1 Calle Medico Unit 1 Unit 1, Santa Fe

$650,000

0 Beds
0 Baths
2,785 Sqft
.49 Acres
0 Garages

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%.

Listing Details
AgentTai Bixby Associates
OfficeKeller Williams
Essential Information
MLS® #201904892
Price$650,000
Square Footage2,785
Acres0.49
Year Built1980
TypeCommercial Building
Sub-TypeOffice
StatusActive
Community Information
Address1 Calle Medico Unit 1 Unit 1
Area3S-SF City SE South
CitySanta Fe
CountySanta Fe
StateNew Mexico
Zip Code87505
Features

Inside Storage, Security Lighting, Shelving, Kitchen Area, Paved, Restrooms, Space Heater, Water Heater

Parking

Parking Area, Parking Lot, Paved, Street Parking

Interior
InteriorCarpeting, Tile
Exterior
RoofFlat
ConstructionFrame
Additional Information
Date ListedOctober 27th, 2019
Days on Market15
ZoningC-1
Listing Broker:Tai Bixby Associates
Listing Office: Keller Williams
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