418 Cerrillos Rd

Santa Fe, NM 87505 | 1.4 Acres / 27,991 SF

Call for Offers Mar. 20, 2020

Investment Property For Sale


Design Center | Mixed-Use Investment

Array

Investment Property For Sale

Price Call for Offers Mar. 20, 2020
Size 1.4 Acres / 27,991 SF

Benefits

Design Center
418 Cerrillos Rd.
Santa Fe, NM 87505

 

Offering Summary

Purchase Price: Call for Offers March 20, 2020
Net Operating Income (Stabilized)*: $207,558
Net Operating Income (As-Is)**: $167,431
Building Size: ±27,991 SF
Land Size: ±1.38 acres

*Lease-up of 9% to 90% at $12.50/SF Base Rent + $4.50/SF Expense Reimbursement

**81% Occupancy

 

Investment Highlights

  • Call for offers – March 20, 2020
  • Generational Asset in Historic Santa Fe
  • Multi-purpose building in the heart of Santa Fe
    – Mix of shops, galleries, service-oriented tenants, and restaurants
  • Irreplaceable location
    – Easy access to Downtown Santa Fe
    – One block east of the Railyard train station
    – Cerrillos Rd. is the main thoroughfare in Santa Fe
  • Building Size: ±27,991 SF
  • Land Size: ±1.38 acres
  • Excellent visibility and exposure
  • Long-tenured tenants with staggered lease terms
  • Diverse tenant mix which allows for multiple uses
  • The Santa Fe market has extremely high barriers to entry

Location

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