Santa Fe Office Building
Office
for Sale
| Catylist Listing ID: |
30138767 |
| Property Subtypes: |
Business Park, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Office Building
|
| Building Size (RSF): |
24,750 SF
|
| Gross Building Area: |
25,626 SF |
| Gross Land Area: |
1.24 Acres
|
| Sale Price: |
$3,350,000 |
| Unit Price: |
$135.35 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Class of Space: |
Class B |
| Usable Size (USF): |
24,750 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
2/20/2019 |
Overview / Comments
|
Exceptional opportunity in the heart of the Christus St. Vincent and Calle Medico medical area. Well-designed office building with large spaces for varied uses. Main entrances on each level provide an excellent multi-tenant option. Multiple private perimeter offices with windows; several interior office spaces with skylighting. Large conference rooms and expansive storage or flex-space areas. New TPO roof recently installed. New synthetic stucco finish. Great location near the new Christus St. Vincent expansion. Currently leased to State of NM Division of Vocational Rehabilitation. Lease expires 9/30/18 with 2 each six months extensions. Current Rent is $26.75/sf FS. Any renewals after 9/30/19 are subject to the State RFP process . Existing rent will continue for some time until a new location for the tenant is obtained.
|
Financials
| Finance Data Year |
2018 |
| Gross Operating Income |
$661,960 (Annual) |
| Net Operating Income |
$463,960 (Annual) |
| Actual or Proforma Year |
Proforma |
Additional Details
| Nearest MSA: |
Santa Fe |
| County: |
Santa Fe |
| Taxing Authority: |
Santa Fe County |
| Tax ID/APN: |
18500566 |
| Zoning: |
COMMERCIAL |
| Property Visibility: |
Good |
| Highway Access: |
Easily accessible from Old Pecos Trail. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
12,700 SF |
| Year Built: |
1992 |
| Roof Type: |
Flat |
| Parking Ratio: |
3 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Parking at the main entrance to each level |
| Total Parking Spaces: |
78 |
| Passenger Elevators: |
1 |
| Sprinklers: |
None |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Fee Simple |
| Legal Description: |
TR B2 BAUER STATION S/D 1.240 AC |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,822 |
46,611 |
73,765 |
| Median Age: |
52.6 |
47.43 |
45.27 |
| Households: |
4,093 |
23,036 |
34,428 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Association of REALTORS® - New Mexico nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
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