906 South St Francis Drive

Retail-Commercial for Sale
Catylist Listing ID: 30798492
Property Subtypes: Street Retail
Building Size (RSF): 11,416 SF
Gross Land Area: 18,690 SF
Sale Price: $1,287,000
Unit Price: $112.74 PSF
Property Use Type: Investment
Building Name: 906 S. St Francis Drive
Usable Size (USF): 11,416 SF
Sale Terms: Cash to Seller
Cap Rate: 7.6%
Last Updated: 5/11/2022

Overview / Comments

906 South St. Francis Drive is a 18,690 sf lot with an 11,416 sf building located on the southwest corner of Mercer and St. Francis Drive. The property is in good condition.

The building is currently fully leased to office and retail tenants.Building has enjoyed high occupancy because of its superior, high-visibility location, excellent parking and competive rents. Most leases are relatively short term including the largest tenant who has slightly less than a year remaining. Full rent roll and apod available with confidentiality non-disclosure agreement.

Projected CAP rate for 2022 is anticipated to be 7.6% based on 100% occupancy and estimated NOI of approx $98,000/sf/year.

Starbucks, Ski Tech and Best Daze immediately across St. Francis Drive are also for sale by same owner..

Additional Details

Nearest MSA: Santa Fe
County: Santa Fe
Tax ID/APN: 12414848
Zoning: C-4
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention, Other
Property Visibility: Excellent
Largest Nearby Street: St. Francis Drive
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1989
Roof Type: Flat
Construction/Siding: Stucco
Total Parking Spaces: 53
Parking Ratio: 216 (per 1000 SF)
Parking Type: Surface
Parking Description: Please note: 1.) 16 spaces and dumpster are situated on land leased from the City of Santa Fe 2.) By lease agreement, Best Daze at 820 Mercer across St. Francis Dr., has the right to use up to 10 parking spaces at no cost. Location of these spaces is not identified or delineated.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,099 48,126 69,190
Median Age: 49.74 47.7 44.73
Households: 7,184 23,944 32,403

Contact

Photograph of Listing Agent

Doug B Roberts, CCIM

dRoberts Realty, LLC CARNM CIE Member
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