810 W San Mateo Rd

Santa Fe, NM 87505 | 1.4 Acres / 24,351 SF | Investment Property For Sale

$3,695,000.00


Southwest Plaza | Multi-Tenant Office Building | High-Yielding Investment | 8% Cap Rate | Strong Tenancy

Array

Investment Property For Sale

Price $3,695,000.00
Size 1.4 Acres / 24,351 SF

Additional Information

Southwest Plaza
810 W. San Mateo Rd.
Santa Fe, NM 87505

 

Offering Summary

Purchase Price: $3,695,000
Price per Square Foot: $151.74
Net Operating Income: $295,569
Cap Rate: 8.00%
Lease Type: Full Service

 

Investment Highlights

  • Significant in-place cash flow
  • High-yielding investment
    – 8% Cap Rate based on current, in-place income
  • The Santa Fe market has high barriers to entry
  • Low price/SF (priced below replacement cost)
  • Diverse mix of tenants with staggered lease rollovers
  • Excellent, central location
    – Located near the major intersection of St. Michael’s Dr. and St. Francis Dr. with many nearby amenities
    – Easy and quick access to downtown Santa Fe, Interstate 25, and many other services
  • Attractive, quality construction and landscaping
  • 52,931+ population within a 3-mile radius of the site
  • $74,100+ average household income within a 3-mile radius of the site

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Jake Mechenbier

Senior Advisor
505.338.4186

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