Santa Fe, NM Office Property For Sale

Currently this enchanting 1,223 sq. ft. office space in Galisteo Center is being used a a retail skin care facility. Each patient office has a sink. One room has a water/dryer hook up. 2 bathrooms. There is plenty of paved parking. Well maintained and a brand new TPO roof was installed summer of 2022.

Newly updated office condo in ideal location. This conveniently located office is situated 450ft from Christus St. Vincent Hospital and 1.7 miles to I-25. The property has large reception/waiting area, open floorplan with 4 generously sized offices/ treatment rooms, 2 private rear exists, 2 in-suite restrooms with 1 shower, storage, and kitchenette/break area. The property was updated approx. 6 years ago with 2 new HVAC units, TPO roof with 20 year warranty and additional skylights throughout. Functional crawl space with vapor barrier that allows for ease of access and floorplan modifications. Condo dues are billed quarterly.

AVAILABLE

Building: ±5,211 SF

Land: ±0.21 Acres

SALE PRICE: $1,490,000

LEASE RATE: $8.00/SF + NNN

HIGHLIGHTS

- High visibility on Paseo de Peralta

- Two-level building with an abundance of natural light and unique design

- Adequate parking - 13 spaces

- A mix of open collaborative areas & individual offices

- Close proximity to Railyard District,

- Downtown Santa Fe and State of New Mexico buildings

- Well maintained

ZONING

- BCD, Business Capital District

Sunny, bright and clean office condo in professional office park. The unit has two large offices upstairs and two smaller offices and a conference room downstairs, all with operable windows. Each level has its own HVAC, bathroom and kitchenette. Plentiful free parking. Could be shared. Tenant pay its own separately metered gas, electric and any janitorial services. Medical practices are not allowed.

This is 3700+/- sq. ft of good, clean office or medical space, with high visibility and plenty of parking in the busy Rodeo Park corridor. Previously occupied and built to suit by the law firm Prince, Schmidt, Korte, and Baca. Expansive with 8 separate offices, 9 ft ceilings, and a 13x32 reception/waiting area. Extras include a conference room, kitchenette/break room, server closet, storage room, and storage closets, a reverse-osmosis system, two bathrooms with stalls, a janitor's closet with floor sink, and CAT5 phones lines throughout the building. The new owner/tenant can move in with minimal upgrades.

Sale Price: $766,150

Price/SF: $271.87

NOI: $49,800

Cap Rate: 6.5%

Property Highlights:

• Single-Tenant NNN Lease

• Recent 5-year lease with one (1) 5-year option

• Monument signage

• Premier location on north side - Close to Downtown

• Neighboring tenants include Northside Dental, Santa Fe SPA, The Lodge at Santa Fe, DeVargas Center among others

• High-quality finishes

• Adequate parking

HIGHLIGHTS

Excellent location in a dense medical services corridor

Near Christus St. Vincent and Presbyterian Hospitals

State licensed surgical center with 2 operating rooms & 4 recovery bays

Designed to Medicare/Medicaid standards

Single-tenant or multi-tenant opportunity

Beautifully-finished clinic space

New stucco & updated HVAC

Exterior access to on grade level and lower level as well as elevator

Backup generator

56 parking spaces on-site

Zoning: C-1

Additional parking available for sale separately across the street

This single story15,968 SF building sits on 1.61 acres with frontage on Rodeo Road including 66 asphalt paved parking spots. Concrete curbs and sidewalks, irrigated landscaping, two entries, some raised ceilings, bancos and coffee bar in waiting area, glassed reception desk/counter, skylights, water fountains, ceiling fans, lead-lined X-ray room, copper lined MRI room, central vacuum, oxygen/suction system throughout building, janitor’s closet, sink, cabinets, extensive built-in cabinets, two isolation wards, magnetic locks, alarm/security system, IT room with separate air handler/air conditioner, multiple operating rooms and spaces, multiple exam rooms, multiple lab/work rooms, multiple kennel spaces, multiple offices, conference room. New Roof January 2020. Building formerly occupied by NM State government offices.

Exceptional opportunity in the heart of the Christus St. Vincent and Calle Medico medical area. Well-designed office building with large spaces for varied uses. Main entrances on each level provide an excellent multi-tenant option. Multiple private perimeter offices with windows; several interior office spaces with skylighting. Large conference rooms and expansive storage or flex-space areas. New TPO roof recently installed. New synthetic stucco finish. Great location near the new Christus St. Vincent expansion.

Located on a quiet corner, adjacent to a residential area, and facing south with wonderful light in winter. Central to everything. Well maintained and very functional office space with 6 offices, 2 bathrooms, kitchen, storage area and server room. This unit has Fiber Optics provided by Lumens. Good on-site and street parking.

Calle Medico is located next to the medical corridor that houses Christus St. Vincent and across St. Michaels Dr. is a Presbyterian Urgent Care. The Property is minutes to St. Francis, I-25, major shopping areas, and is located near the Santa Fe Trail.

The properties offer ample parking, attractive landscaping, and great views of the Santa Fe National Forest. There is monument signage fronting Calle Medico, and the buildings sit on prominent corner lots, making them highly visible. The buildings have been locally owned and operated, by the same owners since their construction. The new owner will have the opportunity to bring rents up to market rates as and when existing leases expire, as well as adding load factors to the existing square footages which will result in huge upside potential.

• Two freestanding, multi-tenant buildings on Santa Fe’s medical corridor

• Desirable location in close proximity to prominent medical, retail and office users

• Low vacancy rates in the immediate area

• Properties have been well-maintained by local ownership, who were the original developers

• Strong tenant mix, including medical and professional users

• History of strong occupancy and renewal rates

• Over $200,000 in capital improvements made to HVAC and parking lots in 2022

• Ample parking

• Modern finishes throughout

• Huge upside potential by increasing rental rates to market as existing leases expire

• C1 zoning allows for multifamily, as well as several other desirable uses