1 Calle Medico Unit 1 #Unit 1 $650,000

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1 Calle Medico Unit 1 #Unit 1

  • Price: $650,000
  • MLS: 201904892
  • Status: Active
  • Type: Office
  • Acres: 0.49
  • Area: 3S-SF City SE South
  • Total Sqft: 2,785

Presenting Broker

Tommy Gardner

Tommy Gardner

(505) 919-8819

Email Me

Santa Fe Comm. Real Estate, LLC
64 Amberwood Loop
Santa Fe, NM 87501
Direct: 505-919-8819

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Description

Net leased office condominium investment leased to successful and long standing accounting firm Zlotnick and Laws PC. One unit of a two unit condominium well located near the hospital, medical offices, professional offices on Santa Fe's southeast side. Thirteen parking spaces in a paved lot. Good visibility from Arroyo Chamiso and Old Pecos Trail. Tenant pays all expenses except outside maintenance. No condo fee, instead, each owner maintains its portion of the common areas. Three years left on the lease with 2% annual rent escalation. At the asking price of $650,000 measures of investment performance are GRM of 13.5, a cap rate of 7.38%, price per square foot of $223 and an after tax, post financing IRR of 11.3%.

Additional Features

  • Type: Office
  • Days On Market: 23
  • Age: 21-30 Years
  • Floor: Carpeting, Tile
  • Construction: Frame
  • Sewage: City
  • Gas: Natural
  • Extras: Kitchen Area, Paved, Restrooms, Space Heater, Water Heater
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Listing Brokerage

Tai Bixby Associates

Keller Williams

IDX listing
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 Sotheby's International Realty ® are marked with the IDX logo. All data in this web site is deemed reliable but is not guaranteed.