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906 S St. Francis At Us-285/St Francis Drive

Santa Fe, NM 87505
  • $1,287,000
  • STATUS: Active Under Contract
  • ON SITE: 129 Days
  • MLS #: 202201884
Under Contract
UPDATED: 50 min ago
$1,287,000
  • 0
    BEDS
  • 0.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,456
    SQFT
  • $112
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1989
County:

School Ratings & Info

Description

906 South St. Francis Drive is a 18,690 sf lot with an 11,416 sf building located on the southwest corner of Mercer and St. Francis Drive. The property is in good condition. The building is currently fully leased to office and retail tenants. Building has enjoyed high occupancy because of its superior, high-visibility location, excellent parking and competive rents. Most leases are relatively short term including the largest tenant who has slightly less than a year remaining. Full rent roll and apod available with confidentiality non-disclosure agreement. Projected CAP rate for 2022 is anticipated to be 7.2% based on 100% occupancy and estimated NOI of approx $93,000/sf/year. Starbucks, immediately across St. Francis Drive is also for sale by same owner

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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 Berkshire Hathaway HomeServices Santa Fe Real Estate 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 2022-10-05T16:51:35.1.
www.propertiesofsantafe.com/homes/129274774
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906 S St. Francis At Us-285/St Francis Drive Santa Fe, NM 87505

  • Price: $1,287,000
  • Status: Active Under Contract
  • On Site: 129 Days
  • Updated: 50 min ago
  • MLS #: 202201884
0
Beds
0
Baths
0
½ Baths
0.74
Acres
11,456
SQFT
$112
$/SQFT
1989
Built
Neighborhood:
4N-Sf City Limit Swn
County:
Santa Fe
Area:
4N-Sf City Limit Swn
Property Description
906 South St. Francis Drive is a 18,690 sf lot with an 11,416 sf building located on the southwest corner of Mercer and St. Francis Drive. The property is in good condition. The building is currently fully leased to office and retail tenants. Building has enjoyed high occupancy because of its superior, high-visibility location, excellent parking and competive rents. Most leases are relatively short term including the largest tenant who has slightly less than a year remaining. Full rent roll and apod available with confidentiality non-disclosure agreement. Projected CAP rate for 2022 is anticipated to be 7.2% based on 100% occupancy and estimated NOI of approx $93,000/sf/year. Starbucks, immediately across St. Francis Drive is also for sale by same owner
Exterior Features

Construction Materials Frame Parking Features OffsitePavedParkingavailableParkinglot Roof Flat

Interior Features

Basement YN No Flooring Concrete Heating Naturalgas Heating YN Yes

Property Features

Accessibility Features Accessibilityfeatures Business Type CommercialMedicalProfessionalofficeOtherRetail Land Lease YN No Net Operating Income 99173 Owner Pays ExteriormaintenanceInsuranceSnowremovalSewerTaxesWater Possible Use CommercialMedicaldentalOfficeOtherRetailSeeremarks Property Sub Type Investment Sewer Publicsewer Tax Annual Amount 12445.58 Tax Year 2021 Tenant Pays ElectricityGasInternet Utilities Highspeedinternetavailable Water Source Public Zoning C-1 Zoning Description C1

Listing provided courtesy of Douglas Roberts of Droberts Realty Llc: (505) 428-0079. © 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 Berkshire Hathaway HomeServices Santa Fe Real Estate 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 2022-10-05T16:51:35.1.
 
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Berkshire Hathaway HomeServices Santa Fe Real Estate
123 E. Marcy St., Suite 101
Santa Fe NM, 87501