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2904 Rodeo Park Drive , #100

Santa Fe, NM 87505
  • $2,300,000
  • STATUS: Active
  • ON SITE: 244 Days
  • MLS #: 202340557
UPDATED: 57 min ago
$2,300,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,785
    SQFT
  • $235
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2001
County:

School Ratings & Info

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.

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Santa Fe Association of Realtors logo © 2024 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than EXIT Realty Advantage NM are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-04-16T19:03:46.1.
www.exitadvantagenm.com/homes/142440818
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2904 Rodeo Park Drive , #100 Santa Fe, NM 87505

  • Price: $2,300,000
  • Status: Active
  • On Site: 244 Days
  • Updated: 57 min ago
  • MLS #: 202340557
0
Beds
0
Baths
0
½ Baths
0.18
Acres
9,785
SQFT
$235
$/SQFT
2001
Built
Neighborhood:
4S-Sf City Limit Sws
County:
Santa Fe
Area:
4S-Sf City Limit Sws
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.
Exterior Features

Construction Materials Frame Garage YN No Parking Features Paved Parking Available Parking Lot Roof Pitched

Interior Features

Basement YN No Cooling Refrigerated Cooling YN Yes Fireplace YN No Flooring Concrete Tile Wood

Property Features

Building Features Kitchen Facilities Public Restrooms Paved Yard Business Type Commercial Professional Office Land Lease YN No Lease Considered YN No Listing Terms Cash Item1031 Exchange New Loan Net Operating Income 150927 Possible Use Commercial Office Residential Property Sub Type Office Property Sub Type Additional Office Sale Or Lease Indicator For Sale Sewer Public Sewer Utilities High Speed Internet Available Water Source Public Zoning BIP

Santa Fe Association of Realtors logo Listing provided courtesy of Alicia Bertram of SF Brown Real Estate: (505) 473-7740. © 2024 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.


Santa Fe Association of Realtors logo © 2024 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ("IDX") program of SFAR MLS, Inc. Real estate listings held by brokers other than EXIT Realty Advantage NM are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-04-16T19:03:46.1.
 
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