Farmington, NM Office Property For Sale

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Office for Sale

Farmington, NM 87401

The properties are in an Opportunity Zone and a Redevelopment area.

The building is an average quality, three-story, concrete frame office building with a flat roof and built up tar and gravel cover. The ground floor is configured as a walk-in retail bank with a built in teller station and two vaults. The upper floors consist of individual offices, conference rooms, large open areas, restrooms, a large, secure file storage room, break room and mechanical and service rooms. There is below grade parking, and ground level parking accessed from the alley and at each end of the building. There are three small hydraulic elevators and three sets of stairways. The HVAC system is four pipe central system with gas fired boiler and electric chiller unit that delivers hot and chilled water to ceiling mounted fan coil units with individual thermostats on each of the floors.. The site contains 26,500 sf.

The additional land consists of a 50 x 105 vacant lot at the SWC of Commercial and Broadway, and a full half block [125 x 250], at 100 Animas Ave.

Office for Sale

Farmington, NM 87401

This property also is available for lease.

Almost half of the building is under a long-term lease to the world’s largest integrated provider of products and services for individuals undergoing kidney dialysis.

Rent escalations begin early in the lease term.

Based on the current income stream and projected rental rates for the remaining spaces, a cap rate of 8.00% seems reasonable.

All connections have been installed in the building for water, gas, electricity, and sewer.

The entire building is insulated.

A storm drainage system and 8-inch sewer main is installed.

Office for Sale

Farmington, NM 87402

5525 US 64 is a well-located property on the south side of Farmington. The complex is readily accessible from the adjacent communities of Bloomfield and Aztec. The campus consists of four (4) separate buildings with a combined total of 46,839 square feet. Each building on the property has its own unique features and design allowing for a multitude of uses. The site has an impressive parking ratio of 10.23 per 1,000 sf and can easily accommodate additional buildings and/or construction yard space. The newest building on the site was constructed in 2014 to LEED standards and is one of the premier office buildings in the region. The property can be purchased either in its current, campus configuration or a Buyer could purchase building 100 separately.

Building 100 is approximately 10,626 square feet. It fronts Hwy 64 and provides great visibility for any occupant by way signage on the front of the building. This building is perfect for a owner/user or can easily be divided to accommodate multiple Tenants. Price - $1,168,860.00

As building 500 is the only Class A option in the market, the asking price of $110 per square foot is a great deal as this is approximately 50% of replacement cost. Buildings 200 and 400 are components of building 500, creating a total square footage of 36,213. Price - $3,983,430.00

Purchase of entire campus - $5,152,290.00

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