807 Camino del Monte Rey

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30524474
Property Subtypes: Net Leased, Office Building
Status: Pending/Contingent
Building Size (RSF): 6,386 SF
Gross Land Area: 0.28 Acres
Sale Price: $1,708,000
Unit Price: $267.46 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Barraclough & Associates Building
Class of Space: Class B
Usable Size (USF): 6,386 SF
Sale Terms: Cash to Seller
Cap Rate: 6.81%
Last Updated: 9/16/2020

Overview / Comments

This building was completed in 2012 for Barraclough & Associates who has always occupied the entire building. B&A has recently been acquired by Carr, Riggs & Ingram, LLC, the national accounting firm. There is a fresh five year lease in place with Carr, Riggs & Ingram. There are two - five year options for renewal with full, aggregate, CPI increases effective at the renewal junctures.
The annual NOI on the property is $116,386. Tenant pays all utilities, real estate taxes, Common Area Maintenance. Landlord pays real estate insurance, HVAC maintenance, roof and structural.
This is a very clean investment and the asset is in excellent condition.

Additional Details

Nearest MSA: Santa Fe
County: Santa Fe
Taxing Authority: santa fe
Tax ID/APN: 1053097235471000000
Zoning: C-1
Property Visibility: Good
Highway Access: Just off St. Francis/285
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2012
Roof Type: Flat
Parking Type: Surface
Parking Description: 18 spaces onsite. Additional on-street parking as well.
Total Parking Spaces: 18
Zoning Description: C-1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,884 52,795 75,758
Median Age: 45.18 47.15 43.34
Households: 7,446 26,013 34,454

Contact

Photograph of Listing Agent

John Shepler

Shepler Commercial CARNM CIE Member
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