THE OFFERING The French Quarter is a recently renovated investment opportunity in Albuquerque’s Southeast submarket. It is stabilized after a recent $660,000 renovation, and provides a new buyer with a unique opportunity to own a stabilized property with an opportunity to increase cash flows immediately. The French Quarter has great visibility and quick access to major thoroughfares, including interstates 25 and 40. The property is well positioned within the submarket, with access to major employment centers, including Kirtland Air Force Base (AFB), the University of New Mexico (UNM), and Sandia National Laboratories; a total employee base of over 40,000 people. Recent historical vacancies are higher than market due to the renovations, and many of the contracted rents are below the competitive properties. The French Quarter presents a clear opportunity to achieve double digit cash-on-cash returns immediately by accelerating income growth through increased management, and tactically reducing expenses by implementing items like a much-needed RUBS program for utilities.