Long-standing Dennis Engineering Company Makes Quick Move to Buy Rare Office Building in Uptown Albuquerque
CHALLENGE
Local engineering firm, Dennis Engineering, was seeking the right office building in Uptown Albuquerque to purchase and relocate their existing business from Edgewood, NM. The real challenge was finding a building, any building, for sale in the Uptown, Albuquerque market.
ACTION
Rob Powell, of Resolute RE, kept an eye on the Uptown office market looking at on-market and off-market opportunities. The search for the right asset took over two years to find. 6020 Indian School Rd. NE was introduced to the market and within 24 hours, the Seller received an offer from Dennis Engineering.
RESULT
6020 Indian School closed in under 30 days from being introduced to the market for sale. Resolut RE efforts resulted in:
- Identifying an office building with the right attributes for the Buyer
- Purchase of a hard-to-find office building in the most sought after market
- Below market purchase price
TESTIMONIAL
We enlisted the services of Rob Powell and the Resolute RE team to assist in locating an office building that would fit the specific needs for our growing business. We relied heavily on Rob’s market knowledge, his deep relationships with other commercial brokers, owners, contractors, and lenders. Although the office market in the Uptown area was limited, with Rob’s help, we finally identified and purchased an office building that fit our needs. Rob put us in front of the right people through the purchase and closing processes to get the deal done. If you want to buy, sell or lease commercial real estate, I highly recommend Rob Powell. – Tappan Mahoney, PE, President and Chief Engineer of Dennis Engineering Company