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905 S Saint Francis

Santa Fe, NM 87505
  • $930,000
  • STATUS: Active Under Contract
  • ON SITE: 10 Days
  • MLS #: 202201586
Under Contract
UPDATED: 49 min ago
$930,000
  • 0
    BEDS
  • 0.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,672
    SQFT
  • $199
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1986
County:

School Ratings & Info

Description

When did you last see a real estate investment like this in Santa Fe! Rare investment property consisting of two high visiblity buildings, each with a tenant located on the same parcel. Both leases together throw off more than $76,000 NOI annually with NNN leases (minimal owner expenses). Ski Tech rent increases annually by CPI but no more than 5% or less than 2%. Buildings and lot are in excellent condition. Best Daze just completed a top-to-bottom renovation. Both buildings have metal roofs. The property wraps around Starbucks on the east and north sides. Ski Tech (Leaser expires 2025) is on the SE corner of Mercer and US-285-South St. Francis Drive between Railyard Urgent Care and Starbucks. Best Daze (lease expires 2024 with two renewal options) sits between high-traffic La Choza on Alarid and Starbucks on US-285. Latest Traffic Count on US-285 at Mercer is 40,873/cars/day (ESRI-Q1 2022). With 19 on-site and 16 off-site parking spaces, the businesses enjoy exceptional parking. This is a 8% yield cash-flowing investment with exceptional rental history in an outstanding location requiring minimal owner involvement. Both 906 South St. Francis Drive and Starbucks are also available for purchase.

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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 2022-05-20T16:52:24.313.
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905 S Saint Francis Santa Fe, NM 87505

  • Price: $930,000
  • Status: Active Under Contract
  • On Site: 10 Days
  • Updated: 49 min ago
  • MLS #: 202201586
0
Beds
0
Baths
0
½ Baths
0.36
Acres
4,672
SQFT
$199
$/SQFT
1986
Built
Neighborhood:
1-Sf City Limits Ne
County:
Santa Fe
Area:
1-Sf City Limits Ne
Property Description
When did you last see a real estate investment like this in Santa Fe! Rare investment property consisting of two high visiblity buildings, each with a tenant located on the same parcel. Both leases together throw off more than $76,000 NOI annually with NNN leases (minimal owner expenses). Ski Tech rent increases annually by CPI but no more than 5% or less than 2%. Buildings and lot are in excellent condition. Best Daze just completed a top-to-bottom renovation. Both buildings have metal roofs. The property wraps around Starbucks on the east and north sides. Ski Tech (Leaser expires 2025) is on the SE corner of Mercer and US-285-South St. Francis Drive between Railyard Urgent Care and Starbucks. Best Daze (lease expires 2024 with two renewal options) sits between high-traffic La Choza on Alarid and Starbucks on US-285. Latest Traffic Count on US-285 at Mercer is 40,873/cars/day (ESRI-Q1 2022). With 19 on-site and 16 off-site parking spaces, the businesses enjoy exceptional parking. This is a 8% yield cash-flowing investment with exceptional rental history in an outstanding location requiring minimal owner involvement. Both 906 South St. Francis Drive and Starbucks are also available for purchase.
Exterior Features

Access Type Ada Construction FrameMetal Extras High VisibilityMulti-Story Building Parking Facilities Offi-Site ParkingParking AreaPavedStreet Parking Roof Metal - PropanelPitch

Interior Features

Sq Ft Total Building 3000 - 4999

Property Features

Approximate Age 21-30 Years Authority Santa Fe City Bank Owned No Building Currently Leased Yes Building Use CommercialRetail Commercial Type Investment Electric Electric - 115VPublic Lease Type Net Lot Size Source Tax Data Owner Pays Outside MaintenanceRoof MaintenanceSnow Removal Possession Sub To Tenant Rights Sewage City Sq Ft Source Tax Data Tax Year 2021 Taxes 6623.46 Tenant Pays ElectricGasInternet Service Terms Cash Water City Water Rights No Zoning Bcdd

Listing provided courtesy of Douglas Roberts of Droberts Realty Llc. © 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 2022-05-20T16:52:24.313.
 
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Carson & Carson | Keller Williams Santa Fe
130 Lincoln Ave suite k
Santa Fe NM, 87501