Mexico.
Investment highlights
- Two-Tenant Industrial Investment: Pacific Fusion, a high-profile, early stage clean energy startup developing commercial nuclear fusion and Niagara Bottling a leading beverage manufacturer.
- Rapid Growth Sub-Market: The village of Los Lunas actively promotes a pro-development environment, offering competitive incentives and a rapid approval process for commercial and residential building permits. Major development includes Meta (Facebook) Data Center, Amazon Distribution Center, and Central NM Rail Park.
- Major Industrial Hub: Surrounded by major players like Facebook Data Center, Amazon, and Walmart.
- Significant Rent Upside Potential: Current lease rates are below market, offering a clear path to market-to-market upside.
- Established Anchor Tenant: Niagara Bottling, a long-standing tenant since 2017, currently pays below market rent and holds three additional three-year options, indicating strong retention potential and future rent growth.
- New, Expanding Tenant: Pacific Fusion recently signed a five-year lease and has expressed interest in expanding onto the excess land, suggesting future growth and increased asset utilization.
- Favorable Lease Structure: While the Weighted Average Lease Term (WALT) is just over 3 years, the long-term history with Niagara Bottling and Pacific Fusion's expansion interest mitigate typical WALT concerns, highlighting stability and growth prospects.
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