2945 Rodeo Park Dr E

Santa Fe, NM 87505 | 1.5 Acres / 23,426 SF


Investment Property For Sale

High Quality, Multi-Tenant Office Building | I-25 Visibility | 2945 Rodeo Park Dr E


Investment Property For Sale

Price $2,800,000.00
Size 1.5 Acres / 23,426 SF


2945 Rodeo Park Drive East
Santa Fe, NM 87505


Offering Summary

Purchase Price: $2,800,000
Price per SF: $119.53
Net Operating Income: $231,161
Cap Rate: 8.26%
Lease Types: Full Service


Investment Highlights

  • Stabilized office investment with strong tenants
  • All tenants are current and paying rent
  • Low price/SF – $119.53/SF (priced below replacement cost)
  • Building Size: ±23,426 SF
  • Land Size: ±1.51 acres
  • Value-add components
    – ±3,367 SF of vacancy for lease-up
    – One tenant is month-to-month and is paying well below market rent; ability to increase income if re-leased at a market rate
  • The Santa Fe market has high barriers to entry
  • Central location
    – Strategically located near the major intersection of St. Francis and Interstate 25
    – Convenient access to Interstate 25
    – Close proximity to Rail Runner Station
  • Excellent visibility and exposure from Interstate 25
  • Diverse mix of tenants
    – Mix of publicly traded, government, and local tenants


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