5525 Highway 64

Office for Sale
Catylist Listing ID: 30715546
Property Subtypes: Office Building
Building Size (RSF): 46,839 SF
Gross Building Area: See Agent
Gross Land Area: 7.62 Acres
Sale Price: $1,168,860 - 5,152,290
Unit Price: $24.95 - 110 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: 5525 US 64 Farmington, NM
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/15/2021

Overview / Comments

5525 US 64 is a well-located property on the south side of Farmington. The complex is readily accessible from the adjacent communities of Bloomfield and Aztec. The campus consists of four (4) separate buildings with a combined total of 46,839 square feet. Each building on the property has its own unique features and design allowing for a multitude of uses. The site has an impressive parking ratio of 10.23 per 1,000 sf and can easily accommodate additional buildings and/or construction yard space. The newest building on the site was constructed in 2014 to LEED standards and is one of the premier office buildings in the region. The property can be purchased either in its current, campus configuration or a Buyer could purchase building 100 separately.

Building 100 is approximately 10,626 square feet. It fronts Hwy 64 and provides great visibility for any occupant by way signage on the front of the building. This building is perfect for a owner/user or can easily be divided to accommodate multiple Tenants. Price - $1,168,860.00

As building 500 is the only Class A option in the market, the asking price of $110 per square foot is a great deal as this is approximately 50% of replacement cost. Buildings 200 and 400 are components of building 500, creating a total square footage of 36,213. Price - $3,983,430.00

Purchase of entire campus - $5,152,290.00

Attachments & Media

Additional Details

Nearest MSA: Farmington
County: San Juan
Taxing Authority: San Juan County
Tax ID/APN: 2072170110125
Zoning: GC
Property Visibility: Good
Highway Access: US 64
Site Description: Located on the southside of Farmington, this complex is readily accessible from the adjacent communities of Bloomfield and Aztec. This four-building campus has a total of 46,839 square feet. The campus configuration allows us to lease a single building or the entire site. The property has excellent visibility from Highway 64. The 7.62-acre site has a parking ratio of 10.23/ 1,000 square feet and lends itself to yard fencing or additional construction.
Total Number of Buildings: 4
Number of Stories: 2
Typical SF / Floor: 10,000 SF
Year Built: 1983
Year Renovated: 2014
Roof Type: Flat
Parking Type: Surface
Parking Description: 10.23 per 1,000 usf
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Interior Description: Mix of hard wall office and open landscape. Quality improvements throughout. Each building includes Breakroom(s), conference rooms of various sizes, reception areas, and restrooms.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: BEG AT SE CORNER OF SEC 19 29 12. THENCE N24-04-04W 1464.98 FT AND N86-51-26W 246.55 FT TO PT OF BEG. THENCE S06 -52-40W 671.13 FT, N81-27-46W 320.70 FT, N0-21-17E 904.07 FT, N87 -30-11E 198.57 FT, S70-59-49E 152.10 FT, S11-29-49E 249.50 FT TO BEG. AKA PARCEL 1 CONOCO PHILLIPS/5 MULE TRUST SUB. BK.1649 PG.769

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,231 11,487 46,271
Median Age: 35.04 30.01 33.26
Households: 431 3,750 16,373

Contact

Photograph of Listing Agent

Barbara Cuoco

REA | Real Estate Advisors
CARNM CIE Member
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