Historical Office Sale Listing - FBI/IRS Building

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FBI/IRS Building

2945 Rodeo Park Drive East, Santa Fe, NM 87505

N/A

26,156 SF | Office

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2945 Rodeo Park East

Office Property - Off Market

Price:
N/A
Building Size:
26,156 SF
Property Type:
Office
Property Sub-type:
Office Building
Additional Sub-types:
Institutional/
Governmental
Property Use Type:
Investment
Cap Rate:
9%
Occupancy:
66%
No. Stories:
2
Building Class:
A
Tenancy:
Multiple
Year Built:
2001
Lot Size:
1.05 AC
Listing ID
14268415
Last Updated
over 1 year ago

Highlights

  • 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

Description

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.

Map of 2945 Rodeo Park Drive East, Santa Fe, NM 87505 (Santa Fe County)

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