Key Features
- MLS: 202340557
- Status: Active
- Price: $2,300,000
- Area: 4S-SF City Limit SWS
- Type: Office
- Acres: 0.18
About this Property
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.
Additional Features
- Type Office
- Days On Market 463
- Parking FeaturesPaved, Parking Available, Parking Lot
- UtilitiesHigh Speed Internet Available
- FlooringConcrete, Tile, Wood
- Construction MaterialsFrame
- RoofPitched
- Water SourcePublic
- SewagePublic Sewer
Neighborhoods
Santa Fe city southwest, the largest area of Santa Fe and still growing…. West Side This older, family community boasts an eclectic mix of commercial development and mid-priced adobe structures. St. Anne's church and Larragoite elementary school help create a neighborhood atmosphere. Barrio de la Canada Close to town and…
Listing Brokerage
Alicia Bertram
SF Brown Real Estate
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