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1221 Flagman Way , B1-B4

Santa Fe, NM 87505
  • $1,150,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 202233527
UPDATED: 37 min ago
$1,150,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,000
    SQFT
  • $192
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2009
County:

School Ratings & Info

Description

Great investment opportunity! This fully leased space has been the home of the current tenant Undisputed Fitness since 2014. This was the first development in the South Rail Yard - Baca Street area. It has enjoyed 100% occupancy since shortly after it was built. Great proximity to the Downtown area without all the congestion. This space can be retail, office or any combination thereof, including residential and live-work potential. Tenant pays their own utilities, janitorial, property CAM(including ground lease) and any other services they contract for. The 50 year ground lease with the Railyard Corporation was initiated in 2002 and has approximately 30 years left in the base term with a 40 year option term.

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© 2022 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. 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 Carson & Carson | Keller Williams Santa Fe are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-11-26T22:51:30.267.
www.santafepropertyfinder.com/homes/134039488
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1221 Flagman Way , B1-B4 Santa Fe, NM 87505

  • Price: $1,150,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 37 min ago
  • MLS #: 202233527
0
Beds
0
Baths
0
½ Baths
N/A
Acres
6,000
SQFT
$192
$/SQFT
2009
Built
Neighborhood:
4N-Sf City Limit Swn
County:
Santa Fe
Area:
4N-Sf City Limit Swn
Property Description
Great investment opportunity! This fully leased space has been the home of the current tenant Undisputed Fitness since 2014. This was the first development in the South Rail Yard - Baca Street area. It has enjoyed 100% occupancy since shortly after it was built. Great proximity to the Downtown area without all the congestion. This space can be retail, office or any combination thereof, including residential and live-work potential. Tenant pays their own utilities, janitorial, property CAM(including ground lease) and any other services they contract for. The 50 year ground lease with the Railyard Corporation was initiated in 2002 and has approximately 30 years left in the base term with a 40 year option term.
Exterior Features

Construction Materials FrameMetalsiding Garage YN No Parking Features OffsitePavedParkingavailableParkinglotOnstreet Roof Metal Waterfront YN No

Interior Features

Basement YN No Cooling Refrigerated Cooling YN Yes Electric Other Fireplace YN No Flooring ConcreteVinyl

Property Features

Building Features HandicapaccessOverheaddoorsPublicrestroomsPavedyard Business Type Commercial Land Lease YN Yes Lease Considered YN No Listing Terms CashConventionalLeaseback Owner Pays Insurance Possible Use CommercialMixeduse Property Sub Type Investment Sewer Publicsewer Tenant Pays ElectricityGasInternetSewerTrashcollectionWater Water Source Public Zoning Bcd

Listing provided courtesy of Joaquin Sanchez of Sun Mountain Real Estate: (505) 660-6847. © 2022 Santa Fe Association of REALTORS®, Inc. MLS. All Rights Reserved.


© 2022 Santa Fe Association of REALTORS®, Inc. MLS. All rights reserved. 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 Carson & Carson | Keller Williams Santa Fe are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-11-26T22:51:30.267.
 
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Carson & Carson | Keller Williams Santa Fe
130 Lincoln Ave suite k
Santa Fe NM, 87501