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: 6/4/2018

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
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.