Case Study – 2551 Coors Blvd. NW

Ransom-With offers expert landlord/seller and tenant/buyer representation services and solutions in Albuquerque, New Mexico. We work to ensure that our unique solutions meet the needs of our clients, whether they are selling a property or looking for office space. A unique example of this is the property at 2551 Coors Blvd. NW.

The building had never been vacant since the building was built for Silo Electronics and Appliance in 1984, and later occupied by K&S Kawasaki. The Coors & I-40 Interchange construction changed the property from a retail location to an office location, and 2006 Pathways purchased and remodeled the building for their Behavioral Health Services. The FDIC acquired the building in 2015.

The Challenge

The Ransom-With Team was awarded the listing to sell an asset for Rialto Capital Management doing dispositions for the FDIC. This was not a typical disposition for the FDIC. When the FDIC acquired the asset, there was a service provider occupying the space without a lease. We needed to work through the FDIC and the State of New Mexico to ensure that the behavioral health clients that were relying on the services they provided at the 2551 Coors location were not without care while new state contracts were awarded, and leases and P&S agreements were negotiated and put into place.

The Result

The Ransom-With Team was able to secure a lease with NM Solutions for the 12,553 square-foot building, and then sold the property as a net-leased investment to an out-of-state investor.

Thanks for your interest in our work. If you would like to learn more about what we do, contact Ransom-With today.

Sincerely,

John Ransom and Tim With