Owner Financing 600 6th St

Office for Sale
Catylist Listing ID: 30044277
Property Subtypes: Net Leased, Office Building, General
Building Size (RSF): 12,952 SF
Gross Building Area: 14,620 SF
Gross Land Area: 1.06 Acres
Sale Price: $2,950,000
Unit Price: $227.76 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: 600 Sixth Street Office Building
Class of Space: Class A
Usable Size (USF): 12,952 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 60
Last Updated: 8/14/2017

Overview / Comments

Excellent Visibility, Located Near Entry to downtown Los Alamos, New Mexico.
Get in on the Los Alamos Labs expansion and own your own building anchored by a national tenant.
National tenant, occupies 7,396 SF at $18 psf plus CAM.
Well maintained building, with many upgrades and improvements.
Owner financing available with $500,000 down. 10 cap at 100% occupancy.

Attachments & Media

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $15,650 (Annual)
Potential Rental Income $298,838 (Annual)
Net Operating Income $108,276 (Annual)
Gross Operating Income $199,918 (Annual)
Actual or Proforma Year Actual
Lender Name Owner will Finance
Loan Amount $2,450,000
Down Payment $500,000
Annual Debt Service $15,785 (Annual)
Interest Rate (APR) 6
Amortization Period 25

Additional Details

Nearest MSA: Los Alamos
County: Los Alamos
Property Visibility: Excellent
Airports: Albuquerque, Santa Fe, Los Alamos
Site Description: Immaculately maintained, well designed office Building. Zoned C-3. Excellent Net Lease Opportunity. Excellent Visibility, Located Near Entry to downtown Los Alamos, New Mexico.
Area Description: High visibility location on main road into Los Alamos downtown area, and Los Alamos Labs.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 12,050 SF
Roof Type: Other
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: 45 includes 2 Handicapped spaces. Parking lot recently re-surfaced and striped
Total Parking Spaces: 45
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, ISDN, T1/T3
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee simple

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,453 8,476 14,171
Median Age: 41.91 42.23 43.86
Households: 1,102 3,880 6,174
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