2945 Rodeo Park Drive East
Santa Fe, NM 87505 ·
26,156 SF · Office For Sale
|Building Size||26,156 SF||No. Stories||2|
|Property Type||Office||Building Class||A|
|Property Use Type||Investment||Year Built||2001|
|Cap Rate||9%||Lot Size||1.05 AC|
|Listing ID: 14268415||Date Created: 07/13/2005||Last Updated: 10/31/2012|
Built in 2001, this class A/B+ office building has two government and one credit tenant lease and is 34% vacant. CAP RATE SHOWN IS PRO FORMA BUILDING AT 95% OCCUPIED. Pro Forma CAP includes Price+ build-out and commission costs Actual, current CAP on in-place income is 6.02% FBI lease expires 30-Sep-14, IRS lease expires 30-Sep-13 and Northrup Grumman expires 30-Sep-08.
Building is located in prestigious Rodeo Road Business Park. Rodeo Road Business Park is located next to the location of US 285 and I-25 in South Santa Fe.
- 9.0% pro forma CAP at 95% occupancy
- 6.2% actual CAP on Actual Occupancy
- Considerable Up-side with 34% to Lease
- 87 Parking Spaces
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