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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202340557
HOA Y/N No
Year Built 2001
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Investment
Property Description
Perfect single tenant investment opportunity for the right Buyer! This single level building was built by SF Brown in 2001 and consists of 9,785 square feet and is currently leased to an engineering firm Souder, Miller and Associates through January 31st 0f 2028. This lease has scheduled annual rent increases every October 1st of 1.5% and is currently paying $12,577.29 per month. This is a NNN Lease with the Tenant paying RE taxes, Insurance, Condo Association fees and any other associated special assessments. The current NOI is $153,192.00 with a Cap Rate of 6.66% with 1.5% annual rent increases. The space itself consists of a mixture of single private offices, conference rooms, flex space all surrounding a central outdoor private courtyard which is beautifully landscaped.
Location
State NM
County Santa Fe
Zoning BIP
Interior
Cooling Refrigerated
Flooring Concrete, Tile, Wood
Fireplace No
Exterior
Parking Features Paved, Parking Available, Parking Lot
Utilities Available High Speed Internet Available
Water Access Desc Public
Roof Type Pitched
Present Use Office
Building
Sewer Public Sewer
Water Public
Others
Tax ID 990002940
Acceptable Financing Cash, 1031 Exchange, New Loan
Listing Terms Cash, 1031 Exchange, New Loan
Listed by Alicia Bertram • SF Brown Real Estate
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Sabine Lauer
Broker Associate | License ID: 53656
150 Washington Ave., Suite 201, Santa, Mexico, 875, United States